Portugal Reaches 71% of Electricity from Renewable Sources in 2024
Portugal reached a remarkable record in renewable energy in 2024, data from grid operator REN indicated. 71% of electricity was produced through renewable sources last year, from 61% in 2023. Portugal has proven consistent in its stand for sustainability as it takes a lead in a transition to greener energy sources.
Hydropower became the biggest renewable energy source that provided 28% of electricity consumed. Wind energy came second, accounting for 27%. This showed that the diversity of renewable energy sources is a critical component of Portugal’s strategy. Solar power was at 10% of total electricity consumption, showing the greatest growth of 37% within the year. Biomass energy rounded off the renewable portfolio with an additional 6%.
REN highlighted the significance of these developments, saying, “This milestone proves that Portugal’s renewable energy policy is successful.” The increasing reliance of the country on renewables is not only a testament to its commitment to sustainability but also a global leader in clean energy innovation.
Solar Power Leads Growth
Among the diverse renewable sources, solar power ranked high as one of the success factors in Portugal’s development in 2024. At 37% growth rate, investments and development in solar power have been deemed successful, alongside the conducive regional conditions for producing solar energy. While its share is just 10% in electricity mix, quite modest compared with hydro power and wind, it is expanding fast so swiftly that it may soon hold a larger share in the future.
In the past few years, the government and private sector have been highly supportive of solar projects, aiming to utilize Portugal’s sunny conditions and decrease dependence on imported fuels. This is in line with the general European Union targets of reaching carbon neutrality by 2050.
Natural Gas Consumption Hits a 20-Year Low
Another significant impact that Portugal’s shift to renewable power has triggered is the decrease in its dependence on natural gas, which hit a two-decade low during 2024. The consumption of the fossil fuel downed by 17% in 2024 even as total electricity demand reached its highest level since 2010. Natural gas now accounts for just 10% of the country’s power production.
This is a crucial step in reducing fossil fuel dependency. Portugal imports almost all of its natural gas, mainly from Nigeria and the United States. The reduction of natural gas use will not only enhance energy security but also contribute to the global effort to reduce greenhouse gas emissions.
The transition away from natural gas also highlights the resilience of Portugal’s energy system. Despite the reduced reliance on this non-renewable resource, the country has managed to meet growing electricity demand while advancing its environmental goals.
A Blueprint for Sustainability
The success of renewable energy in Portugal represents forward-thinking policy and investment into green technology that serves as an example for many other nations on how to manage economic growth coupled with environmental responsibilities. REN praised the endeavors, saying “Renewables are reshaping Portugal’s energy landscape, guaranteeing a resilient and sustainable future.
This change is not only towards quick environmental gains, but also to the long-term, stable energy supply framework. It was during this period that Portugal managed to and become an exemplar model of how a nation can cut carbon emissions while promoting innovation and economic prosperity.
Regional Cooperation is Boosting Progress
Portugal’s advancements in renewable energy are part of a larger regional push toward clean energy. The €2 billion investment by the Iberdrola-Norges Bank alliance for renewable projects in Spain and Portugal is a collaborative effort accelerating the energy transition. Such partnerships benefit the entire Iberian Peninsula by enhancing resource sharing, technological development, and funding for large-scale projects.
A Model for the Future
As Portugal continues to improve its renewable energy capabilities, it sets an inspiring example for the rest of the world. With hydropower, wind, solar, and biomass, the country has diversified its energy portfolio, making it much more resilient. The drastic decrease in natural gas consumption further speaks to its efforts to reduce its reliance on fossil fuels.
Thus, Portugal’s is a clear testament that sustainability does not have to be at odds with economic development. Instead, both can complement one another to realize a prosperous, environmentally responsible future. The milestone achieved by Portugal in 2024 cements its position in the global transition to clean energy and provides precious lessons for other parts of the world.