How much will Portugal spend on energy storage & grid flexibility?
The Portuguese Ministry of Energy has allocated €99.75 million ($107.6 million) for grid flexibility and energy storage projects which should be installed by the end of 2025. From ESS News Portugal is seeking to promote flexibility and balance its power system with energy storage as it continues to break records for solar energy production.
Does Portugal need energy storage?
From ESS News Portugal is seeking to promote flexibility and balance its power system with energy storage as it continues to break records for solar energy production. To this end, the country’s Ministry of Energy announced on Wednesday that it has allocated €99.75 million ($107.6 million) in a bid to support 500 MW of energy storage projects.
Will Portugal support 500MW of energy storage capacity by 2025?
Image: Wikicommons. Portugal is looking to support at least 500MW of energy storage capacity by the end of 2025 via grant support. The country’s Ministry of Environment and Energy has launched a competition for €99.75 million (US$107 million) for grid-scale energy storage projects at the transmission and distributed-scale.
Should energy storage be democratised in Portugal?
Energy storage is therefore essential if EU targets are to be met. Portugal’s installed energy storage capacity is still predominantly based on hydro pumping, which currently stands at 4,164 GW year. However, this paradigm is about to change with the democratisation of energy storage solutions through wind and solar production.
What is Portugal's power generation capacity?
Power generation capacity is around 22GW. Minister of Environment and Energy Maria da Graça Carvalho said: “This is a significant step towards Portugal’s energy independence and towards building a greener and more sustainable energy future.
How many GWh of electricity are generated in Portugal in 2023?
Between 1 January and 31 October 2023, 35,152 GWh of electricity were generated on the Portuguese mainland, of which 67.8 per cent came from renewable sources. The storage will be decisive for the long-awaited energy transition.
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