Portugal to build 500MW energy storage project

The energy storage system is the key support for ensuring the safe and stable operation of the new power system. The application of the energy storage system is of great significance to ensuring the safety and stability of the power system.

Portugal’s Ministry of Energy has reportedly allocated €99.75 million to support 500MW of energy storage projects.

Portugal's renewable energy is developing rapidly. With the support of national policies, in January 2024, Portugal's renewable energy generation met 81% of the country's electricity demand. In February, the proportion was 88%. In March, the proportion was 91%, and in April, the proportion was 95%.

Portugal’s latest energy strategy aims to generate 80% of the country’s electricity from renewable sources by 2026, and 85% by 2030. The revised plan sets a target of 20.4 GW of operational PV systems by 2030, including 14.9 GW from utility-scale plants and 5.5 GW from distributed generation.

With the continuous advancement of technology and the continuous expansion of application scenarios, energy storage systems will play a more important role in the future energy structure.