Portugal hits 1 GW milestone
Portugal’s Directorate General of Energy and Geology recently published its latest renewable energy statistics, including figures for the autonomous regions of the Azores and Madeira.
At the end of October, the country’s installed renewables capacity stood at 14.5 GW, with PV accounting for about 1.03 GW of the total. Newly installed solar capacity for the first 10 months was 124 MW, largely represented by unsubsidized, large-scale PV plants that were connected to the Portuguese grid this year.
The country’s installed PV base covers around 3% of total national power demand. However, this percentage is expected to grow significantly in the years ahead, as the Portuguese authorities allocated around 2 GW of solar capacity in the country’s first two PV auctions.
Another 3.5 GW of solar capacity may also be modified in the months ahead, as grid operator REN has promised to award more approvals to connect large solar plants to its network, provided that developers assume the burden of strengthening the transmission grid.
One example of such a project is the 257 MW installation that Spanish utility Endesa and Portuguese developer Hyperion plan to develop in the municipality of Évora. The Divor plant will be built with 571,111 solar panels and a 10 MW storage system, with two hours of autonomy. It is expected to generate 400,000 MWh of electricity per year.
By the end of 2011, Portugal only had 174 MW of installed PV capacity. That means that over the past decade or so, it has expanded its cumulative PV installations by an average annual growth rate of more than 50%.
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[…] France and Portugal are also expected to be winners by 2024, with the 5% of the market accounted for by France’s 900 MW of new solar this year set to double to 10% – 3.51 GW – in four years’ time. With Portugal’s 500 MW of new solar this year having more than doubled the 200 MW added in 2019, the Iberian nation claimed 3% of the European market and that figure is expected to more than double by 2024, when Portugal will add 2.46 GW for 7% of the pie. Italy is also expected to gain ground, with the 4% market share accounted for by its 800 MW this year set to climb to 6%, and 2.1 GW, in 2024. […]