Portugal Achieves 71% Renewable Electricity in 2024: A Model for Private IPP Partnership
The target was reached with renewable sources and the energy mix was primarily composed of hydroelectric power at 28%, wind energy at 27%, solar photovoltaic at 10%, and biomass at 6%.
Notably, our country operates without nuclear power plants, underscoring its commitment to clean and safe energy
Beyond its energy achievements, Portugal is a true Atlantic paradise, with regions like the Azores and Madeira leading in marine conservation and renewable energy initiative.
In contrast, France relies heavily on nuclear energy , with approximately 67% of its electricity generated from nuclear reactors in 2024. This reliance has facilitated lower wholesale electricity prices, averaging €58 per megawatt-hour.
However, France’s nuclear sector faces significant challenges, including aging infrastructure, project delays, and financial concerns. For instance, the Flamanville 3 reactor has experienced substantial delays and cost overruns, highlighting the complexities of nuclear energy projects.
These contrasting approaches underscore the diverse strategies nations employ to achieve energy security and sustainability.
Portugal’s investment in renewables showcases a path toward a greener future , while France’s experience highlights the benefits and challenges of a nuclear-dependent energy policy.
This significant contribution from renewables underscores Portugal’s commitment to sustainable energy and positions the country as a leader in renewable electricity generation within Europe.
Portugal through the commitment of Ministério do Ambiente e Energiaand its minister Maria Da Graça Carvalhoand RENwill increase substantially the REnewable sources incorporation in the Power mix very soon, through the release of the Direct Agreements – Termos de Referência studies for the batch of 5GW/1GW, that do not burden the Electricity Consumers with extra costs, like Floating Offshore does, and are supported by the IPP companies, together hand in hand with the República Portuguesa – XXIV Governoand prime minister hashtagLuisMontenegrocommitments.
The IPP companies also wait for a very competitive value of the TSO/DSO Grid Infrastructure upgrade, in order hashtagPortugalcan comply with its hashtagPNEC2030targets
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