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Portugal Will Build 31 New Solar Power Plants In 2021
- Aug 14, 2018 -

Portugal will build 31 new solar power plants in 2021

By 2021, Portugal will have built 31 new solar power plants, tripling the installed capacity of solar power from the current 572 MW to nearly 1,600 MW, with a total value of about 800 million euros ($920 million).

Portugal once used renewable energy to meet 100% of its electricity needs, mainly from hydropower and wind power. According to the Portuguese Electric Power Company, the country's green power plants produced 521 gigawatt-hours of electricity between March 9 and March 12, while the country's electricity consumption was 408 gigawatt-hours. Renewable energy accounts for 100% of Portugal's electricity use nationwide, reaching a record 69 hours, of which wind power is the largest contributor, meeting 65% of the 69-hour demand.

It is wise to balance solar power with hydropower and wind power as the cost of solar power generation and the cost of energy storage in battery systems have been declining in recent years.

According to the Portuguese Renewable Energy Association and the Sustainable Earth Systems Association, "Portugal's goal is to rely entirely on renewable energy to generate electricity, and it is expected that by 2040 renewable energy will be able to ensure the total annual electricity consumption of Portugal in a cost-effective manner. One of the economic benefits of total reliance on renewable energy is the cessation of fossil fuel subsidies, which the Portuguese government recently suspended from paying producers about 20 million euros a year, mostly for fossil fuel plants.

Any surplus electricity can be exported, and the net export balance of the Portuguese power system is 249 gigawatt-hours, worth 2.4 billion euros. Given the emergency in the French electricity sector and the harsh weather conditions in Central Europe, electricity export prices are expected to continue to rise.