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New figures released in May 2026, by Statistics Portugal, highlight the remarkable progress the country has made in expanding renewable energy production, increasing installed capacity and reducing reliance on imported energy sources.
In 2024, domestic energy production reached its highest level on record, totalling 8,018 kilotonnes of oil equivalent (ktoe).
The increase was driven largely by stronger hydroelectric and solar generation.
Portugal’s electricity sector has become a standout example of the energy transition in action.
Renewable sources accounted for an impressive 86.2% of all electricity generated during 2024, underlining the country’s ability to harness its abundant natural resources, including sunshine, wind and water.
The rapid expansion of renewable infrastructure is also helping to reshape the national energy landscape. Installed renewable energy capacity reached 20,777 megawatts (MW), representing more than three-quarters of the country’s total electricity generation capacity.
Solar power has emerged as a particularly strong growth area, with photovoltaic capacity increasing by 45.6% in just one year.
Portugal’s progress is even more striking when viewed against the wider European backdrop.
The share of renewable energy in the country’s gross final energy consumption reached 36.3% in 2024, significantly above the European Union average of 25.2%.
In electricity generation, Portugal’s renewable share stood at 65.8%, comfortably ahead of the EU average of 47.5%.
The transport sector remains one of the most complex areas of the energy transition.
Although renewable energy accounted for 14.3% of energy consumption in transport - above the EU average of 11.2% - the sector continues to rely heavily on fossil fuels and represents the largest challenge on the path towards Portugal’s 2030 climate objectives.
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Portugal Pathways has supported hundreds of Golden Visa residency-by-investment applications and provides expert guidance through its professional supply chain network on estate planning, wealth management, Golden Visa and tax optimisation, including post-NHR / IFICI tax regime planning, as well as private healthcare, money transfers and bespoke relocation and luxury real estate solutions to enhance life and investment in Portugal
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