Portugal is taking significant strides towards a sustainable future by setting ambitious targets for solar energy and green hydrogen.
The country aims to surpass its original commitments, reduce greenhouse gas emissions, and ultimately become carbon neutral by 2045. With an increased focus on renewable energy, Portugal is on track to decommission natural gas-fired power plants by 2040, signaling its commitment to combating climate change and embracing clean technologies.
Portugal has submitted an updated draft of its energy and climate goals, surpassing its previous commitments, to the European Commission. The country aims to achieve a 55% reduction in greenhouse gas emissions by 2030, compared to 2005 levels, further raising the bar for environmental sustainability. Additionally, Portugal is exploring the possibility of reaching carbon neutrality by 2040, five years ahead of its initial target.
To achieve its ambitious goals, Portugal plans to significantly increase its installed renewable energy capacity. The country aims to have a total installed capacity of 42.8 gigawatts (GW) by 2030, a substantial increase from the previous target of 27.4 GW. This expansion will require approximately €75 billion ($81.80 billion) in investment, primarily from private sources, in various green energy projects.
Portugal’s solar capacity is set to soar, with a target of 21 GW by 2030. This represents a substantial increase from the previous plan of 9.3 GW and is eight times higher than the capacity in operation in the previous year. Additionally, the country aims to develop 5.5 GW of electrolyser capacity to produce green hydrogen by 2030, an increase from the previous forecast of 2.5 GW. This significant investment in solar energy and green hydrogen will play a crucial role in decarbonizing Portugal’s energy sector.
As part of its commitment to clean energy, Portugal plans to reduce the capacity of natural gas-fired power plants to 3.8 GW by 2030, down from the current 5 GW. The country is also considering banning natural gas-fired power plants by 2040, provided that security of supply is ensured. This transition away from fossil fuels signifies Portugal’s determination to embrace renewable energy sources and reduce its reliance on traditional, carbon-intensive power generation.
While Portugal’s ambitious goals and targets are commendable, challenges lie ahead. The country must secure substantial investments to fund the expansion of renewable energy infrastructure. Additionally, maintaining grid stability and ensuring a secure energy supply during the transition will require careful planning and coordination.
Portugal’s commitment to doubling its solar and green hydrogen goals showcases its determination to lead the way in the clean energy transition. By surpassing its previous commitments, the country is positioning itself as a champion of sustainability and climate action. Through significant investments and ambitious targets, Portugal is paving the way for a greener and more sustainable future, contributing to the global efforts to combat climate change.