Portugal has unveiled a bold energy plan aiming to boost the share of renewable energy in electricity consumption to 93% by 2030. This plan, disclosed in an updated draft and scheduled for public consultation until September 5 before proceeding to parliament, represents a significant effort to combat climate change. In 2023, renewable sources will have already provided 61% of Portugal’s electricity, one of the highest rates in Europe. The previous target for 2030, set by the former socialist government, was 85%. The new goal reflects an ambitious commitment to enhance sustainability and energy security.

However, the draft also revises the target for green hydrogen production, reducing it by 45%. Portugal is just beginning to install electrolyzers for producing green hydrogen, with current production levels being minimal. The revised plan includes increasing the country’s renewable energy capacity to 42.9 gigawatts by 2030, which is double the current capacity. This expansion includes 12.4 gigawatts of wind power, including 2 gigawatts from offshore projects, and a significant increase in solar power capacity to 20.8 gigawatts. Despite lowering the electrolyzer target, Portugal remains focused on achieving its broader climate goals, including reducing greenhouse gas emissions by 55% from 2005 levels and attaining carbon neutrality by 2045. The draft emphasizes Portugal’s favorable conditions for developing a green hydrogen industry due to its low-cost renewable electricity production, aiming to attract investment and drive competitiveness in the energy sector.