Portugal significantly reduces its dependence on fossil fuels

Portugal reached a historic milestone in 2024, reducing the share of fossil fuels to 10% of its electricity production. This result places the country among the European leaders in energy transition.

Share:

Comprehensive energy news coverage, updated nonstop

Annual subscription

8.25€/month*

*billed annually at 99€/year for the first year then 149,00€/year ​

Unlimited access • Archives included • Professional invoice

OTHER ACCESS OPTIONS

Monthly subscription

Unlimited access • Archives included

5.2€/month*
then 14.90€ per month thereafter

FREE ACCOUNT

3 articles offered per month

FREE

*Prices are excluding VAT, which may vary depending on your location or professional status

Since 2021: 35,000 articles • 150+ analyses per week

By 2024, Portugal had established itself as a key player in the reduction of fossil fuels in Europe.
In just seven months, the country reduced its electricity production from natural gas by 60%, reaching a record level of 21.76 TWh of clean energy, according to Ember data.
This success is based on the boom in renewable infrastructures, with a notable increase in solar, wind and hydroelectric production.
New projects, such as the Tamega dam (1,158 MW) and the Cerca solar farm (202 MW), have reduced the share of fossil fuels in the national energy mix to 10%.
This progress has also led to a significant reduction in CO2 emissions, which now stand at an all-time low of 2.12 million tonnes for the first seven months of the year.

The drivers of energy transformation

Diversification of energy sources has been crucial for Portugal. Hydropower benefited from favorable weather conditions and optimized resource management, with a 67% increase in production from pumped storage facilities and 70% growth in river production compared with 2023.
As a result, hydropower’s share of the energy mix has risen to 35.3%, compared with 20.7% the previous year.
At the same time, solar and wind power consolidated their role in the country’s energy landscape.
Solar power accounted for 13.3% of electricity production, while wind power reached 33.1%, testifying to the steady progression of these sources in the energy mix.

Long-term prospects and strategies

The Portuguese government has set ambitious targets for 2030, aiming for 51% of final energy needs to be covered by renewable energies.
Among the flagship projects, the Alqueva floating solar farm stands out for its innovative approach, combining solar power, hydroelectricity and battery storage for an annual production of 7.5 GWh.
In addition, the extension of wind power capacity, notably with offshore projects, is currently being evaluated.
This momentum, underpinned by sound government policies and rigorous strategic planning, has put Portugal at the forefront of Europe’s energy transition.
The country’s performance in reducing fossil fuels and increasing renewable production offers a model for other European nations to follow, at a time when decarbonization is becoming a global priority.

The government confirmed that the majority sale of Exaion by EDF to Mara will be subject to the foreign investment control procedure, with a response expected by the end of December.
A week before COP30, Brazil announces an unprecedented drop in greenhouse gas emissions, driven mainly by reduced deforestation, with uneven sectorial dynamics, amid controversial offshore oil exploration.
The Catabola electrification project, delivered by Mitrelli, marks the first connection to the national grid for several communities in Bié Province.
The Algerian government plans a full upgrade of the SCADA system, managed by Sonelgaz, to improve control and supervision of the national electricity grid starting in 2026.
Facing annual losses estimated at up to $66mn, SEEG is intensifying field inspections and preparing the rollout of smart meters to combat illegal connections.
The British government confirms its ambition to decarbonise the power sector by 2030, despite political criticism and concerns over consumer energy costs.
Enedis plans a €250mn ($264mn) investment to strengthen Marseille’s electricity grid by 2030, including the full removal of paper-insulated cables and support for the port’s electrification.
Energy ministers coordinate investment and traceability to curb China’s dominance in mineral refining and stabilize supply chains vital to electronics, defense, and energy under a common G7 framework.
Electricity demand, amplified by the rise of artificial intelligence, exceeds forecasts and makes the 2050 net-zero target unattainable, according to new projections by consulting firm Wood Mackenzie.
Norway's sovereign wealth fund generated a €88 billion profit in the third quarter, largely driven by equity market performances in commodities, telecommunications, and finance.
The German regulator is preparing a reform favourable to grid operators, aiming to adjust returns and efficiency rules from 2028 for gas pipelines and 2029 for electricity networks.
Bill Gates urges governments and investors to prioritise adaptation to warming effects, advocating for increased funding in health and development across vulnerable countries.
The Malaysian government plans to increase public investment in natural gas and solar energy to reduce coal dependency while ensuring energy cost stability for households and businesses.
The study by Özlem Onaran and Cem Oyvat highlights structural limits in public climate finance, underscoring the need for closer alignment with social and economic goals to strengthen the efficiency and resilience of public spending.
Oil major ExxonMobil is challenging two California laws requiring disclosure of greenhouse gas emissions and climate risks, arguing that the mandates violate freedom of speech.
The European Court of Human Rights ruled that Norway’s deferral of a climate impact assessment did not breach procedural safeguards under the Convention, upholding the country’s 2016 oil licensing decisions.
Singapore strengthens its energy strategy through public investments in nuclear, regional electricity interconnections and gas infrastructure to secure its long-term supply.
As oil production declines, Gabon is relying on regulatory reforms and large-scale investments to build a new growth framework focused on local transformation and industrialisation.
Cameroon will adopt a customs exemption on industrial equipment related to biofuels starting in 2026, as part of its new energy strategy aimed at regulating a still underdeveloped sector.
Facing a persistent fuel shortage and depleted foreign reserves, the Bolivian parliament has passed an exceptional law allowing private actors to import gasoline, diesel and LPG tax-free for three months.

All the latest energy news, all the time

Annual subscription

8.25€/month*

*billed annually at 99€/year for the first year then 149,00€/year ​

Unlimited access - Archives included - Pro invoice

Monthly subscription

Unlimited access • Archives included

5.2€/month*
then 14.90€ per month thereafter

*Prices shown are exclusive of VAT, which may vary according to your location or professional status.

Since 2021: 30,000 articles - +150 analyses/week.