According to Portugal’s energy grid operator Redes Energéticas Nacionais (REN), renewable power generation supplied 61% of Portugal's electricity consumption in 2023 (31.2 TWh), surpassing the 49% renewable generation achieved in 2022. Wind accounted for 25% of the power consumption, followed by hydropower with 23%, solar PV with 7% and biomass with 6%. Hydropower generation rose by 70% after a particularly dry year in 2022, while solar PV generation increased by 43% thanks to a gradual increase in its installed capacity. Non-renewable (thermal) power generation supplied only 19% of the total energy consumption (10 TWh, its lowest level since 1988).
Electricity consumption grew by 0.8% in 2023 (+0.6% correcting the calendar and temperature effects), while natural gas consumption fell by 21% from 2022, reaching the lowest levels seen since 2014, due to a 42% decrease in the power generation segment and a 3% decrease in the conventional segment. Most of the gas imports came from the Sines LNG terminal (95%, with 42% of the domestic supply from Nigeria and 40% from the United States) and the remaining 5% from the interconnection with Spain.
Portugal’s updated NECP set a new target of 49% of the renewables’ contribution in final energy consumption in 2030 (up from 47% before), increasing its goals from 80% to 85% for electricity, from 38% to 47% for heating and cooling, and from 20 to 23% in transport.
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