Irena energy storage Portugal

Portugal''s big auction, Spain''s big target: Energy

In the past few months Spain has announced a 2.5GW energy storage target by 2030 and Portugal is hosting a solar tender with a significant add-on option for storage, but tentative regulatory and market design steps

Renewable energy statistics 2023

The International Renewable Energy Agency (IRENA) produces comprehensive, reliable datasets on renewable energy capacity and use worldwide. Renewable energy statistics 2023 provides datasets on power-generation capacity for

Innovation outlook: Thermal energy storage

Thermal energy storage (TES) can help to integrate high shares of renewable energy in power generation, industry and buildings. This outlook from the International Renewable Energy Agency (IRENA) highlights key attributes of

Renewable energy statistics 2024

The International Renewable Energy Agency (IRENA) produces comprehensive, reliable datasets on renewable energy capacity and use worldwide. Renewable energy statistics 2024 provides datasets on power-generation capacity for

Renewable Power Generation Costs in 2022

In 2022, the global weighted average levelised cost of electricity (LCOE) from newly commissioned utility-scale solar photovoltaics (PV), onshore wind, concentrating solar power (CSP), bioenergy and geothermal energy all fell,

Decentralized electricity storage evaluation in the Portuguese

The incorporation of energy storage systems (ESS) can also increase existing or future RES efficiency, resilience, and ultimately their competiveness, as it allows a reduction of

Irena energy storage Portugal [PDF]

6 FAQs about [Irena energy storage Portugal]

What does Irena do?

IRENA promotes the adoption and sustainable use of all forms of renewable energy, including bioenergy, geothermal, hydroelectric, ocean, solar and wind energy for sustainable development, energy access, energy security and low carbon economic growth.

Does Portugal need energy storage?

Portugal is seeking to promote flexibility and balance its power system with energy storage as it continues to break records for solar energy production. To this end, the country’s Ministry of Energy announced on Wednesday that it has allocated €99.75 million ($107.6 million) in a bid to support 500 MW of energy storage projects.

What is the current status of energy storage in Portugal?

Concerning the current status of energy storage in Portugal, there is still a renewable energy surplus in the range of 800–1200 GW h ( Miguel et al., 2018) that is lost, mainly in Winter and Spring. Pumped hydro, based on reverse pumping systems installed in the large hydro plants is currently the dominant form of energy storage.

How much will Portugal spend on energy storage & grid flexibility?

The Portuguese Ministry of Energy has allocated €99.75 million ($107.6 million) for grid flexibility and energy storage projects which should be installed by the end of 2025. Portugal is seeking to promote flexibility and balance its power system with energy storage as it continues to break records for solar energy production.

Are there incentives for promoting energy storage technologies in Portugal?

Yet, the incentives for promoting storage technologies in Portugal, mainly those at decentralised level, are unclear. Our research also indicated that mechanisms for payment of flexibility services inherent to the use of energy storage devices are still missing.

What does Irena stand for?

IRENA Report - Renewable Energy Market Analysis: Africa and Its Regions In January 2022, the International Renewable Energy Agency (IRENA) published the report “Renewable Energy Market Analysis: Africa and Its Regions” developed in collaboration with the African Bank of Development (AfDB).

Solar Pro.