According to Prime Minister Antonio Costa, Portugal anticipates holding its first offshore wind energy auction during the fourth quarter of this year with a goal of installing 10 GW of capacity by 2030. He stated during a state visit to Cape Verde that the administration will this week begin a public hearing regarding suggestions for the delimitation of regions to permit the deployment of wind farms off the nation’s Atlantic coast. By 2030, Portugal wants to have 10 GW of offshore wind energy capacity.
We’ll start our first offshore wind energy auction by the fourth quarter of this year, Costa continued. Portugal has 5.6 GW of onshore wind power and 7.3 GW of hydroelectric power, which combined account for 83% of the country’s installed capacity. Russia’s invasion of Ukraine has created an energy crisis that is forcing nations to increase their reliance on renewable energy sources like wind and solar. The offshore wind industry’s last frontier, floating wind technology, has gained popularity in nations including Britain, France, and several regions of southeast Asia. Off its Atlantic coast, Portugal has a tiny 25-megawatt floating wind project. By 2026, the nation hopes to increase the proportion of renewable energy in its electricity consumption from the current 60%, which is currently among the highest in Europe, to 80%.