|Generation, Non-Hydropower Renewables, TWh||15.620||15.340||15.880||16.250||16.540||16.800||17.130||17.540||18.020||18.570||19.230|
|Generation, Non-Hydropower Renewables, % y-o-y||4.020||-1.740||3.480||2.330||1.770||1.580||1.980||2.380||2.730||3.100||3.530|
|Capacity, Non-Hydroelectric Renewables, MW||6,170.1||6,377.6||6,565.8||6,749.8||6,898.5||7,015.6||7,136.4||7,261.0||7,390.1||7,524.4||7,661.4|
|Capacity, Non-Hydroelectric Renewables, % y-o-y||2.8||3.4||3.0||2.8||2.2||1.7||1.7||1.8||1.8||1.8||1.8|
Latest Updates and Structural Trends
The political uncertainties as well as ongoing economic competitiveness issues have led to a downward revision of all renewable sub-sectors growth rates for our ten-year forecast, as delayed structural reforms continue to undermine Portugal's economic shift away from private consumption-dependence towards a production, investment and export-oriented economy .
During 2016, Portugal's total generation from non-hydropower renewables will be 15.34TWh, which represents some almost 32% of total electricity generation with a generation capacity of 6.37GW..
The first draft of the government's economic and social development plan 2016-2019, published in January 2016, is suggesting an investment focus on solar power for the next three years.
France-based private equity firm Omnes Capital sold 110MW of European wind and solar energy assets in France and Portugal to Swiss renewable energy firm EOS Holding in February 2016. The sale involved four wind plants with a total capacity of 50MW and four solar projects totalling 60MW.
In December 2015, Portuguese renewables developer Muki Solar submitted a licence application for 1GW's worth of solar projects to the General Directorate for Energy and Geology.
In November, EDP came to an agreement with four partners to develop the 25MW Windplus floating offshore wind project, which is scheduled to commission in 2018. The project is receiving USD27.2mn from the European Commission.
In late October 2015, EDP took full ownership of 613MW's worth of wind capacity, previously owned by the Eolicas de Portugal consortium, formed of EDP, Italy's Enel Green Power and Genergy. The takeover had been approved in August, and will raise EDP's renewable capacity in the country to 1,243MW.
The Pico Alto geothermal development on Terceira Island will be expanded during 2016 from 25MW to 38.68MW. The Azores government has also announced it will invest USD24.2m during 2016 to boost renewable developments on the islands. The Azores government aims to achieve 56% renewables generation by 2019. When the Pico Alto expansion commissions, it will be around 30%.
The Portugal Renewables Report researched at source contains BMI Research's assessment of the current renewables market in Portugal. The report also contains historical data together with forecasts to end-2018 covering electricity generation (TWh) and electricity capacity (MW).
The renewables sectors covered in the report include Wind, Solar, Geothermal, Tidal and Wave, and Biomass (See Table of Contents for exact coverage). The report also features details on government green energy agendas and funding opportunities, as well as presenting a detailed list of key renewables projects currently being planned or undertaken in Portugal, their capacity, the timeframe of construction and their current status.
The report discusses the various energy policies currently in force, including targets, subsidies and the relevant infrastructure developments or limitations which might impact on renewables growth, analysing the potential effects of regulatory changes in conjunction with the background macroeconomic outlook. Finally, there is a general overview of the competitive landscape in Portugal, together with a detailed summary of the main utilities and manufacturers present and their business operations.
BMI's Portugal Renewables Report provides industry professionals and strategists, sector analysts, investors, trade associations and regulatory bodies with unique independent forecasts and competitive intelligence on the Portugal renewables industry.
- Benchmark BMI's independent renewables industry forecasts for Portugal to test other views - a key input for successful budgeting and planning in the renewables market.
- Target business opportunities and risks in the Portugal renewables sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in the country.
BMI Industry View
Summary of BMI's key industry forecasts, views and trend analysis covering the renewables market in Portugal, regulatory changes, major investments and projects and significant multinational and national company developments.
Industry SWOT Analysis
Analysis of the major Strengths, Weaknesses, Opportunities and Threats within the renewables sector and within the broader political, economic and business environment.
BMI Industry Forecasts
Historic data series (2010-2012) and forecasts to end-2018 for electricity generation (TWh) and electricity generating capacity (MW) for each individual renewables sector present in the country.
These in turn are broken down into:
Electricity Generation: Overall capacity (TWh), growth % change year-on-year, KWh per capita, % of Total Non-Hydropower renewables generation, % of total electricity generation.
Electricity Capacity: Overall capacity (MW), growth % change year-on-year, % of non-hydroelectric renewables capacity and % of total capacity.
These forecasts are in turn supported by explicit assumptions, in conjunction with analysis of the key risks to the main forecast.
Business Environment Rankings
BMI's Renewables Business Environment Rankings provide fully comparable Risk-Reward Rankings aimed at investors in the regional renewables market.
The rankings methodology makes sophisticated use of various industry, economic and demographic data point.