This transformation not only lights up homes and businesses but also offers a glimpse into a sustainable future. “What if every rooftop could harness the sun’s power, and every community could thrive on clean energy?”

In a bold announcement, Portugal recently surpassed its entire solar output from 2023 by September 2024, celebrating a record year for solar energy production. According to REN (Rede de Energia Nacional), the country generated more than 3.99 TWh of solar energy in just the first nine months, exceeding last year's total of 3.6 TWh. “I think we all can make changes”, that contribute to a greener future, and Portugal is leading by example.

While Portugal thrives, the International Energy Agency (IEA) warns that the global target set during COP28 to triple renewable energy capacity by 2030 may be in jeopardy. The IEA’s latest report suggests that worldwide renewable capacity is only expected to increase by 2.7 times from 2022 to 2030, a figure that falls short of the ambitious goals set by many nations, including Portugal. Despite this, the report reveals that renewable sources are poised to supply half of global electricity demand by 2030, marking a significant turning point in energy production.

Portugal stands as a beacon of hope amid these challenges. The country has emerged as a leader in renewable energy, with solar energy contributing to 73% of national consumption. The remarkable increase in renewable energy generation reflects not only the growing capacity of Portugal’s infrastructure but also a societal shift toward sustainability. With the arrival of 2024, expectations are high for another record-breaking year in solar energy production.

While the IEA anticipates that China will account for nearly 60% of all new renewable energy capacity between 2024 and 2030, Portugal’s unique position as an innovator in the sector cannot be overlooked. The country is increasingly viewed as a model for integrating renewable technologies, focusing on community-driven initiatives that promote local energy production and consumption.

Local initiatives are pivotal. For example, Portugal is fostering partnerships between universities, businesses, and government bodies to cultivate homegrown talent and expertise in renewable energy. These collaborations create a thriving ecosystem that not only enhances the country's energy infrastructure but also offers job opportunities for young professionals eager to contribute to a sustainable future.

However, to meet the ambitious targets laid out in international agreements, the IEA emphasizes the need for decisive action from governments worldwide. By addressing political uncertainties, streamlining licensing processes, and modernizing energy grids, the goal of tripling renewable capacity by 2030 could still be within reach. Notably, 70 countries, which account for 80% of the global renewable energy capacity, are projected to meet or exceed their renewable energy targets.

As we look ahead, Portugal’s renewable energy journey inspires not just its citizens but also the global community. Imagine a world where cities thrive on clean energy, where local businesses harness the sun’s power, and where communities rally together for a sustainable future. The momentum is building, and with it comes a renewed sense of hope and determination.

Portugal’s transformation is more than just about energy production; it’s a narrative of resilience, innovation, and community spirit. As the country forges ahead, its commitment to renewable energy serves as a powerful reminder that a brighter, greener future is possible, and it begins with each of us.

Author

Paulo Lopes is a multi-talent Portuguese citizen who made his Master of Economics in Switzerland and studied law at Lusófona in Lisbon - CEO of Casaiberia in Lisbon and Algarve.

Paulo Lopes