Portugal Renewables Report Q2 2015
BMI View: Growth in the Portuguese renewable energy market continues to be sluggish, with the country'sembattled economy weighing on prospects in the power and renewables industries. The wind sectordominates the renewables mix. We do not expect growth to pick up markedly as investor sentiment remainslow and the renewables project pipeline is limited.
Portugal has been pursuing a green energy agenda since 2001, adopting the E4 Programme (EnergyEfficiency and Endogenous Energies) in the same year. This set goals for renewable power generation, inline with the wider EU Directive on renewable energy. The target was set at achieving a 39% share ofrenewable energy sources for gross electricity consumption by 2010, and a 31% share of renewable energysources for total energy consumption by 2020. However, Portugal has since upped these targets and nowaims to reach a 60% renewables share in its electricity production by 2020.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook