Average office building energy storage price per 1GW in Portugal

How much energy does Portugal use per m2?

In 2022, Portugal’s residential sector accounted for 18.8% of the total energy consumption (3.1 Mtoe). Space heating consumption per m² (adjusted for climate) was 3.1 koe/m², representing a 24.6% increase since 2000, (1%/year on average), with however significant fluctuations: a 2.4% drop from 2020 to 2021, followed by a 12.6% increase in 2022.

Which sector consumes the most energy in Portugal in 2022?

In 2022, the final energy consumption in Portugal was 16.3 Mtoe, 5% lower than in 2000. The transport sector remained the largest energy consumer, accounting for 35.7% of the final energy consumption, followed by the industry sector with 27.5%, the residential sector with 18.8%, and the services sector with 14.9%.

Why is renewable capacity important in Portugal?

Now that Portugal is increasingly decommissioning fossil fuel plants, the need to ramp-up the growth and expansion of renewable installed capacity is being brought into sharper focus. Similarly, the need to invest in suitable alternatives and instruments to optimize renewable capacity is also becoming increasingly important.

What is the new legal framework for energy storage?

In order to attract further investment and speed-up implementation, the new legal framework, which was published in the beginning 2022, provides a framework for standalone energy storage, subject to the previous control procedure, and to be owned by third parties who are separate from the power plant developers.

How are energy storage projects remunerated?

Storage projects are remunerated according to market rules, as the production facilities that inject electricity into the public network. The implementation of energy storage projects by public entities is subject to public procurement rules, requirements and related regulations.