Commercial energy storage tender price in Portugal 2026

What does Portugal's energy storage tender mean for the energy transition?

Portugal’s government has announced the outcome of an energy storage tender that will see the installation of 500 MW of energy storage capacity to support the country’s energy transition. Energy storage battery. Photo by Anna Vasileva

How much does Portugal pay for energy storage projects?

With this in mind, the Portuguese Ministry of Energy announced on July 31 that it was awarding €99.75 million to a call for tenders for the installation of energy storage projects totalling 500 MW. Eligible projects can receive up to €30 million and be implemented at the transport and distribution level by the end of 2025.

Why is Portugal launching a solar energy storage project?

This initiative aims to enhance the flexibility and stability of Portugal's power supply system amid its record-breaking solar electricity production. On July 31, the ministry announced the allocation of €99.75 million through a call for tenders to install energy storage projects totaling 500 MW.

Does Portugal need energy storage?

From ESS News Portugal is seeking to promote flexibility and balance its power system with energy storage as it continues to break records for solar energy production. To this end, the country’s Ministry of Energy announced on Wednesday that it has allocated €99.75 million ($107.6 million) in a bid to support 500 MW of energy storage projects.

Will Portugal produce 80% renewable electricity by 2026?

As part of its new energy strategy, Portugal aims to produce 80% renewable electricity by 2026 and 85% by 2030. The strategy includes a target of 20.4 GW of operational PV systems by 2030, comprising 14.9 GW of large-capacity plants and 5.5 GW of decentralized generation.

Could energy storage be a business case for battery storage in Portugal?

It added that taxpayers will save €559 million over the next 15 years as a result of the auctions. Read about how experts at consultancy firm Clean Horizon view the inclusion of energy storage and the design of the tender as an “interesting first step” in creating a business case for battery storage in Portugal.