Portugal Wind Power Market Size and Trends by Installed Capacity, Generation and Technology, Regulations, Power Plants, Key Players and Forecast, 2021-2030
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The report discusses the renewable power market in the country and provides forecasts for up to 2030. The report highlights installed capacity and power generation trends from 2010 to 2030 in Portugal’s wind power market. Detailed coverage of the renewable energy policy framework governing the market is provided in the report. The report also provides company snapshots of some of the major market participants. The report is built using data and information sourced from proprietary databases, secondary research, and in-house analysis by GlobalData’s team of industry experts.
The Portugal wind power market size was valued at 5,502 MW in 2020. The market is projected to grow at a CAGR of less than 1% during the forecast period. Asset transactions were recorded as the maximum number of deals followed by acquisition and debt offerings. Onshore wind was the dominant source of generation in the wind power market in Portugal.
Overview of the wind power market in Portugal
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What are the market dynamics in the wind power market of Portugal?
The implementation of renewable energy policy in Portugal rests with the government while policy development is done by the Directorate-General for Energy and Geology (DGEG) and the Energy Services Regulatory Authority (ERSE). As per the European Union (EU) mandate, the Portuguese government submitted its National Energy and Climate Plan (NECP) 2021-2030 in December 2019. Under its NECP the government has set a target of generating 47% of energy from renewable sources in its gross final energy consumption by 2030. The government also aims to achieve net carbon neutrality by 2050. To achieve this the country introduced a long-term plan called ‘Roadmap to Carbon Neutrality 2050’ – Roteiro para a Neutralidade Carbónica (RCN2050).
The government of Portugal aims to reduce total Green House Gas (GHG) emissions by 45%-55% by 2030. To support the growth of renewables, the country provided Feed-in Tariffs (FiT) which was pivotal in the growth of renewable power plants in Portugal. However, after FiTs were stopped for new power plants in 2012, the country introduced alternative support schemes for small renewable power plants and auctions for large power plants.
Which are the major active wind power plants in Portugal?
The major active wind power plants in Portugal are Alto da Coutada, Pinhal Interior, Gardunha, Pampilhosa, Terras Altas de Fafe, Penamacor, Toutico_Arganil, Caramulo, Lousa, and Chao Falcao.
What are the key deal types in Portugal’s wind power market?
The wind power market recorded more than 60 deals (including partnership deals) in 2020. Out of them, asset transactions had the highest share of deals followed by acquisition, debt offerings, partnerships, equity offerings, and venture financing.
Portugal wind power market, by deal type
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Which are the major players in Portugal’s wind power market?
The key players in the Portugal wind power market are New Finerge SA, Energias de Portugal SA, Sinersol Lda, Martifer SGPS S.A, and Empresa de Electricidade da Madeira SA.
New Finerge SA: Finerge SA (Finerge), a subsidiary of First Sentier Investors (Australia) IM Ltd, is a renewable energy company. It develops, constructs, acquires, and operates wind farms and solar plants across Portugal and Spain. The company’s project portfolio includes wind plants such as Picos – Vale do Chao, Alto do Marco, Aguieira, Serra da Nave, Toutico, Videira and solar plants such as Tejo Rei.
Energias de Portugal SA: Energias de Portugal SA (EDP) is a vertically integrated energy utility. It generates, transmits, distributes and sells electricity, and transports, distributes, and sells natural gas. The company produces electric energy using hydro, coal, nuclear, waste, wind, solar, and other sources.
Sinersol Lda: Sinersol Lda (Sinersol) is an energy company that offers renewable energy solutions. The company’s product portfolio includes self-consumption. It also offers services such as photovoltaic, solar thermal, and wind power. Sinersol provides systems for heating support and swimming pools, AQS, and thermal solar to sanitary hot water to private clients. The company also offers solutions for gardens and public lighting and traffic signaling and provides a self-consumption system for solar photovoltaic, and wind.
Martifer SGPS SA: Martifer SGPS S.A. (Martifer) is an industrial holding company. The company through its subsidiaries provides construction services to metal mechanical structures, aluminum and glass facades, and infrastructure facilities. It promotes and develops renewable energy projects in the wind sector.
Empresa de Electricidade da Madeira SA: Empresa de Electricidade da Madeira SA (EEM) is an electric utility that generates, transmits, transports, and distributes electricity in the region of Madeira. The utility generates power from thermoelectric and hydroelectric power stations and wind farms. It offers network low voltage, medium voltage networks, posts transformation, and public lighting distribution services.
Portugal wind power market, by key players
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Market report scope
Market size (Year – 2020) | 5,502 MW |
Growth rate (CAGR) | <1% |
Base year for estimation | 2020 |
Forecast period | 2021-2030 |
Key deal types | Asset Transactions, Acquisitions, Debt Offerings, Partnerships, Equity Offerings, and Venture Financing |
Key players | New Finerge SA, Energias de Portugal SA, Sinersol Lda, Martifer SGPS S.A, and Empresa de Electricidade da Madeira SA |
The report analyses Portugal’s wind power market. The scope of the research includes:
- A brief introduction to global carbon emissions and global primary energy consumption.
- An overview of the country’s renewable power market, highlighting installed capacity trends (2010-2030), generation trends (2010-2030), and installed capacity split by various renewable power sources.
- Detailed overview of the country’s wind power market with installed capacity and generation trends and major active and upcoming wind power projects.
- Deal analysis of the country’s wind power market.
- Key policies and regulatory framework supporting the development of wind power sources.
- Snapshots of some of the major market participants in the country.
Reasons to Buy
- Enhance your decision-making capability in a more rapid and time-sensitive manner.
- Identify key growth and investment opportunities in the country’s wind power market.
- Facilitate decision-making based on strong historic and forecast data for the wind power market.
- Position yourself to gain the maximum advantage of the industry’s growth potential.
- Develop strategies based on the latest regulatory events.
- Identify key partners and business development avenues.
- Understand and respond to your competitors’ business structure, strategy, and prospects
Energias de Portugal SA
Sinersol Lda
Martifer SGPS S.A
mpresa de Electricidade da Madeira SA
Table of Contents
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Frequently asked questions
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What was Portugal’s wind power market size in 2020?
The Portugal wind power market size was valued at 5,502 MW in 2020.
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What is Portugal’s wind power market growth rate?
The wind power market in Portugal is expected to grow at a CAGR of almost 1% during the forecast period.
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Which are the major active wind power plants in Portugal?
The major active wind power plants in Portugal are Alto da Coutada, Pinhal Interior, Gardunha, Pampilhosa, Terras Altas de Fafe, Penamacor, Toutico_Arganil, Caramulo, Lousa, and Chao Falcao.
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What are the top deal types in Portugal’s wind power market?
The wind power market in Portugal recorded more than 60 deals (including partnership deals) in 2020. Out of them, asset transactions had the highest share of deals followed by acquisition, debt offerings, partnerships, equity offerings, and venture financing.
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Which are the key players in Portugal’s wind power market?
The key players in the Portugal’s wind power market are New Finerge SA, Energias de Portugal SA, Sinersol Lda, Martifer SGPS S.A, and Empresa de Electricidade da Madeira SA.
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