Why Portugal
















Why Portugal? A world leader in new energies and technological innovation

The Lisbon Energy Summit & Exhibition, now in it's second year, is taking place in Portugal, a world leader in new energies and technological innovation.  


- In our home markets of Spain and Portugal – Spain is #7 globally in installed capacity, projected to rise to #5

- Portugal has just concluded a floating solar auction, in which it broke a new record, setting the lowest energy price in the world 

- Portugal is building Europe’s largest solar farm – by Iberdrola – which will cover over 100 acres and rank #5 in the World

- Spain has a 4GW pipeline of new solar projects waiting to be built.

- The Lisbon Energy Summit & Exhibition will focus on project developers and utilities aiming to deliver these large scale projects

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Batteries & Electric Vehicles

- Portugal has one of the highest EV penetrations in Europe, at 13.6% of vehicles 

- There are large subsidies of up to 4,000 Euros per person for purchasing an EV in Portugal, rising to 6,000 Euros for commercial vehicles

- Portugal is within the top 10 in the world for lithium production, so is well placed to accommodate and accelerate EV manufacturing

- Chinese battery manufacturer CALB are  building a gigafactory in Portugal, which could represent 4% of Portuguese GDP by 2028

- Portugal is one of the locations being discussed for Tesla’s European Gigafactory.

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- Spain and Portugal have Ambitious Offshore wind targets

- We are working closely with LNEG who are writing the regulations for Portugal's offshore wind auction - the plan-led system will look into onshore wind supply chains, taking into consideration both how many of the components are manufactured in Portugal and how much of the supply chain is Portugal based, when assessing bids

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- Portugal is the anchor country for the H2Med Initiative - a transnational initiative which will interconnect the hydrogen networks of the Iberian Peninsula to North West Europe, enabling Europe to be supplied with affordable green hydrogen by 2030.

- Audit consulting firm, Deloitte, chose Southern Europe as the region with the highest solar potential, and therefore, lowest Levelised Cost of Hydrogen (LCOH) in Europe.

- Portuguese energy corporation, Galp, is a guaranteed offtaker for hydrogen in Portugal

- Floene, a Portuguese national gas distributor, is testing blending 20% hydrogen into the gas distribution network in Portugal.

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