This included six projects from Spain’s Iberdrola, which secured nearly EUR 20 million in public funding. Portugal’s Ministry of Energy has announced that it has allocated EUR 100 million ($104.2 million) to 43 energy storage projects which should be installed by the end of 2025.
A total of 43 projects were selected from 79 applications in Portugal''s 2025 energy storage procurement. This included six projects from Spain''s Iberdrola, which secured nearly EUR 20 million in public funding.
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
Energy storage is therefore essential if EU targets are to be met. Portugal’s installed energy storage capacity is still predominantly based on hydro pumping, which currently stands at 4,164 GW year. However, this paradigm is about to change with the democratisation of energy storage solutions through wind and solar production.
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