GlobalData: Portugal needs to invest in energy storage

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The Portuguese government revealed plans to expedite renewable power development in April 2022, amid the ongoing war between Russia and Ukraine. The government set a target to achieve 80% of its electricity generation from renewables by 2026, four years earlier than previously planned. To achieve the new target, the country needs to invest heavily on energy storage solutions and upgrading its national grid, says GlobalData a leading data and analytics company.

The Portuguese government revealed plans to expedite renewable power development in April 2022, amid the ongoing war between Russia and Ukraine. The government set a target to achieve 80% of its electricity generation from renewables by 2026, four years earlier than previously planned. To achieve the new target, the... ... More: Official Press Release GlobalData

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GlobalData, Portugal, energy storage, renewable energy, asset, investment, government, capacity mix, country, Europe, FiT