Article -> Article Details
| Title | Portugal Wind Energy Market Forecast, Opportunities & Challenges, 2026–2034 |
|---|---|
| Category | Business --> Business Services |
| Meta Keywords | Portugal wind energy market |
| Owner | Neeraj kumar |
| Description | |
| Market Overview The Portugal wind energy market size reached USD 398.18 Million in 2025. The market is expected to grow to USD 990.51 Million by 2034, exhibiting a CAGR of 10.66% during the forecast period from 2026 to 2034. This growth is driven by strong government policies, clear regulatory frameworks, and financial incentives that encourage investment and support large-scale project development. Additionally, the integration of wind projects with other renewable energy systems enhances grid stability, optimizes efficiency, and boosts long-term sustainability. Study Assumption Years
Portugal Wind Energy Market Key Takeaways
Sample Request Link: https://www.imarcgroup.com/portugal-wind-energy-market/requestsample Market Growth Factors The wind power sector in Portugal has grown rapidly, and has received strong government support. Government policy for wind energy and renewables in general has largely been compatible with EU-wide targets for reducing carbon emissions. Wind power is one of the measures Portugal has developed to lessen the country's dependence on fossil fuels. In 2025, as part of the PNEC 2030 targets, the government announced that it would hold a competitive tender for the procurement of 2 GW of offshore wind power by 2030, showing its commitment to wind energy. A second major driver is hybrid renewable energy systems of wind energy and hydroelectricity that can provide energy balancing, grid stability and greater efficiencies compared to wind energy alone, resulting in reduced use of fossil fuels, and greater energy storage, such as using hydropower reservoirs when electricity demand is highest or there is low wind. They make renewable energy more sustainable and scalable e.g. in Portugal, reducing risk and increasing returns, resulting in higher investment. In the area of large-scale projects, the sector is seeing growth with the approval in 2024 for Iberdrola to build the largest wind farm in Portugal, a project estimated to cost around €350 million. The 274 MW of projects planned in the Vila Real and Braga districts will be integrated into the Tâmega hydro complex, creating 700 new jobs and contributing to the energy transition and development of the wind sector in Portugal. Market Segmentation
Request Customization: https://www.imarcgroup.com/request?type=report&id=44216&flag=E Regional Insights The report covers major regional markets including Norte, Centro, A. M. Lisboa, Alentejo, and others. While the document does not specify a dominant region with explicit statistics, it provides comprehensive regional analysis spanning these key areas. Recent Developments & News
Competitive Landscape The competitive landscape of the industry has also been examined along with the profiles of the key players. If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization. About Us IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research. Contact Us IMARC Group, 134 N 4th St. Brooklyn, NY 11249, USA, Email: sales@imarcgroup.com, Tel No: (D) +91 120 433 0800, United States: +1-201971-6302 | |