“In the accumulated period from January to October, Portugal remained among the European leaders in the incorporation of renewable sources, with 75.2% of electricity produced from clean energy,” the association highlighted in a statement. Portugal thus maintained its fourth position as the European country with the highest share of renewables in its electricity mix, behind only Norway (97.7%), Denmark (88.3%), and Austria (83.1%).

Considering only the month of October, renewable production in Portugal (66% of the total) performed better than neighbouring countries such as Germany (63.2%), Spain (50%), Italy (34.2%), and France (26.3%), APREN highlighted.

Between January and October, the average hourly price in the Iberian Electricity Market (MIBEL) was €65.6 per megawatt-hour (MWh), during a period in which 1,266 hours of fully renewable production were recorded. According to the association, the contribution of renewables generated accumulated savings of €6.301 million, corresponding to an average of €151.6 per MWh.

Savings

“In October, renewable energy production achieved savings of €66 million in imported natural gas, €11 million in imported electricity, and €60 million in CO₂ emission permits, reaffirming its essential role in reducing external dependence and promoting environmental sustainability,” APREN emphasized.

The association pointed out that the renewable energy sector contributes “structurally to the national economy,” directly supporting public finances and local authorities, notably through the financing of the social energy tariff and the allocation of 2.5% of the annual revenue from wind farms to municipalities.

“Any tax increase on renewable assets would represent a setback in relation to decarbonization goals and a discouraging signal for investment in a sector that has been fundamental to reducing energy costs and to the country's sustainable economic growth,” it stressed.