By 2030, Portugal aims to have 85% of its electricity mix from renewable energy sources. This will require the installation of substantial capacities in onshore and offshore wind and photovoltaic energy, alongside the integration of green hydrogen into its energy mix.
Currently, Portugal needs to prioritize enhancements to the grid infrastructure in order to enable the integration of renewable energy sources, as well as the production of batteries, solar panels, wind turbines, heat-pumps, electrolysers, and equipment for carbon capture usage and storage.
This situation presents an opportunity for collaboration between Swedish companies and strategic public and private projects in Portugal. Sweden can provide expertise and resources in engineering, materials, components, and specialised knowledge for renewable energy and grid development which can significantly contribute to Portugal's green energy transition.
Business Sweden, in collaboration with the Swedish Embassy, can help Swedish companies capture the market potential in Portugal’s energy market, by providing strategic advice, stakeholders engagement, sales execution, and operational support. Business Sweden will shorten time to market, find new revenue streams, and lower risks for international investments.
