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Solar reaches historic 15% share of monthly electricity consumption


In July, solar production reached 15% of monthly electricity consumption for the first time. More than half of the energy consumed came from renewable sources.



Renewable energy production supplied 53% of electricity consumption in Portugal in July, with solar production reaching 15% of monthly consumption for the first time. Hydro production accounted for 14%, wind 18% and biomass the remaining 6%, REN said in a statement.


In July, electricity consumption supplied from the public grid recorded a year-on-year variation of 3.6%, or 2.6% when correcting for the effects of temperature and the number of working days. In the first seven months of the year, consumption rose 1.9% compared to the same period last year, or 2.5% when correcting for temperature and working days.


The hydropower capability index stood at 1.32 in July (historical average of 1). The solar regime was practically in line with the average values, with an index of 1.01, while wind power registered 0.89. In the period from January to July, the hydropower capability index stood at 1.33, wind power capability at 1.04 and solar power capability at 0.95.


Renewable production supplied 78% of consumption, broken down into hydroelectric power (36%), wind power (27%), photovoltaics (9%) and biomass (6%). Natural gas production supplied 8% of consumption, while the remaining 14% was imported energy.


Gas consumption in July contracted by 33% year-on-year, with a 76% drop in the electricity generation segment and a 1.3% drop in the conventional segment, which covers all other consumers. In the first seven months of the year, accumulated annual gas consumption fell by 21%, as a result of growth of 2.7% in the conventional segment and a drop of 68% in the electricity market.


National supply was entirely from the Sines liquefied natural gas terminal, with the balance of trade through the interconnection with Spain recording an export balance equivalent to 44% of national consumption.





Source: Sapo, 1 August 2024

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