Please Wait.....
Report
Portugal Solar Energy - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts (2026 - 2031)
Market Report I 2026-01-16 I 95 Pages I Mordor Intelligence
Portugal Solar Energy Market Analysis
The Portugal Solar Energy Market was valued at 6.81 gigawatt in 2025 and estimated to grow from 8.19 gigawatt in 2026 to reach 20.65 gigawatt by 2031, at a CAGR of 20.31% during the forecast period (2026-2031).
Recent gains stem from the 1.77 GW added in 2024, the auction-linked pipeline that aligns with the 2030 National Energy and Climate Plan, and the release of 1.2 GW of grid headroom following the retirement of the Sines coal plant. Module prices under USD 0.12 per W, streamlined licensing under Decree-Law 99/2024, and a surge in self-consumption systems have drawn both infrastructure funds and corporate offtakers into the Portugal solar energy market. Competitive activity sharpened after Brookfield and EQT completed acquisitions worth a combined USD 3.91 billion, concentrating utility-scale pipelines among the top five developers. Meanwhile, policy signals, such as the July 2025 VAT reversion for rooftops, introduce near-term uncertainty, yet upside persists in floating solar, agrivoltaics, and storage-hybrid projects that ease curtailment risk in the congested Alentejo grid.
Portugal Solar Energy Market Trends and Insights
Government Auctions & 2030 NECP Solar Target
The 20.8 GW 2030 target requires average annual additions of 2.5 GW, which is well above 2024's record. Auctions between 2020 and 2023 cleared 2.2 GW at some of Europe's lowest bids, reinforcing long-term cost leadership. Yet the 2024 auction deferral revealed grid-connection bottlenecks, prompting developers to pivot toward bilateral PPAs that trade auction certainty for counterparty risk. Substation upgrades in the Alentejo lag commissioning by up to 18 months, underlining the mismatch between policy ambition and infrastructure readiness. The Portugal solar energy market, therefore, hinges on timely grid reinforcement to keep its growth curve intact.
Falling Module Prices & Lower LCOE
Polysilicon oversupply pushed module prices to USD 0.10-0.12 per W in 2024, compressing LCOEs to EUR 20-30 per MWh in high-irradiance zones and rendering solar cheaper than onshore wind for the first time in Portugal. Developers now specify bifacial modules and single-axis trackers that lift yields by up to 20%, yet ultra-thin manufacturer margins could reverse price declines if trade actions or capacity closures emerge. Projects locked through 2025 are insulated, but 2026 deliveries may face renewed cost pressure, underscoring procurement-timing risk for the Portugal solar energy market.
Grid Congestion & Slow Permitting
Connection queues in the Alentejo region have stretched beyond 18 months, and REN's EUR 1.5-1.7 billion investment plan will not fully alleviate backlogs until 2027. Administrative reforms reduce paperwork, yet physical bottlenecks persist, forcing developers to accept curtailment risk or invest in substation upgrades. Environmental reviews can add six to nine months near protected areas, and the Portugal solar energy market could face a mid-decade plateau if reinforcement is delayed.
Other drivers and restraints analyzed in the detailed report include:
Corporate PPA MomentumUPAC Self-Consumption BoomHigh Interest-Rate Financing Environment
For complete list of drivers and restraints, kindly check the Table Of Contents.
Segment Analysis
Solar PV captured 100.00% of the installed capacity in 2025 and is set to retain that position, growing at a 20.31% CAGR within the Portuguese solar energy market. Converging module and polysilicon costs have widened PV's edge over CSP, whose direct-normal irradiance requirements exceed Portugal's diffuse profile. Bifacial modules already account for 60% of shipments and, when paired with single-axis trackers, deliver 15-20% yield boosts that offset the mild curtailment risk in the saturated Alentejo grid. TOPCon and heterojunction cells are pushing conversion efficiencies past 24%, and when paired with central inverters that offer ancillary-service functions, they underpin the next efficiency wave. Storage hybrids, such as EDP's 17 MW battery at Alqueva, illustrate emerging value-stacking paths that mitigate grid-constraint risk and anchor long-term competitiveness for the Portugal solar energy industry.
PV's absolute grip shapes procurement dynamics: developers aim to keep all-in capital costs below EUR 500,000 per MW and lock module supply at negative-margin pricing before potential trade actions reset costs. CSP remains sidelined, and no pilot projects are slated through 2030, indicating that the Portuguese solar energy market will likely remain PV-exclusive absent a significant step-change in CSP economics.
The Portugal Solar Energy Market Report is Segmented by Technology (Solar Photovoltaic and Concentrated Solar Power), Grid Type (On-Grid and Off-Grid), and End-User (Utility-Scale, Commercial and Industrial, and Residential). The Market Sizes and Forecasts are Provided in Terms of Installed Capacity (GW).
List of Companies Covered in this Report:
Voltalia SA Iberdrola SA EDP Renovaveis SA Galp Energia SGPS SA Acciona Energia SA Greenvolt Energias Renovaveis SA Endesa SA (Enel Group) R.Power SA Eurowind Energy A/S Sonnedix Power Holdings Ltd Q cells GmbH First Solar Inc. Trina Solar Co. Ltd JinkoSolar Holding Co. Ltd SunPower Corporation Canadian Solar Inc. LONGi Green Energy Technology Co. Ltd Akuo Energy SAS Exus Management Partners Nomad Electric Sp. z o.o.
Additional Benefits:
The market estimate (ME) sheet in Excel format
3 months of analyst support
1 Introduction
1.1 Study Assumptions & Market Definition
1.2 Scope of the Study
2 Research Methodology
3 Executive Summary
4 Market Landscape
4.1 Market Overview
4.2 Market Drivers
4.2.1 Government auctions & 2030 NECP solar target
4.2.2 Falling module prices & lower LCOE
4.2.3 Corporate PPA momentum
4.2.4 Freed Sines grid capacity post-coal exit
4.2.5 UPAC self-consumption boom
4.2.6 Floating-solar & agrivoltaics rollout
4.3 Market Restraints
4.3.1 Grid congestion & slow permitting
4.3.2 High interest-rate financing environment
4.3.3 VAT on residential PV returning to 23 %
4.3.4 Local land-use & heritage opposition
4.4 Supply-Chain Analysis
4.5 Regulatory Landscape
4.6 Technological Outlook
4.7 Porters Five Forces
4.7.1 Threat of New Entrants
4.7.2 Bargaining Power of Buyers
4.7.3 Bargaining Power of Suppliers
4.7.4 Threat of Substitutes
4.7.5 Intensity of Competitive Rivalry
4.8 PESTLE Analysis
5 Market Size & Growth Forecasts
5.1 By Technology
5.1.1 Solar Photovoltaic (PV)
5.1.2 Concentrated Solar Power (CSP)
5.2 By Grid Type
5.2.1 On-Grid
5.2.2 Off-Grid
5.3 By End-User
5.3.1 Utility-Scale
5.3.2 Commercial and Industrial (C&I)
5.3.3 Residential
5.4 By Component (Qualitative Analysis)
5.4.1 Solar Modules/Panels
5.4.2 Inverters (String, Central, Micro)
5.4.3 Mounting and Tracking Systems
5.4.4 Balance-of-System and Electricals
5.4.5 Energy Storage and Hybrid Integration
6 Competitive Landscape
6.1 Market Concentration
6.2 Strategic Moves (M&A, Partnerships, PPAs)
6.3 Market Share Analysis (Market Rank/Share for key companies)
6.4 Company Profiles (includes Global level Overview, Market level overview, Core Segments, Financials as available, Strategic Information, Products & Services, and Recent Developments)
6.4.1 Voltalia SA
6.4.2 Iberdrola SA
6.4.3 EDP Renovaveis SA
6.4.4 Galp Energia SGPS SA
6.4.5 Acciona Energia SA
6.4.6 Greenvolt Energias Renovaveis SA
6.4.7 Endesa SA (Enel Group)
6.4.8 R.Power SA
6.4.9 Eurowind Energy A/S
6.4.10 Sonnedix Power Holdings Ltd
6.4.11 Q cells GmbH
6.4.12 First Solar Inc.
6.4.13 Trina Solar Co. Ltd
6.4.14 JinkoSolar Holding Co. Ltd
6.4.15 SunPower Corporation
6.4.16 Canadian Solar Inc.
6.4.17 LONGi Green Energy Technology Co. Ltd
6.4.18 Akuo Energy SAS
6.4.19 Exus Management Partners
6.4.20 Nomad Electric Sp. z o.o.
7 Market Opportunities & Future Outlook
7.1 White-space & Unmet-Need Assessment
- Not Sure / Need Reassuring
- Confirm Content
-
Content is provided by our partners and every effort is made to make Market Report details as clear as possible. If you are not sure the exact content you require is included in this study you can Contact us to double check. To do this you can:
Use the ‘? ASK A QUESTION’ below the license / prices and to the right of this box. This will come directly to our team who will work on dealing with your request as soon as possible.
Write to directly on support@scotts-international.com with details. Please include as much information as possible including the name of report or link so our staff will be able to work on you request.
Telephone us directly on 0048 603 394 346 and an experienced member of team will be on hand to answer.
-
- Sample Pages
-
With the vast majority of our partners we can obtain Sample Pages to support your decision. This is something we can arrange without revealing your personal details.
It is important to note that we will not be able to provide you the exact data or statistics such as Market Size and Forecasts. Sample pages usually confirm the layout or the Categories included in Charts and Graphs, excluding specific data.
To ask for Sample Pages by contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Check for Alternatives
-
Whilst we try to make our online platform as easy to use as possible there is always the possibility that a better alternative has not been found in your search.
To avoid this possibility Contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346 and a Senior Team Member can review your requirements and send a list of possibilities with opinions and recommendations.
-
- Confirm Content
- Prices / Formats / Delivery
- Prices
-
All prices are set by our partners and should be exactly the same as those listed on their own websites. We work on a Revenue share basis ensuring that you never pay more than what is offered elsewhere.
Should you find the price cheaper on another platform we recommend you to Contact us as we should be able to match this price. You can Contact us though through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Discounts
-
As we work in close partnership with our Partners from time to time we can secure discounts and assist with negotiations, this is part of our personalised service to you.
Discounts can sometimes be arranged for speedily placed orders; multiple report purchases or Higher License purchases.
To check if a Discount is possible please Contact our experienced team through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Available Currencies
-
Most Market Reports on our platform are listed in USD or EURO based on the wishes of our Partners. To avoid currency fluctuations and potential price differentiations we do not offer the possibility to change the currency online.
Should you wish to pay in a different currency to that advertised online we do accept payments in USD, EURO, GBP and PLN. The price will be calculated based on the relevant exchange rate taken from our National Bank.
To pay in a different above currency to that advertised online please Contact our team and a quotation will be sent within a couple of hours with payment details.
-
- Licenses
-
License options vary from Partner to Partner as is usually based on the number of Users that will benefitting from the report. It is very important that License ordered is not breached as this could have potential negative consequences for you individually or your employer.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Global Site License
-
The Global Site License is the most comprehensive license available. By selecting this license, the Market Report can be shared with other ‘Allowed Users’ and any other member of staff from the same organisation regardless of geographic location.
It is important to note that this may exclude Parent Companies or Subsidiaries.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Formats
-
The most common format is PDF, however in certain circumstances data may be present in Excel format or Online, especially in the case of Database or Directories. In addition, for certain higher license options a CD may also be provided.
If you have questions or need clarification about the specific formats we recommend you to Contact us and a detailed explanation will be provided.
-
- Delivery
-
Delivery is fulfilled by our partners directly. Once an order has been placed we inform the partner by sharing the delivery email details given in the order process.
Delivery is usually made within 24 hours of an order being placed, however it may take longer should your order be placed prior to the weekend or if otherwise specified on the Market Report details page. Additionally, if details have been not fully completed in the Order process a delay in delivery is possible.
If a delay in delivery is expected you will be informed about it immediately.
-
- Shipping Charges
-
As most Market Reports are delivered in PDF format we almost never have to add additional Shipping Charges. If, however you are ordering a Higher License service or a specific delivery format (e.g. CD version) charges may apply.
If you are concerned about additional Shipping Charges we recommend you to Contact us to double check.
-
- Prices
- Ordering
- By Credit Card
-
We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.
Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.
For more information on PayU please visit: https://www.payu.pl/en/about-us
-
- By Money Transfer
-
If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.
With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.
-
- By Credit Card
- Security
- Website security
-
We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.
Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.
-
- Credit Card Security
-
We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.
PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.
-
- Website security