Portugal commits $480 M to grid and storage | Switchgear
Jul 31, 2025 · Portugal will invest $480 M (€400 M) to strengthen grid stability and scale battery storage, aiming for 750 MW of BESS capacity after Iberian blackout.
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Free Quote6 Frequently Asked Questions about “Lisbon energy storage project grid access price”
How much will Portugal spend on energy storage & grid flexibility?
The Portuguese Ministry of Energy has allocated €99.75 million ($107.6 million) for grid flexibility and energy storage projects which should be installed by the end of 2025. From ESS News Portugal is seeking to promote flexibility and balance its power system with energy storage as it continues to break records for solar energy production.
Does Portugal need energy storage?
From ESS News Portugal is seeking to promote flexibility and balance its power system with energy storage as it continues to break records for solar energy production. To this end, the country's Ministry of Energy announced on Wednesday that it has allocated €99.75 million ($107.6 million) in a bid to support 500 MW of energy storage projects.
How much money will Portugal spend on energy storage projects?
This included six projects from Spain's Iberdrola, which secured nearly EUR 20 million in public funding. Portugal's Ministry of Energy has announced that it has allocated EUR 100 million ($104.2 million) to 43 energy storage projects which should be installed by the end of 2025.
Is grid access a scarce resource in Portugal?
Secretary of state for energy João Galamba said that grid access is a scarce resource in Portugal in an interview with PV Tech. Image: Portuguese government.
How many projects were selected in Portugal's 2025 energy storage procurement?
A total of 43 projects were selected from 79 applications in Portugal's 2025 energy storage procurement. This included six projects from Spain's Iberdrola, which secured nearly EUR 20 million in public funding.
Are companies willing to pay for solar-plus-storage in Portugal?
So companies, especially companies not yet present in Portugal, have a high willingness to pay for that access,” he said. The auction was the first of its kind in Portugal that invited companies to lodge bids with a storage component included, with eight of the 12 batches awarded to solar-plus-storage projects.