The solar thermal energy supply in Portugal has shown a steady increase annually, reaching 1320 GWh in 2023. From 2013 through 2023, the supply has generally increased with yearly growth rates fluctuating from 2.04% to 8.01%. Over the last five years, the compound annual growth rate (CAGR) averaged 3.8%, showcasing a gradual but consistent upward trend. From 2024 onwards, forecasted data indicate a continued growth, albeit at a slower CAGR of 1.85% over the next five years, resulting in a 9.58% total growth by 2028.
Future trends to watch for include advancements in solar thermal technology, reduction in installation costs, and governmental policies promoting renewable energy. Additionally, improvements in energy storage solutions may further enhance the efficiency and adoption of solar thermal energy in Portugal.
