How Golden Visa Investors Are Driving Portugal’s Renewable Energy Growth

Portugal is cementing its position as a global leader in the clean energy transition, setting ambitious targets and exceeding expectations.

Portugal has accelerated its renewable energy goals, aiming for 80% renewable electricity generation by 2026—four years earlier than initially planned—and reaching 100% by 2030, as reported by Statista.

In addition to this, Portugal plans to ensure that renewable sources account for 51% of total energy consumption by 2030.

These initiatives are part of a broader effort to enhance energy security, reduce dependency on imported fossil fuels, minimise greenhouse gas emissions, and achieve climate neutrality by 2050.

Key contributors to this progress include wind and hydropower, which have delivered remarkable results. According to Redes Energéticas Nacionais (REN), wind farms achieved a record-breaking milestone in 2024, generating 110.4 GWh in a single day and meeting 86% of the nation’s energy consumption.

Solar energy also plays a pivotal role in Portugal’s clean energy strategy, with the market expected to grow at a compound annual growth rate (CAGR) of more than 6.5% from 2024 to 2029. This growth is fuelled by increasing energy demand, reduced reliance on fossil fuels, and declining costs for solar photovoltaic (PV) systems.

Portugal’s renewable energy initiatives have created exciting opportunities for investors, high-net-worth individuals (HNWIs), and entrepreneurs.

A key avenue for such investments is the Golden Visa residency by investment programme, which allows individuals to invest €500,000 in approved alternative investment funds.

Renewable energy projects, including solar farms and wind energy, are among the standout options for these investments. In return, investors gain residency in Portugal with access to 29 Schengen countries, while needing to spend only seven days per year in the country. After five years, they can apply for Portuguese citizenship.

The Portugal Future Fund takes a diversified approach to investment, targeting various sectors in which Portugal excels, such as renewable energy, luxury hospitality, healthcare, and technology. This strategy reduces exposure to the risks of a single sector while tapping into high-growth opportunities.

Paul Sheedy, special advisor to the Portugal Future Fund, said:

"We have seen time and time again that a blended investment approach can protect against underperforming sectors in a portfolio, giving investors more security and downside protection.”

Portugal’s clean energy ambitions have also attracted significant private investment. As of October 2024, €40 billion has been funnelled into renewable energy and hydrogen projects, with total investments expected to surpass €60 billion by 2030, according to the Portuguese government.

Favourable conditions such as streamlined approval processes and over 300 days of sunshine annually further position Portugal as a prime destination for renewable energy development.

Beyond energy production, Portugal is fostering partnerships between universities, businesses, and government institutions to build local expertise and innovation in renewable energy.

This integrated approach strengthens the country’s energy infrastructure while cultivating a skilled workforce to sustain growth in the sector.

Portugal’s economic performance is also on an upward trajectory. In recognition of its economic stability, the Japan Credit Rating Agency (JCR) upgraded Portugal’s sovereign risk rating from ‘A’ to ‘A+’ in 2025. This reflects Portugal’s diversified economy, structural reforms, and sound fiscal management.

In January 2025, consumer price inflation in Portugal fell to 2.5%, down from 3.0% in December 2024, reinforcing confidence in the country’s economic policies.

The Portuguese government has projected GDP growth of 1.8% in 2024 and 2.1% in 2025, further cementing its economic progress.

Paul Stannard, chairman and founder of Portugal Pathways and the Portugal Investment Owners Club, emphasised the country’s momentum:

“Portugal is continuing to see continued and consistent growth in 2025. With the government's goals to make Portugal a more sustainable country in the next few years, investing in alternative investment funds approved for Golden Visa in Portugal that focus on renewable energy is an attractive option for those seeking to align their investment with Portugal's green ambitions.”

Stannard further highlighted the significance of Portugal’s clean energy achievements:

“Portugal’s renewable energy is not just about numbers; it’s a testament to the country’s adaptability and forward-thinking approach. The recent peak in hydropower production demonstrates the National Electric System’s commitment to distributing renewable energy efficiently and growing the infrastructure. So, it’s no surprise that investors are seeking to support and benefit from the thriving renewable energy sector.”

By choosing renewable energy investments for Golden Visa applications, investors can play a pivotal role in Portugal’s journey to a sustainable future while benefiting from the rapid growth of this transformative industry.

To learn more about renewable energy investments as part of your Golden Visa investment, contact the Portugal Future Fund here

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About Portugal Future Fund

The Portugal Future Fund strategically invests in key sectors, driving growth and innovation across Portugal. Approved for Portugal’s Golden Visa residency-by-investment, it offers a unique opportunity for impactful and rewarding participation.

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Disclaimer: The information on the Portugal Future Fund website and in email communications is for general informational purposes only and should not be construed as legal, tax, or financial advice. You should consult and check with a qualified professional advisor before relying on any information provided on this website or in email communications. As it relates to investments in Golden Visas or other wealth management solutions offered by regulated and professional advisors, it is important to note that past performance is no guarantee of future returns. Private equities can be highly illiquid and come with risk and should always be under professional independent advice. Portugal Future Fund operates under CMVM regulations but is not directly endorsed by the CMVM or any governmental entity.

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