Portugal Wind Energy Market Size, Share, Trends and Forecast by Component, Rating, Installation, Turbine Type, Application‎, and Region, 2026-2034

Portugal Wind Energy Market Overview:

The Portugal wind energy market size reached USD 398.18 Million in 2025. Looking forward, IMARC Group expects the market to reach USD 990.51 Million by 2034, exhibiting a growth rate (CAGR) of 10.66% during 2026-2034. Strong government policies, clear regulatory frameworks, and financial incentives are driving the wind energy market by encouraging investment and supporting large-scale project development. Additionally, the integration of wind projects with other renewable energy systems to enhance grid stability, optimize efficiency, and ensure long-term sustainability is influencing the Portugal wind energy market share.

Portugal Wind Energy Market Trends:

Government Policy Support and Renewable Energy Targets

Portugal’s wind energy market continues to expand under the strong guidance of national policies that are carefully aligned with broader international directives focused on reducing carbon emissions and promoting the transition toward sustainable energy systems. As part of its long-term decarbonization strategy, Portugal has consistently placed wind energy at the center of its national energy mix, recognizing it as one of the most effective solutions for reducing reliance on fossil fuels. Comprehensive regulatory frameworks, financial incentives, and streamlined permitting processes ensure that new projects can move forward with greater efficiency while minimizing risks for developers and investors. These measures also contribute to strengthening infrastructure readiness, creating an enabling environment for both onshore and offshore wind deployment. A clear demonstration of this commitment was seen in 2025, when the governing body in Portugal announced a competitive model to install 2 GW of offshore wind capacity by 2030, aligned with its PNEC 2030 targets. Developed under a sequential centralized model, this framework guarantees regulatory clarity while enhancing transparency in the bidding process. To further boost investor confidence, the government committed to finalizing tender rules within 180 days, ensuring predictability and accelerating the pace of investment. Such initiatives highlight Portugal’s determination to make wind energy a cornerstone of its energy transition and long-term market growth.

Integration of Hybrid Renewable Energy Systems

The increasing integration of wind projects with other renewable energy systems, particularly hydropower, to enhance grid stability, optimize resource efficiency, and ensure a more reliable supply of clean energy is bolstering the Portugal wind energy market growth. Combining these resources strengthens grid stability by balancing variability in power generation, ensuring a more reliable and consistent electricity supply. Such hybrid models maximize the use of natural resources, increase efficiency, and reduce the need for fossil fuel backup. This approach also enhances storage capacity, as hydropower reservoirs can be used strategically to complement wind generation during periods of low wind activity. By creating synergies between technologies, hybrid energy systems contribute to the long-term sustainability and scalability of renewable power in Portugal. Additionally, these integrated solutions attract significant investment, as they present lower risks and higher returns for developers and stakeholders. The adoption of hybrid models is becoming a strategic factor influencing the market, reinforcing Portugal’s position in innovative renewable energy deployment. In 2024, Iberdrola received approval to build Portugal’s largest wind farm, investing €350 million. Located in Vila Real and Braga, the 274 MW project aimed to integrate with the Tâmega hydro system, combining wind and hydro power to boost clean energy and create up to 700 jobs.

Portugal Wind Energy Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country and regional levels for 2026-2034. Our report has categorized the market based on component, rating, installation, turbine type, and application.

Component Insights:

• Turbine
• Support Structure
• Electrical Infrastructure
• Others

A detailed breakup and analysis of the market based on component have also been provided in ‎the report. ‎This includes turbine, support structure, electrical infrastructure, and others.

Rating Insights:

• ≤ 2 MW
• >2 ≤ 5 MW
• >5 ≤ 8 MW
• >8 ≤ 10 MW
• >10 ≤ 12 MW
• ‎>12 MW‎

The report has provided a detailed breakup and analysis of the market by rating. This includes ≤ 2 MW, >2 ≤ 5 MW, >5 ≤ 8 MW, >8 ≤ 10 MW, >10 ≤ 12 MW, and >12 MW.

Installation Insights:

• Offshore
• Onshore

A detailed breakup and analysis of the market based on installation have also been provided in ‎the report. ‎This includes offshore and onshore.

Turbine Type Insights:

• Horizontal Axis
• Vertical Axis

The report has provided a detailed breakup and analysis of the market by turbine type. This includes horizontal axis and vertical axis.

Application Insights:

• Utility
• Industrial
• Commercial
• Residential

A detailed breakup and analysis of the market based on application have also been provided in ‎the report. ‎This includes utility, industrial, commercial, and residential.

Regional Insights:

• Norte
• Centro
• A. M. Lisboa
• Alentejo
• Others

The report has also provided a comprehensive analysis of all the major regional markets, which include Norte, Centro, A. M. Lisboa, Alentejo, and others.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

Portugal Wind Energy Market News:

• June 2025: The Government of Portugal officially launched its first floating offshore wind auction process by publishing Decree No. 4752/2025. The plan includes awarding 2 GW of capacity with auction rules to be finalized within six months. This marks a key step in Portugal's energy transition and offshore wind leadership in Southern Europe.
• April 2025: Gazelle Wind Power secured a 10-year TUPEM authorization from Portugal’s DGRM, allowing the deployment of its 2 MW floating wind R&D demonstrator off Aguçadoura. This milestone enables installation of its patented lightweight platform under the Nau Azul project, supporting offshore wind innovation and local job creation.

Portugal Wind Energy Market Report Coverage:

Key Questions Answered in This Report:

• How has the Portugal wind energy market performed so far and how will it perform in the coming years?
• What is the breakup of the Portugal wind energy market on the basis of component?
• What is the breakup of the Portugal wind energy market on the basis of rating?
• What is the breakup of the Portugal wind energy market on the basis of installation?
• What is the breakup of the Portugal wind energy market on the basis of turbine type?
• What is the breakup of the Portugal wind energy market on the basis of application?
• What is the breakup of the Portugal wind energy market on the basis of region?
• What are the various stages in the value chain of the Portugal wind energy market?
• What are the key driving factors and challenges in the Portugal wind energy market?
• What is the structure of the Portugal wind energy market and who are the key players?
• What is the degree of competition in the Portugal wind energy market?

Key Benefits for Stakeholders:

• IMARC's industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Portugal wind energy market from 2020-2034.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the Portugal wind energy market.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Portugal wind energy industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.