Portugal Ranks in Global Top 10 for Clean Energy Transition

Portugal has entered the world’s top 10 countries for clean energy transition, according to the World Economic Forum’s (WEF) Fostering Effective Energy Transition 2025 report.

Ranked tenth out of 118 nations, Portugal now sits alongside clean energy leaders such as Germany, Finland, Sweden, and Denmark. This marks a major achievement for a country that once trailed in energy development.

The WEF index evaluates countries on three core pillars—energy security, sustainability, and equity—while also considering readiness in areas such as infrastructure, innovation, and political commitment.

Portugal’s steady expansion of renewable energy generation, coupled with ambitious long-term climate goals, has helped secure its place among the frontrunners.

A Rapid Energy Transformation

The country has undergone a dramatic energy transition in recent years. In 2023, around 61% of Portugal’s electricity consumption was met by renewables, largely through hydropower and wind, with solar playing an increasingly prominent role. By July 2025, more than 70% of electricity produced on the mainland came from renewable sources.

This acceleration has been underpinned by sustained investment in wind farms, solar parks, and grid upgrades, ensuring that clean energy now forms the backbone of the national power system.

Looking ahead, Portugal has set one of Europe’s most ambitious targets: by 2030, the government aims for renewables to supply 93% of electricity consumption.

Investment Opportunities through the Golden Visa

A key driver of sustainable energy investment has been Portugal’s Golden Visa residency-by-investment programme.

Through the scheme, investors may commit €500,000 to eligible alternative investment funds, some of which direct capital into renewable projects and other green technologies. The programme not only supports impactful investment but also provides residency rights in Portugal, with visa-free travel across 29 Schengen countries, while requiring a physical stay of only seven days per year. After five years, investors can apply for Portuguese citizenship.

Many of these alternative investment funds also pursue a diversified approach across sectors where Portugal shows strong growth potential, offering investors stability alongside exposure to high-growth industries.

Paul Sheedy, special advisor at the Portugal Future Fund, an alternative investment fund approved for Golden Visa residency-by-investment in Portugal, said:

“A multi-sector approach to investment—spanning sectors such as luxury hospitality and tourism, renewable energy, media, healthcare, and technology —not only aligns with Portugal's dynamic economic landscape but also creates a resilient portfolio that thrives across sectors.

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.”

Scaling Up Capacity and Innovation

Installed renewable capacity in Portugal is projected to surpass 42 gigawatts, with solar and offshore wind leading much of the growth. The government has already earmarked over 2,000 square kilometres of maritime space for offshore wind projects, with the aim of reaching up to 10 gigawatts of installed capacity.

Hydrogen is also emerging as a cornerstone of Portugal’s energy strategy. Large-scale projects in Sines and the Algarve are being developed to produce green hydrogen and ammonia for both domestic and industrial use.

Strengthening Portugal’s Global Position

The WEF’s recognition not only highlights Portugal’s environmental achievements but also boosts its appeal as a hub for clean-tech investment.

Multinational companies are increasingly drawn to Portugal’s robust renewable energy sector, while Portuguese engineers and researchers are making their mark in areas such as offshore wind, floating wind platforms, and hybrid systems that combine wind and hydropower for greater grid stability.

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Contact Portugal Future Fund to invest in Portugal's Golden Visa residency-by-investment programme

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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.