Spain acquires energy storage batteries

Solaria powers up Spain's solar future with a EUR 20m investment in cutting-edge battery storage systems. Solaria Energia y Medio Ambiente SA, a Spanish renewable energy company, announced the acquisition of 260 MWh of battery energy storage systems (BESS) in Spain.
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Information on acquisition, funding, investors, and executives for Solaria Energia (260 MWh of Battery Energy Storage Systems in Spain). Use the PitchBook Platform to explore the full profile.

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Solaria invests EUR 20m in BESS purchase to boost

Spanish renewables firm Solaria Energia y Medio Ambiente SA (BME:SLR) said on Monday that it has acquired 260 MWh of battery energy storage systems (BESS) in Spain for about EUR 20 million (USD 22.7m).

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6 FAQs about [Spain acquires energy storage batteries]

What is energy storage in Spain?

It targets large-scale energy storage projects in Spain. It focuses on technologies like standalone battery energy storage systems (BESS), pumped hydro energy storage (PHES), and thermal energy storage. The program supports hybrid projects, which combine storage with renewable energy, such as solar or wind farms.

What is the first electric energy storage system in Spain?

In November 2019, Iberdrola España inaugurated the first electrical energy storage system with lithium-ion batteries for distribution networks in Spain.

How many storage batteries will Iberdrola install in Spain?

Iberdrola España will install six new storage batteries in Spain with a capacity of 150 MW The projects will be built in Castilla y León, Extremadura, Castilla La Mancha and Andalusia, and each battery will have 25 MW of power and a capacity of 50 MWh.

Where will a battery be installed in Spain?

In Castilla y León, a battery will be installed in Revilla Vallejera (Burgos), where Iberdrola España completed its first hybrid wind-solar plant in Spain in 2023. Extremadura will have two new batteries. The company will install two batteries in the province of Cáceres, where the C. Arañuelo I and II photovoltaic plants are located.

Why should Spain invest in energy storage?

Investing in energy storage helps Spain meet its climate goals. This includes achieving carbon neutrality by 2050. Storing renewable energy instead of wasting it helps the country rely less on fossil fuels. This also cuts down greenhouse gas emissions. Pumped hydro, thermal storage, and battery systems are effective technologies.

How will Spain increase its energy storage capacity?

Spain has launched an ambitious €700 million (around $796 million) program to increase its energy storage capacity. This plan will add 2.5 to 3.5 gigawatts (GW) of storage. It includes pumped hydro, thermal energy storage, and battery systems.

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