Pending approval, a total of EUR 167.6 million ($187.1 million) has been allocated toward 46 standalone thermal and electrical energy storage projects, with a cost range from EUR 170/kWh to EUR 409/kWh.
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The European Commission on Monday approved a new aid scheme for the deployment of large-scale electricity storage in Spain. Subsidies will be available for standalone energy storage sites, projects installed
The draft rules published by Spain''s Ministry for the Ecological Transition and the Demographic Challenge (MITECO) suggest Andalusia should receive almost €312 million
Energy sector stakeholders in Spain—including developers, investors, and infrastructure operators—face a critical year of legal and regulatory developments. Renewable generation is hindered by declining prices, lack of
It is the first favourable EIA for a standalone energy storage project in Spain from MITECO, Rolwind CEO Domingo Estepa said. The ST Palmosilla project will have a power rating of 200MW and an energy storage
The government of Spain is launching €280 million (US$310 million) in grants for standalone energy storage projects, thermal energy storage and reversible pumped hydro to go online in 2026.
The first programme is set to allocate EUR 180 million -- EUR 150 million to support standalone energy storage projects, with thermal storage initiatives receiving a funding boost of EUR 30 million. The second funding
The government can also encourage RE + BESS contracts for Corporate PPAs to expedite energy storage deployment and increase the share of renewable energy. Unlocking
The Institute for the Diversification and Saving of Energy (IDAE), an agency of Spain''s Ecological Transition Ministry, has today launched a tender which offers €700 million
The European Commission has approved a new aid scheme that will allow Spain to deploy large-scale electricity storage, both in hybridisation with renewable energy
The European Commission on Monday approved a new aid scheme for the deployment of large-scale electricity storage in Spain. Subsidies will be available for standalone energy storage sites
Maximum eligible costs per storage unit range from EUR 250/kWh for stand-alone storage to EUR 1,500/kWh for new pumped-storage hydropower projects. Aid will be distributed by region, with higher allocations to
Pending approval, a total of EUR 167.6 million ($187.1 million) has been allocated towards 46 standalone thermal and electrical energy storage projects, with a cost
The government of Spain, through the Institution for the diversification and energy savings (IDAE) has awarded 880MW/1809MWh in its first tender for energy storage to be co-located with renewables.
While the energy storage market continues to rapidly expand, fueled by record-low battery costs and robust policy support, challenges still loom on the horizon—tariffs, shifting tax incentives, and supply chain uncertainties
In the search for solutions for the storage of energy generated by renewable sources, lithium-ion batteries are currently the most widespread solutions given their performance, technological maturity and cost ratio. These systems can be
Spain''s energy storage sector is set to expand with €699M in funding, supporting up to 3.5GW of capacity. Discover key opportunities and challenges for investors.
Spain''s Ministry for the Ecological Transition and the Demographic Challenge (MITECO) has announced a major funding initiative worth €700 million to boost large-scale
The target for energy storage has been increased from 20GW in the previous NECP to 22.5GW by 2030. Image: Iberdrola. Spain has increased its energy storage target by
The government of Spain is launching two programmes with €280 million in grants for standalone energy storage projects, thermal and PHES.
The 45 battery and thermal energy storage projects allocated European Union subsidies will add more than 779 MW/3.4 GWh of capacity to the Spanish grid.
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.
The European Commission approved a new support scheme. 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.
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