About Spain s new energy storage capacity configuration new energy
Spain has announced 820 MW of energy storage projects for Q4 2024, with 182 MW focused on hybridizing solar and wind installations.
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About Spain s new energy storage capacity configuration new energy video introduction
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6 FAQs about [Spain s new energy storage capacity configuration new energy]
Will Spain reach 30 GW of energy storage by 2050?
The Spanish government on Tuesday approved the energy storage strategy, targeting some 20 GW of storage capacity in 2030 and reaching 30 GW by 2050 from today’s 8.3 GW.
How much power will Spain's energy storage projects add to the grid?
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.
Does Spain need energy storage?
Spain quantified its storage needs in line with decarbonisation targets established in the 2021-2030 national energy and climate plan (NECP), which sets the share of renewables in gross final consumption of energy at 42% by the end of the decade.
How does Spain's energy system work?
Storage that is currently available in Spain comes mainly from pumped hydro and concentrated solar power (CSP) plants, to which the government wants to add large-scale batteries, behind-the-metre batteries -- minimum 400 MW in 2030 -- and make the most of the vehicle-to-grid technology, according to the document.
How much money will Spain get from a battery project?
Some 35 battery sites with a total scale of 690.2 MW/2.82 GWh will receive €150 million under the program. A further 10 thermal storage sites will receive €6.48 million and add 88.35 MW/591.27 MWh of capacity to Spain’s grid. All the projects will be operational in either 2025 or 2026.
How much does storage cost in Spain?
Namely, from 43 €/MWh (lower case) to 52.5 €/MWh and from 47 €/MWh (high case) to 56.5 €/MWh. This is comparable with the 67 €/MWh LCOH for the TES with retail charges. In Spain, subsidies for storage will be granted through four calls under the PERTE ERHA1 scheme.


