Financing structure options for standalone storage projects and hybrid solar plus storage projects. The pool of potential investors in these projects by allowing project owners to transfer
Spain has launched a €700 million energy storage program to support battery, thermal, and pumped hydro projects, aiming to deploy 2.5–3.5 GW of capacity. The initiative, led by MITECO and backed by EU funding,
BW ESS and Spanish energy storage developer Ibersun have signed a joint venture to develop 2.2GW of utility-scale BESS projects across Spain.
Why Energy Storage Projects Struggle to Secure Funding Did you know 43% of renewable energy developers abandoned energy storage projects in 2023 due to financing hurdles? The
Top 10 Energy Storage Companies in Spain: discover market leaders, buying and selling opportunities, and financing options on PF Nexus.
The usual ownership structure for the conduct of project finance in Spain is articulated through a newly created special purpose vehicle (SPV). The reason for the constitution of a new SPV for
Iberia: Why are there no batteries in Spain? Spain''s battery energy storage market is at a critical point. Despite being a leader in renewable energy deployment in Europe, the country has only
The market for utility-scale storage projects remains comparatively small at around 100MW, though a pipeline of projects is beginning to emerge.2,3,4,5 Much of Spain''s existing utility
The European Union has set a target to reduce greenhouse gas (GHG) emissions by at least 55 percent by 2030 compared to the 1990 levels. 1 To achieve this target, major changes are required in Spain''s energy
The ministry expects the selected projects to attract investments of around EUR 570 million, while contributing to Spain''s target of reaching 22 GW of energy storage by
The Spanish government has set a new 2030 energy storage target of 22.5 GW in an energy strategy submitted to the European Commission. The nation aims to cover over
Provided analysis and modelling to support storage developers, investors and operators on 30+ projects, including BESS, co-located assets and long-duration storage across markets.
The Spanish government is offering 160 million euros ($170 million) in subsidies for energy storage projects, aiming to finance 600MW of projects coming online in 2026.
Electricity is a resource easy to generate, transport and transform, but its storage is a constant challenge in today''s energy landscape. In order to make the production of renewable energy more flexible and ensure its integration into
Spain has increased its target for green hydrogen production capacity in a sign of confidence in an industry that has seen some energy giants scale back plans due to high
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
The market energy storage in Spain, particularly in relation to the BESS systems (Battery Energy Storage Systems), is undergoing a dynamic and accelerated evolution. This transformation is driven by the growing need to
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.
Both the US and global energy storage markets have experienced rapid growth over the last year and are expected to continue expanding. An estimated 650 gigawatts (GW) (or 1,877 gigawatt-hours) of new
Here are Spain''s top 10 energy storage investors, who are shaping grid flexibility, energy security, and decarbonisation. These major investors are funding high-impact initiatives like lithium-ion
The Spanish government has launched its 2030 Storage Strategy, aiming for 20 GW of capacity by 2030. In March 2025, the EU approved Spain''s €700 million storage subsidy program,
Spain''s government has approved an energy storage strategy that it says will put the country "at the forefront" of what is being done in Europe and help it move towards its 2050
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
Renewable energy will cover almost half of the world''s electricity demand by 2030, according to the Renewables 2024 report by the International Energy Agency (IEA),
A roundup of the biggest projects, financing and offtake deals in the energy storage sector that we have reported on this year. It''s been a positive year for energy storage
Tom Harries investigates Spain and Italy as emerging BESS markets. The IEA expects global installed energy storage capacity to expand to over 200 GW by 2030. 1 –
The European Commission on Monday greenlit a new aid scheme to enable Spain to deploy large-scale energy storage with co-financing of up to 85%.
The European Commission has approved a significant €700 million (approximately $763 million) aid scheme to propel the deployment of large-scale energy storage across Spain, marking a
Both the US and global energy storage markets have experienced rapid growth over the last year and are expected to continue expanding rapidly in order to support grid
MITECO anticipates that the program will finance between 80 and 120 energy storage projects before 2030, collectively boasting a total project capacity ranging from 2.5 GW to 3.5 GW. This
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
Spain is targeting 20GW of energy storage by 2030. This BESS was deployed by Ingeteam at a green hydrogen facility in Ciudad Real. Image: Ingeteam. The government of Spain, through the Institution for the
Spain is targeting 20GW of new energy storage by 2030. MITECO also launched a similarly-sized grant scheme specifically for co-located or hybridised energy storage projects, for which proposals were due in March
Spain is targeting 20GW of new energy storage by 2030. MITECO also launched a similarly-sized grant scheme specifically for co-located or hybridised energy storage projects, for which proposals were due in March 2023. Enel Green Power submitted two projects during the first quarter which fit the criteria, totalling 60MWh and 38MWh respectively.
The European Commission on Monday greenlit a new aid scheme to enable Spain to deploy large-scale energy storage with co-financing of up to 85%. The European Commission on Monday approved a new aid scheme for the deployment of large-scale electricity storage in Spain.
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 alongside renewable energy facilities, and storage planned as part of thermal power plants.
A public consultation exercise about the proposed funding program opened on Monday and will close on Friday. Spain already backs energy storage with more than €600 million of NextGenEU funding which was allocated as part of Spain’s, post-Covid Recovery, Transformation, and Resilience Plan.
A power system heavily solar dependent in 2030 will require high levels of short duration battery storage installed in Spain in the near future. Spain is relatively isolated from other markets and only has limited import and export capacity to France, Portugal and Morocco.
As a result, shorter duration storage options like batteries are more suitable in Spain. In Spain, over 50% of excess renewable energy occurs in periods where there is continuous excess for less than 12 hours i.e. a battery that chooses to charge on this energy would be able to discharge within 12 hours.
