Does Spain support energy storage?
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. From pv magazine España.
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.
How will the European Commission support large-scale energy 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.
What is Spain's energy storage strategy?
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 climate neutrality target. The roadmap foresees the country ramping up its storage capacity from the current 8.3GW level to 20GW by and then 30GW by .
Can Spain deploy large-scale energy storage with co-financing of 85%?
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.
How can Spain transform its energy system into a climate-resilient country?
To ease financing, beneficiaries may request advance payments of up to 100% of the awarded aid, provided certain conditions are met. These efforts are part of a broader strategy to transform Spain’s energy system into one that is more flexible, robust, and climate-resilient.
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