The Spanish government has launched a funding program for hybrid energy storage systems with a capacity of 600 MW that generates electricity from renewable sources. Each project is eligible for funding of up to EUR15 million (US$15.68 million).
Five storage systems will be financed by the funding initiative. The projects must use renewable energy sources, but the available money will solely support the addition of storage. TEach installation will receive funding based on project expenses and developer size. As long as they don't cover the same expenditures, the Spanish government's incentive plan and EU programs can support the same project.
The government will only subsidize projects that would not be financially viable without its assistance. Before applying for funding, projects in development will not be eligible. Pre-funding projects are ineligible. Developers can get grid connection permissions during execution, thus projects do not need them for funding. To expedite project funding, up to 80% of the total funds may be requested in advance. Applications for eligible projects are due by the end of December. The program will continue through December 31, 2025.
Country updates
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November 30, 2022
Encavis buys 55 MW solar project in Guillena
Encavis AG and Hive Energy have signed an agreement for the acquisition of a 55 MW ready-to-build (RTB) solar photovoltaic (PV) project in Spain. Once completed, the solar park planned in Guille...
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November 29, 2022
Soltec, Enel to build solar tracker factory in Aragon
Enel Green Power España and Soltec have agreed to construct a solar tracker factory in the warehouses and facilities of a decommissioned thermal power station in Teruel, Aragón, eastern...
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Saint-Gobain, Endesa sign PPA for Spanish renewable energy
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November 25, 2022
ib vogt starts construction on 149 MWp solar PV project in Zamora
ib vogt has commenced the construction of the 149 MWp Garnacha solar project in the province of Zamora in Spain. Norddeutsche Landesbank Girozentrale (NORD/LB) and Santander Corporate & Investmen...
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November 25, 2022
Copenhagen Infrastructure Partners secure sites for its biogas projects in Catalonia
Copenhagen Infrastructure Partners (CIP) has secured two sites in Catalonia, Spain, for its two large-scale industrial biogas projects. The two plants will save more than 150,000 tons of CO2 yearly....
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