Spain launching grants for 600MW of energy storage, including thermal, for H1 2026 completion

LinkedIn
Twitter
Reddit
Facebook
Email

The government of Spain is launching €160 million (US$170 million) in grants for energy storage projects, aiming to fund 600MW of projects to go online in 2026.

The Ministry for the Ecological Transition and the Demographic Challenge (MITECO) opened a public consultation into the grant scheme yesterday (6 June). It is seeking comments on the proposal, which can be accessed in full here (in Spanish), by 23 June, in two weeks’ time.

This article requires Premium SubscriptionBasic (FREE) Subscription

Enjoy 12 months of exclusive analysis

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Annual digital subscription to the PV Tech Power journal
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

The competitive bidding process would see MITECO provide €150 million in grants for energy storage projects that are either standalone or paired with renewable energy resources, new or existing, including pumped hydro energy storage (PHES). Another €10 million would go towards thermal energy storage projects.

As is normally the case with such tenders in Spain, there are specific budgets for the overseas regions of the Canary Islands (€15 million) and Balearic Islands (€4 million).

MITECO described the programme as one for ‘innovative’ energy storage projects but did not provide more information about the technology or performance criteria other than the above.

Grants will cover 40-65% of the project cost depending on the size of the company applying, while universities can have the whole project cost covered by the non-refundable grant.

Eligible projects will be judged on economic viability, their capability of helping to integrate renewable energy on the grid, and the creation of local employment and business opportunities as part of their development.

MITECO is looking to pick the winning proposals in the final quarter of 2023 and the projects will need to come online before 30 June 2026. 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.

Read Next

June 30, 2025
Energy storage is essential to capture solar and wind generation, Karnataka’s energy minister said, at the opening of the ‘first fully automated’ battery storage factory in India.
June 27, 2025
Australia’s AER has approved plans to convert Basslink to a regulated transmission service, with implications for PHES developments.
June 27, 2025
The Australian Energy Market Commission (AEMC) predicts South Australia and New South Wales could experience reliability gaps from 2026-27 and 2027-28.
June 24, 2025
Owner-operator BW ESS and developer Ibersun have entered into a partnership to develop and deploy 2.2GW of BESS projects in Spain.
June 24, 2025
India’s renewable energy-adjacent battery storage sector rolls on, with new procurement and regulatory moves from SECI and CEA.

Most Popular

Email Newsletter