The Spanish Ministry of Ecological Transition (MITECO) has published the regulatory basis for the €750 million (US$812 million) incentive scheme for renewables and energy storage manufacturing.
The Spanish government has progressed plans to launch a competitive auction for renewable generation and energy storage in two regions where coal plants have been retired, totalling 829MW of capacity.
For many years now, Spain has been one of the leading European markets for solar PV but has yet to meet the same outcome for energy storage. Sungrow has high expectations for this to happen in the coming years.
What is thought to be the largest vanadium redox flow battery (VRFB) at a solar farm in Europe has been switched on by Enel Green Power in Mallorca, Spain.
Investor NextEnergy Capital has received a US$110 million capital commitment for its solar PV and energy storage-focused fund, NextPower V ESG (NPV ESG).
Germany and Spain are among the energy storage markets of Europe that clients are most keen to learn more about, according to Wood Mackenzie analyst Anna Darmani.
Brookfield-owned renewable energy developer and operator X-ELIO has partnered with another infrastructure investor to invest in German battery storage developer and system integrator Eco Stor.
Utility and independent power producer (IPP) Iberdrola will deploy battery energy storage system (BESS) projects in Spain adding up to 150MW/300MWh, to be co-located with existing PV plants.
The National Energy and Climate Plans (NECPs) of European Union (EU) Member States are largely falling short in recognising the vital role of energy storage, the Energy Storage Coalition has said.
The government of Spain, through the Institution for the diversification and energy savings (IDAE) has awarded 880MW/1809MWh in its first tender for energy storage to be co-located with renewables.
