The accelerating global demand for battery storage is driving the construction of factories in Southern Europe, and Soria, a province in the northeast of Spain, welcomes your proposals.
The availability of land, proximity to local and global transport and logistic hubs, a competitively priced energy supply (in 2023, Spain offered the fifth most affordable electricity prices in Europe, just after the Nordic countries) are among the critical factors in selecting sites for the manufacture and assembly of batteries and energy storage systems.
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
Soria stands at the crossroads of key infrastructure networks, providing direct access to the main economic hubs of central and northeastern Spain and acting as a gateway to the entire southern European market.
It is also essential to have a welcoming local government in a politically stable region. Soria, a province in the Castile and León region of central Spain, has all the above advantages and more, including a high quality of life for you and your teams.
Although the province enjoys a beautiful landscape, medieval streets and historic architecture, it is rapidly becoming a high-tech hub for industries, research centres and renewable energy.
It is worth noting that Siemens-Gamesa has one of the largest wind turbine nacelles factories of the group in Ágreda, a medium-sized town located at the north of Soria province. Having companies such as Siemens-Gamesa in Soria not only proves that the province has a highly educated workforce but also very competitive wage costs and high productivity standards.
Additionally, the Spanish government has selected Soria as the site for a new Data Centre dedicated to the national Social Services Ministry. Soria was chosen due to its altitude of 1,000 meters above sea level, making it one of the coldest areas in Spain. With an annual average temperature of 11ºC, Soria offers significant cooling efficiencies, which enhance energy efficiency and reduce operational costs for Data Centres.
Other recent additions to greenfield and inward investment opportunities in Soria include the ‘PEMA,’ a specialised business park for environmental and sustainable companies.
Tenants such as a sustainable aviation fuel producer (SAF), lead by Solarig and a facility that captures and purifies industrial carbon dioxide operated by Carburos Metalicos and ENSO from an energy biomass plant for use in the food and beverage industry, underscore Soria’s commitment to attracting circular economy businesses and innovators.
Invest in Soria
Invest in Soria is your partner to success in the highly competitive battery energy storage system (BESS) sector.
Invest in Soria was founded in 2017 by entrepreneurs for entrepreneurs, funded by the regional government and backed by the provincial business council. Invest in Soria promotes the province’s economic competitiveness and simplifies the process of helping you set up your business.
Coming to Soria means benefiting from significant advantages such as:
- Over 3 million square metres of industrial land at prices starting from €0 per square metre, spread over 21 industrial estates in 18 towns
- Generous investment subsidies of up to 40% and differentiated taxation which can reduce costs to businesses of Social Security contributions by 20%
- A highly educated workforce, including R&D support from public and private academic institutions in the province such as the Renewable Energy Development Centre (CEDER)
- Competitive wage costs and high standards of productivity
- Political and social stability, with local government and administrative institutions committed to promoting economic growth
- Clean air and high protection of natural resources, contributing to a high quality of life for workers
Within a radius of approximately 300km, Soria offers access to a market of around 15 million people, distributed across the country’s principal economic regions: Madrid (just two hours drive to and from Madrid’s airport), the Basque Country, Zaragoza, Catalonia, and Valencia. Soria is the premier location as a gateway to the entire Southern European market.
About 60% of Spain’s electricity is generated from renewable sources today and is targeted to reach 80% by 2030. That not only makes it a major demand centre for battery storage but also means factories can benefit from locally produced renewable energy, saving money and reducing emissions.
Learn more about the endless possibilities for green energy technology production in one of Europe’s greenest regions, by connecting with Invest in Soria today at +34618751906 or [email protected]
