New energy storage project in port of spain invents patent for wind energy storage

How much money does Spain spend on energy storage projects?

The Spanish ministry for the ecological transition on Friday opened two funding programmes, providing a combined total of EUR 280 million (USD 310.4m) in state aid to advance energy storage projects. Battery storage system in Murcia, Spain. Image by Iberdrola ()

How many battery energy storage systems are in Spain?

More than 182 MW of the battery energy storage systems (BESS) highlighted in Spain’s Official State Gazette (BOE) are for hybridization with existing solar and wind generation capacity. From ESS News pv magazine España lists the most notable energy storage projects announced in Spain’s BOE in the fourth quarter of 2024.

Is Spain targeting 20GW of energy storage by 2030?

Spain is targeting 20GW of energy storage by 2030. This BESS was deployed by Ingeteam at a green hydrogen facility in Ciudad Real. Image: Ingeteam. The government of Spain, through the Institution for the diversification and energy savings (IDAE) has awarded 880MW/1,809MWh in its first tender for energy storage to be co-located with renewables.

How are pumped storage hydro projects funded in Spain?

The programmes are funded through Spain's coronavirus recovery facility. The Institute for Diversification and Energy Saving (IDAE), the agency of the ministry for the ecological transition, will manage the tendering process. Applications for funding for pumped storage hydro project can be sent from September 22 until October 20, 2023.

How much energy storage capacity does Spain have?

Spain had 54,621.5kW of capacity in 2022 and this is expected to rise to 2,500,000kW by 2030. Listed below are the five largest energy storage projects by capacity in Spain, according to GlobalData’s power database. GlobalData uses proprietary data and analytics to provide a complete picture of the global energy storage segment.

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 2050 climate neutrality target. The roadmap foresees the country ramping up its storage capacity from the current 8.3GW level to 20GW by 2030 and then 30GW by 2050.