The winning bidder for the port of spain pumped energy storage project

How many new energy storage projects are in Spain?

Spain targets 20GW of new energy storage by 2030. The first tender ended up being oversubscribed with more than 1.1GW/1.1GWh capacity, between 58 projects, not selected for the funding of the tender. The projects that were awarded in the PERTE tender were measured based on four criteria, with different points.

What is Spain's biggest pumped storage facility?

Embalse de Cenza. Credit YouTube EUROPE’S biggest pumped storage facility with enough capacity to supply 10 million people with power for a day is earmarked for Spain. Spanish giant Iberdrola is set to build the €1.5bn Conso II project at Vilariño de Conso near Ourense, Galicia. Is there a dark side to Spain’s green energy revolution?

Why is pumping hydro storage important in Spain?

Pumped hydro storage already plays an important role in helping to balance large amounts of renewable energy on the Spanish grid, which as of April 2024 was operating with between 60% and 70% renewable energy penetration. Battery storage, meanwhile, is increasingly being co-located with renewable energy plants to avoid revenue cannibalization.

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.

Which companies have been awarded a perte project in Spain?

Among the companies awarded from the Spanish strategic projects for the economic recovery and transition (PERTE in Spanish) programme are utilities Iberdrola, Naturgy, Enel Green Power but also renewables developer Fotowatio Renewable Ventures (FRV) among others.

How much does a battery plant cost in Spain?

Battery plants picked up more than 655 MW of capacity in the auction, with a clearing price of £35.79 per kW a year. This volume was dwarfed by the almost 3 GW of capacity awarded to gas plants, which is likely a guide to what will happen in Spain as well.