Spanish energy storage policy

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.

Will Spain reach 30 GW of energy storage by 2050?

The Spanish government on Tuesday approved the energy storage strategy, targeting some 20 GW of storage capacity in 2030 and reaching 30 GW by 2050 from today’s 8.3 GW.

Does Spain need energy storage?

Spain quantified its storage needs in line with decarbonisation targets established in the 2021-2030 national energy and climate plan (NECP), which sets the share of renewables in gross final consumption of energy at 42% by the end of the decade.

How will the European Commission support large-scale energy storage in Spain?

The European Commission on Monday approved a new aid scheme for the deployment of large-scale electricity storage in Spain. Subsidies will be available for standalone energy storage sites, projects installed alongside renewable energy facilities, and storage planned as part of thermal power plants.

Why did the Spanish government support the development of energy storage?

Tell us and we will take a look. The Spanish government announced its support for the development of technology for energy storage for renewables, to increase the system's flexibility and the stability of the network.

Can Spain deploy large-scale energy storage with co-financing of 85%?

The European Commission on Monday greenlit a new aid scheme to enable Spain to deploy large-scale energy storage with co-financing of up to 85%. The European Commission on Monday approved a new aid scheme for the deployment of large-scale electricity storage in Spain.