Port of spain yinghui energy storage

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.

How much will Spain finance a hybrid battery energy storage project?

The Spanish government say it will finance five hybrid battery energy storage projects, with a cumulative installed capacity of at least 600 MW. Each project can secure up to €15 million ($15.68 million) in funding. From pv magazine Spain

What is Spain's capacity for liquid sustainable fuels?

According to our analysis, Spain’s announced capacity for liquid sustainable fuels is projected to be approximately 3.4 Mtpa by 2030, of which HVO (renewable diesel and SAF) capacity ranges between 2.1 to 2.7 Mtpa, positioning Spain among the three largest producers in Europe.

How much does storage cost in Spain?

Namely, from 43 €/MWh (lower case) to 52.5 €/MWh and from 47 €/MWh (high case) to 56.5 €/MWh. This is comparable with the 67 €/MWh LCOH for the TES with retail charges. In Spain, subsidies for storage will be granted through four calls under the PERTE ERHA1 scheme.

How much money can a hybrid energy storage project get?

Each project can secure up to €15 million ($15.68 million) in funding. From pv magazine Spain The Spanish government has announced a funding scheme for hybrid energy storage projects that generate electricity from renewable sources.

How long does a Spanish energy scheme last?

The call for proposals will be centralized by the Spanish Institute for the Diversification and Saving of Energy, which will grant the funds on a competitive basis. Eligible projects have until the end of December to apply. The scheme will last until Dec. 31, 2025. This content is protected by copyright and may not be reused.