Spain provides financial support for 600 MW of utility-scale storage – Policy

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From pv magazine Spain

The Spanish authorities has introduced a funding scheme for hybrid vitality storage initiatives that generate electrical energy from renewable sources. The scheme is a part of its Restoration, Transformation and Resilience Plan (RRTP).

The scheme will finance 5 storage initiatives with a cumulative put in capability of a minimum of 600 MW, or equal complete vitality provide. The initiatives should be hybridized with renewables, however the funds will solely cowl the addition of storage.

The utmost funding out there per challenge and per developer is €15 million. The quantity of assist for every set up will probably be decided in keeping with complete challenge prices and the scale of the builders. The identical challenge may be financed each by the Spanish authorities’s incentive scheme and different packages from the European Union, so long as the funds aren’t used to cowl the identical prices.

The federal government will solely present subsidies to initiatives that wouldn’t be financially viable with out state assist. Initiatives below growth earlier than making use of for funding won’t be eligible. Initiatives don’t require grid connection permits to qualify for financing, as builders can get hold of permits throughout the execution section. Advance cost of as much as 80% of the whole funds could also be requested to facilitate challenge financing.

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Commenting on the initiative, Luis Marquina, president of Spain’s storage affiliation Aepibal, advised pv journal that it “is a step ahead, indeniable and needed, however which additionally raises many questions.” He hopes these questions will probably be answered in future consultations with the federal government, noting that clarification on what counts as an progressive storage challenge and the beginning date of a hybrid challenge are wanted.

The decision for proposals will probably be centralized by the Spanish Institute for the Diversification and Saving of Power, which is able to grant the funds on a aggressive foundation. Eligible initiatives have till the tip of December to use. The scheme will final till Dec. 31, 2025.

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