Spain industrial power storage

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.

Why are battery storage options more suitable in Spain?

As a result, shorter duration storage options like batteries are more suitable in Spain. In Spain, over 50% of excess renewable energy occurs in periods where there is continuous excess for less than 12 hours i.e. a battery that chooses to charge on this energy would be able to discharge within 12 hours.

Does Spain need storage?

Spain is relatively isolated from other markets and only has limited import and export capacity to France, Portugal and Morocco. This means that Spanish storage faces limited competition from cross-border flexibility. The Spanish Government have recognised the need for storage and set a target of 22GW by 2030.

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.

Why does Spain have a shorter electricity supply than Great Britain?

Due to the different generation mix, the duration of excess or shortfall of electricity will be shorter in Spain than Great Britain (GB). This is primarily due to the daily generation profile of solar energy and the longer-term patterns in wind generation, which can last for weeks.