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How will Iberdrola improve Spain's energy storage capabilities?

Credit: Petrmalinak/Shutterstock.com. Iberdrola is set to enhance Spain’s energy storage capabilities by installing six BESS installations with a total capacity of 150MW. The projects will be located across Castilla y León, Extremadura, Castilla La Mancha and Andalusia and will help integrate renewable energy into the national grid.

What are the innovative energy storage projects developed by Iberdrola?

Below, we highlight the innovative energy storage projects developed by the company. Iberdrola España has commissioned the first photovoltaic project in Spain to incorporate an energy storage battery at the Arañuelo III photovoltaic plant, with an installed capacity of 40 MW. The project incorporates a 3 MW battery and 9 MWh of storage capacity.

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 does a LCoH cost in Spain?

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. The PERTE ERHA includes storage, renewables and hydrogen and it is funded by the European Union

How will Iberdrola support energy transition in Europe?

In June 2023, Iberdrola secured a loan of €1bn ($1.08bn) from the European Investment Bank to support energy transition in Europe. The company plans to build a network of 19 solar plants and three onshore wind farms across Spain, Portugal and Germany.

What is long duration energy storage (LDEs)?

The 2023 NECP proposes a 173% increase (or 85 GW) in renewable capacity by 2030 from current capacities1; storage2 is expected to increase by 487%, or 15 GW from installed capacity. Long Duration Energy Storage (LDES) can ensure renewable energy is utilised in the system while decreasing reliance on CO2 emitting technologies

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SPAIN

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