811 MW/3.6 GWh of storage projects set for Spain’s PERTE funding

The Ministry for Ecological Transition and the Demographic Challenge (MITECO) has published the provisional resolution of its first tender for innovative storage projects.

Of a total budget of EUR 180 million, EUR 167.6 million in CAPEX subsidies has been allocated toward 46 projects, with a cumulative power of 811.16 MW and storage capacity of 3,590.21 MWh.

The total investment is estimated at EUR 786 million, with an average subsidy covering 21.32% of a project cost.

If the provisional resolution is confirmed, EUR 150 million will be granted to 35 battery energy storage projects with a cumulative power output of 757 MW and a storage capacity of 3 GWh. A total of 80 MW of projects are located in the Canary Islands.

These projects have a minimum pre-subsidy value of EUR 170/kWh and a maximum of EUR 409/kWh. The projects have a minimum storage duration of four hours and a maximum of 4.5 hours.

The main beneficiaries include:

• Benbros, a holding company run by the Benjumea brothers, with seven projects for 129.19 MW and almost 523 MWh of storage capacity and EUR 18.46 million in grant money;
• Sinne Energy, run by Garcia Salom, with a project of 97 MW and 400 MWh of storage and EUR 32.37 million;
• Field with two projects for 79 MW and EUR 22.58 million; and
• Iberdrola with 12 projects which add up to 70 MW and just over 313 MWh of storage capacity backed by EUR 32.28 million.

Other beneficiaries include Dh Ecoenergías, IM2, Abo Energy, Fotowatio Renewable Ventures (FRV), Abei Energy, Tuya Power, IBV Sustainable Solutions, RIC Energy, EDPR, Atlantica Sustainable Infrastructure, Red de Calor del Henares, Kyoto Technology, REBI, Dargon Energy, Sungrow, BlueSolar Technologies, and Dekitra.

The projects should be deployed between 2025 and 2026.

From pv magazine Spain