Battery projects becoming commercially viable in Spainhttps://www.energy-storage.news/spanish-regions-allocating-grid-capacity-to-829mw-of-renewables-and-storage-to-replace-coal-plants/
Hoping that VRFB is considered in the above article. At least Enel Green Power is mentionned as one of the winners of the Spanish Gov grants.
Remember: March 21 2024: "What is thought to be the largest vanadium redox flow battery (VRFB) at a solar farm in Europe has been switched on by Enel Green Power in Mallorca, Spain.
The 1.1MW/5.5MWh flow battery has been installed at Enel Green Power Espana’s 3.34MWp Son Orlandis solar PV plant in the Mallorcan municipality of Palma. The VRFB was provided by Largo Clean Energy, the recently established downstream arm of primary vanadium producer Largo Resources"
Spanish regions allocating grid capacity to 829MW of renewables and storage to replace coal plants
Excerpt
The Spanish government has progressed plans to launch a competitive auction for renewable generation and energy storage in two regions where coal plants have been retired, totalling 829MW of capacity.
The Ministry for Ecological Transition and the Demographic Challenge (MITECO) has opened up a public consultation into a competitive auction for some 829MW of grid capacity for renewable generation and energy storage projects.
The ‘fair transition’ tender will allocate existing grid capacity to new renewable generation and storage facilities in Asturias and Galicia to replace coal plants being phased out in the two autonomous regions.
It will prioritise projects which minimise environmental impact and maximise local socioeconomic benefits, particularly around employment, training and investing the local value chain and industry.
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Large-scale storage ‘on the brink’ of commerciality, PERTE programme to drive deployments
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The government will provide grants covering 40-65% of project cost to nearly 2GWh of energy storage projects via the PERTE programme (an acronym which translates to ‘Spanish strategic projects for the economic recovery and transition’). Winners included projects from Iberdrola, Naturgy, Enel Green Power and Fotowatio Renewable Ventures (FRV).
That tender will drive deployments in the grid-scale energy storage market, with many of them set to come online in 2025 according to research firm LCP Delta, as shown in a chart in this article where executives from FRV and inverter/BESS company Sungrow discussed the market’s drivers and challenges.
Discussing the Spanish market with Energy-Storage.news at Intersolar Europe last month, developer and IPP Cero Generation’s storage commercial manager Patrick O’Connor said: “In Spain we are leaving space on our solar projects for storage, but we don’t want to hold up the progress of the solar, so we will run a financial close process for the PV.”
“We’re on the brink of battery projects becoming commercially viable in Spain, driven by increased volatility in the energy markets and significant reductions in battery costs. It’s clear that co-located PV and battery projects will soon be the most commercially attractive project in Spain, and we’re getting structures in place to allow us to capitalise on this in the near-term.”