European Commission approves new 700 million aid scheme to boost energy
The European Commission has approved a new aid scheme that will allow Spain to deploy large-scale electricity storage, both in hybridisation with renewable energy facilities
The European Commission has approved a new aid scheme that will allow Spain to deploy large-scale electricity storage, both in hybridisation with renewable energy facilities
Alcaldia del Ayuntamiento de Moraleja Spain has Released a tender for 100 Kwh Photovoltaic Installation Connected To A Low Voltage Interior Network, Under Collective Self -Consumption
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Taking into consideration the ratios of aid granted per megawatt of storage in previous calls, 2.5 to 3.5 gigawatts of new capacity could be expected. This decisive boost to the development of energy storage will help ensure the transformation of the energy system to make it more flexible, robust and resilient.
According to IEA data, there are currently 540 GW of independent storage projects worldwide that are awaiting grid connection. The vast majority of these storage projects are still at an early stage or being explored.
The electro-chemical battery storage project uses lithium-ion battery storage technology. The project was announced in 2021 and will be commissioned in 2024. The project is owned and developed by Soto Solar.