Successful bid price of PV energy storage project in Spain 2026

How much money will Spain spend on energy storage projects?

Spain’s ministry for the ecological transition said on Friday it will allocate EUR 700 million (USD 799.4m) in grants through competitive tendering to support large-scale energy storage projects in an effort to improve grid flexibility and integrate more renewables. Vanadium redox flow battery installed at the Son Orlandis solar farm in Mallorca.

How much does solar PV cost?

By technology, 2,036MW were awarded in solar photovoltaic (1,000 MW are part of the offer in which there was no technology restriction) and 998 MW in wind. As for the prices achieved, according to Government data, the weighted average price was 24.47 €/MWh for solar PV and 25.31 €/MWh for wind.

How much money does ESS invest in a project?

The total investment is estimated at €786 million, with an average subsidy covering 21.32% of a project's cost. To keep reading, please visit our ESS News website. This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: [email protected].

Will a capacity market be operational in 2026?

The Ministry for the Ecological Transition and the Demographic Challenge (MITECO) has opened consultation about a capacity mechanism to ensure security of electricity grid supply. The resulting capacity market would be expected to be operational in 2026.

How many megawatts did a company bid for a wind project?

A total of 84 companies made bids, reaching 9,700 MW, which is three times the power offered. The megawatts allocated were distributed amongst 32 business groups. Capital Energy is won the most megawatts with a total of 620 MW of wind projects (20% of the total offer).

Does the capacity market guarantee the profitability of storage projects?

The capacity market is a mechanism designed to ensure the security of electricity supply, complementing revenues from generation, storage, and demand response. However, it should not be considered a tool to guarantee the profitability of storage projects.