Solar diesel hybrid storage project financing options in Spain 2025

Can Spain deploy large-scale energy storage with co-financing of 85%?

The European Commission on Monday greenlit a new aid scheme to enable Spain to deploy large-scale energy storage with co-financing of up to 85%. From ESS News The European Commission on Monday approved a new aid scheme for the deployment of large-scale electricity storage in Spain.

Will Spain's energy storage sector expand?

The coming years will reveal the answer. Spain’s energy storage sector is set to expand with €699M in funding, supporting up to 3.5GW of capacity. Discover key opportunities and challenges for investors.

Can energy storage projects get 85% co-financing?

Standalone and renewables-plus-storage battery projects can apply for up to 85% co-financing, along with pumped hydro and thermal energy storage sites. Friday saw the publication of a call for applications for energy storage projects hoping to receive support from a €700 million ($794 million) EU-funded program in Spain.

Why are solar and wind energy projects not a good investment?

These issues have resulted in lower-than-expected returns on investment, difficulties in project financing, and a decline in both M&A transactions involving renewable assets and their valuation, with solar energy production being more significantly impacted than wind energy projects.

What is happening in Spain in 2035?

These include green hydrogen, biomethane and BESS, among others. Particular attention has been given to the closure of coal-fired power plants. Additionally, the Spanish government has set a target to close all nuclear plants by 2035 and does not currently anticipate the construction of new combined cycle plants.