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Spain Energy Storage Grants Expansion

Sector: Geothermal • Location: Spain

Source: Mercomindia.com

Project
Planned

Spain's EPE Institute for Energy Diversification and Saving (IDAE) has approved an expansion of the budget allocation for non-repayable grants to support 2,416.54 MW of energy storage projects. The grant amount increased by 20% from €699.75 million to €839.71 million, aiming to support 144 projects co-financed by the European Union's ERDF 21-27 Funds. Grants will be awarded through a competitive b

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The project “Spain Energy Storage Grants Expansion” is an infrastructure initiative in the Geothermal sector, located in Spain. Taiyo aggregates data on it from Mercomindia.com.

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planned

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Description

Description

Spain's EPE Institute for Energy Diversification and Saving (IDAE) has approved an expansion of the budget allocation for non-repayable grants to support 2,416.54 MW of energy storage projects. The grant amount increased by 20% from €699.75 million to €839.71 million, aiming to support 144 projects co-financed by the European Union's ERDF 21-27 Funds. Grants will be awarded through a competitive bidding process with specific caps on aid per entity and project. Eligible projects include standalone energy storage systems, hydroelectric pumped storage, thermal storage projects, and hybrid storage with renewable generation. Projects will be evaluated on economic, administrative, socioeconomic, and innovation criteria, with additional considerations for location, gender equality initiatives, European-made components, and advanced storage technologies.

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