Interest in hybrid renewables-plus-storage projects in Spain comes not only from developers but also from the Spanish government. Earlier this month, the Spanish Ministry of Ecological Transition (MITECO) awarded €433 million (US$500 million) in funding to 524 renewable energy projects co-located with BESS, most of which were for solar-plus-storage.
The programme, called RENOINN 2, awarded a total of 2.3GWh of energy storage capacity, eight times the awarded capacity (351.6MWh) in the first iteration of the programme.
Moreover, outside of its home country, the company has made plans to double its BESS portfolio in Chile with the addition of a gigawatt-hour-scale BESS at an operational solar PV plant in the Atacama Desert, northern Chile. Integrated into the solar PV plant El Romero (246MWp), the BESS project is expected to begin commercial operations by the end of 2027 and will have a 196MW/980MWh capacity.
The company has also started construction on another 1GWh BESS project in the South American country last year. The project will be located at the Malgarida solar PV complex which has been operational since 2021.
