811 MW/3.6 GWh of storage projects set for Spain’s PERTE funding

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From ESS News

Spain's Ministry for Ecological Transition and the Demographic Challenge (MITECO) has published the provisional resolution of its first tender for innovative storage projects.

Of a total budget of €180 million, €167.6 million in capex subsidies has been allocated toward 46 projects, with a cumulative power of 811.16 MW and storage capacity of 3,590.21 MWh.

The total investment is estimated at €786 million, with an average subsidy covering 21.32% of a project's cost.

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