Financial sponsors increasingly back European battery storage platforms
Battery energy storage systems (BESS) are now an investable asset class, and infrastructure funds are acquiring developer platforms and financing large portfolios to accelerate deployment across Europe. Carlos Candil and Carlo de Haas of Lincoln International break down the trend
Iberdrola commissions Spain’s largest utility-scale battery systems
Iberdrola has commissioned Spain’s first utility-scale batteries at Alarcón, while Spain’s battery pipeline grows as major utilities develop new projects amid negative electricity prices.
Iberdrola launches heat pump subsidiary
Iberdrola España has started ATuAire, a subsidiary focused on aerothermal heat pump solutions to electrify heating and hot water systems in Spain.
Iberdrola switches on 210 GWh Spanish pumped hydro-battery project
Iberdrola Spain has started commissioning the 225 MW Valdecañas pumped hydro energy storage (PHES) plant, which is hybridized with a 15 MW/7.5 MWh battery energy storage system.
Iberdrola launches innovation contest for PV technologies
Iberdrola, through its Perseo startup program, has partnered with the Spanish National Association of European Business and Innovation Centres (ANCES) to launch an innovation program for startups and entrepreneurs in the PV sector. One selected entry will conduct a pilot project and may scale its technology with the Spanish energy multinational.
Corporate PPAs soar in Europe in 2024, despite decline in total deal volume
Pexapark, a Swiss renewables intelligence provider, says corporate power purchase agreements (PPAs) surged in Europe’s renewable energy market in 2024, despite a decline in overall contracted volumes.
Spain announces 820 MW of energy storage projects for Q4 2024 applications
More than 182 MW of the battery energy storage systems (BESS) highlighted in Spain’s Official State Gazette (BOE) are for hybridization with existing solar and wind generation capacity.
Is the Mexican government reconciling with Iberdrola?
President Claudia Sheinbaum has warned that the Spanish energy company’s subsidiary in the country will not “necessarily” re-enter the Mexican electricity market as before. New regulations on energy storage batteries in the National Electric System (SEN) could, however, encourage the company’s return.
Iberdrola installs 80 kW PV system at Guggenheim Museum Bilbao
The solar array installed by Iberdrola consists of 300 FuturaSun solar panels, which have been chromatically integrated into the two largest roofs of the Frank Gehry building. The PV system will allow for annual self-consumption of 80 MWh.
Weekend Read: Energy sovereignty
Native American lands boast serious PV potential in the United States but getting projects off the ground hasn‘t always been easy. Different tribes are willing to take power generation into their own hands and the landscape could be shifting, thanks to funding from the US Inflation Reduction Act (IRA) and other programs.
