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EUROPE'S biggest pumped storage facility with enough capacity to supply 10 million people with power for a day is earmarked for Spain. Spanish giant Iberdrola is set to build the €1.5bn Conso II project at Vilariño de Conso near Ourense, Galicia. READ MORE: Is there a dark side to Spain's green. . Spain has launched an ambitious €700 million (around $796 million) program to increase its energy storage capacity. This plan will add 2.5 to 3.5 gigawatts (GW) of storage. It includes pumped hydro, thermal energy storage, and battery systems. The goal is to improve how Spain uses renewable energy. . 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). . Energy storage systems in Spain are a key element in the fight against climate change, as they help us to address the challenge of the energy transition. These systems make renewable energy production more flexible; and therefore help us to guarantee its integration into the Spanish electricity. . Spain's storage landscape is diversifying with BESS and pumped hydro projects across multiple regions, led by major utilities and new market entrants, and a connection pipeline that signals an accelerated rollout towards PNIEC targets. The Ministry for the Ecological Transition and the Demographic. . European Commission approves new 700 million aid scheme to boost energy storage in Spain [News] The Ministry of Ecological Transition and Demographic Challenge will promote the large-scale deployment of this technology by co-financing investments of up to 85%. The European Commission has approved a.
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