What is Spain's battery storage market?
Spain’s battery storage market is dominated by customer-sited systems. Utility-scale storage remains nascent. Currently, Spain’s storage market is mainly composed of small-scale batteries co-located with solar PV. Spain’s household electricity prices now stand at over EUR 0.30/kWh on average.
Can battery storage systems be retrofitted in Spain?
The first solution is battery storage systems that enable peak shift, i.e. feeding electricity into the grid at times when the wholesale price is higher, usually before and after sunset. Fortunately, the retrofitting of battery storage systems in Spain is unproblematic from a regulatory perspective.
Does Spain have a storage market?
Currently, Spain’s storage market is mainly composed of small-scale batteries co-located with solar PV. Spain’s household electricity prices now stand at over EUR 0.30/kWh on average. In addition, Spain’s reliance on fossil gas has increased price volatility in recent years.16,17,18,19
Is combining solar and storage a good idea in Spain?
This variability, combined with Spain’s excellent solar resources, make the economics of combining solar with storage increasingly favorable. The market for utility-scale batteries has been almost non-existent until recently as the market has lacked a clear policy and regulatory framework.
Is a capacity market a viable source of income in Spain?
The introduction of a capacity market is also being considered in Spain. This possible additional source of income (in addition to participation in inter-day trading, first and second regulation), depending on its design, can be decisive for the decision in favour of storage.
Will Spain achieve 20GW of storage by ?
In addition, Spain has developed a national storage roadmap that includes a target to achieve 20GW of storage by . However, current levels of customer-sited storage adoption already exceed its targets.37 To date, neither has been sufficiently attractive to mobilize investments at scale.
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