EU Approves Spain’s €700M Energy Storage Subsidy Plan
2025-03-19 16:48
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Wedoany.com Report-Mar 19, The European Commission on Monday approved a new aid scheme for the deployment of large-scale electricity storage in Spain.
Subsidies will be available for standalone energy storage sites, projects installed alongside renewable energy facilities, and storage planned as part of thermal power plants.
The €700 million ($763 million) program, run by Spain’s Ministry for Ecological Transition and the Demographic Challenge (MITECO), will offer matched-finance worth up to 85% of the cost of energy storage sites.
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