The final resolution of Spain's FEDER programme redraws the country's storage map. Total funding was reduced, major players such as Aquila Capital exited the scheme, while new large-scale projects from RWE and Alter Enersun entered the portfolio. Spanish company FRV aims to hybridize its Spain-based solar portfolio and increase its battery energy storage (BESS) capacity in the country. Fotowatio Renewable Ventures (FRV) is planning to hybridize its Spanish solar. Spain's Ambitious Energy Storage InitiativeSpain is charging ahead with one of Europe's most ambitious energy storage initiatives! The country's groundbreaking battery storage program has exceeded its original €700 million budget, growing to €840 million ($964 million) to support a massive storage. Alpiq has acquired the advanced-stage Navaleo project in Castilla y León, adding 535MW of long-duration storage capacity to Spain's grid and marking its first large-scale hydropower investment outside Switzerland, with commissioning targeted for the early 2030s. 14 GWh under a European Regional Development Fund program. Photo by Anna Vasileva In a.
