Will Spain be a Bess hotbed?

LCP Delta and Santander have combined their expertise to analyse the opportunity for investment in battery energy storage systems (BESS) in Spain. With a high degree of solar generation in 2030, coupled with limited levels of interconnection, the Spanish market looks set to be a BESS hotbed once policy conditions adapt.

What is Bess & how does it work?

The BESS installations will operate as hybrid systems, paired with solar energy sources, allowing both the photovoltaic plant and the battery to share the same connection point. The projects have been recognised as Strategic Projects for Economic Recovery and Transformation within the country’s renewable energy, green hydrogen and storage division.

Is a hidden opportunity emerging for battery energy storage systems (Bess)?

Amidst this backdrop of challenges, a hidden opportunity emerges for Battery Energy Storage Systems (BESS). Spain and Portugal, trailing behind their European counterparts in BESS regulation, now have a chance to leap forward.

Will Spain be a Bess hotbed in 2030?

With a high degree of solar generation in 2030, coupled with limited levels of interconnection, the Spanish market looks set to be a BESS hotbed once policy conditions adapt. LCP Delta and Santander estimate that €4.8bn will need to be invested in BESS to meet the Spanish Government’s target of 22GW storage by 2030.

How much does Bess cost in Spain and Italy?

BESS in Spain and Italy: 45 million euros of premium. Tom Harries investigates Spain and Italy as emerging BESS markets.

What are the benefits of a Bess system?

The BESS systems They offer multiple benefits that position them as an effective solution for energy storage: Flexible and suitable: BESS systems can be adapted to different scales, from residential applications to large-scale installations, allowing flexible integration into existing energy infrastructure.