Spanish backup power storage application market
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3 FAQs about [Spanish backup power storage application market]
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
Should Spain launch a capacity market?
In Spain, the launch of a capacity market would add to favorable tailwinds including massive solar and onshore wind resource and government willingness to drive development of alternative technologies such as marine renewables.
Does Spain have a high interconnection capacity?
Grid-wise, Spain (and the Iberian Peninsula) has a very limited interconnection capacity with the Central Europe network. It is currently close to 3000MW, resulting in a 1.9% cross-border capacity ratio, which is far from the 15% that the European Commission set as a target for 2030.
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