Build, operate, win! Position yourself to profit in Spain’s upcoming energy storage surge
Energy storage is about to take center stage in Spain, as the country pushes ahead with its decarbonization plans. According to Spain’s National Energy and Climate Plan (PNIEC), a staggering 74% of the electricity should come from renewables by 2030. This signals an urgent shift towards solar and wind energy.
But as Spain aims for a 32% cut in greenhouse gas emissions from 1990 levels, one thing is clear: it needs to phase out a significant chunk of fossil-fueled synchronous capacity. This change, while necessary, isn’t without its challenges—especially when it comes to managing a grid dominated by variable renewables.
The key to this puzzle? Energy storage.
Energy storage isn’t just a solution—it’s the backbone for integrating renewables smoothly. With the steady rise in photovoltaic and wind installations plugging into the grid, hunger for storage is skyrocketing.
Spain’s projections see a demand for 20 GW of storage capacity by 2030, up from today’s 8.3 GW. Some even argue we’ll need more than that to stabilize the grid truly.
The regulatory environment might feel like shifting sands, but the horizon is clear: the future is in energy storage. This is why RENMAD ALMACENAMIENTO 2024 is an event you can’t afford to miss. Join 400+ forward-thinking executives from the vanguard of the energy storage industry. Dive deep into a market on the rise and discover how your investments can pioneer change in the energy storage industry.