Spanish Off-Grid Energy Storage: Powering Independence Under
A typical 10kWh setup now costs €6,000-€8,000 – about the price of a really good Ibiza weekend. But unlike your beach memories, these systems pay for themselves in 5-7
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
However, the government is developing new schemes to incentivise storage deployment, including adapting capacity markets under a new scheme named 'Renewable Energy Economic Regime'. In addition, Spain has recently introduced subsidies specifically for storage systems co-located with solar PV.35
In terms of energy storage, Iberdrola sees it as a key driver of decarbonisation and the energy transition, enabling large-scale and small-scale storage through pumped storage and lithium-ion battery technology to support the electrification of the energy system.
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