Wednesday, 17 April 2024
BusinessStatkraft obtains aid of 2.5 million from the Government for a storage...

Statkraft obtains aid of 2.5 million from the Government for a storage project in Talayuela

Statkraft has achieved aid of around 2.5 million euros of the Government for the development, installation and start-up of a innovative energy storage project at its ‘Talayuela II’ photovoltaic plantlocated in the municipality of the same name in the province of Cáceres, the company reported.

Specifically, this project has been selected by the Institute for Energy Diversification and Saving (IDAE), dependent on the Ministry for the Ecological Transition and the Demographic Challenge, in its first call for aid for innovative hybridized energy storage projects with renewable energy generation facilities, within the framework of the Recovery, Transformation and Resilience Plan.

The aid granted by the IDAE covers 17 percent of the eligible costs of the project and estimates that the milestone of prior administrative authorization must be achieved in the last quarter of 2024. The project, which will be operational in mid-2025, has associated a total investment of 14.5 million euros.

This is the first storage project developed by the Norwegian energy company in Spain and consists of development and installation of lithium ion batteries which will have a nominal power of 21.6 megawatts (MW) and a discharge capacity of two hours, estimating 40 percent of the power of the Talayuela II photovoltaic solar plant, in which this system is hybridized.

In this way, the plant, which has an installed power of 55 MW peak, will achieve manage energy during production peaks when the network is saturated, improving its efficiency which, in turn, will promote security and guarantee of supply by incorporating flexibility into the electrical system.

The general director of Statkraft in Spain and Portugal, José Miguel Ferrer, considered that the granting of this aid “represents a milestone” for the company in Spain and ratifies “the successful strategy” of the group to accelerate the energy transition in the country.

“We are convinced that Renewables are the solution to address the climate crisis and the volatility of energy pricesbut this deployment must be accompanied by storage solutions that guarantee security of supply and economic viability of renewable facilities,” he said.

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