Spain

Two sponsors of one of Spain’s iconic subsidy-free plants have sealed a deal to deploy a smaller successor in the same area, planned again without support from government money.

Yingli’s European subsidiary has supplied Spanish solar developer Solaria Energia y Medio Ambiente with PV panels for three plants with a combined 110MW of capacity.

A new report from analysts at Wood Mackenzie forecasts 6.6 GWh of residential energy storage to be installed across Europe by 2024. The economics of the technology are at a tipping point, increasingly reaching grid parity in European markets. With rising electricity demand and falling battery system costs, the trend will further spread across the continent and fuel an uptick in demand.

One of Spain’s largest banks has gotten behind a utility-scale solar portfolio, planned without support from auctions nor power purchase agreements (PPAs).

The costs of residential solar-plus-storage have already dropped or will only take a few years to drop to nation-wide grid averages across key European markets, according to Wood Mackenzie.

The €29.7 million financing package was awarded by Banco Sabadell. Renovalia’s 79.2 MW solar park will be Spain’s first PV facility to sell all of its output on the spot market.

ABO Wind has reached key solar milestones across two of its European target markets, notching up a major sale in Spain and linking its first Hungarian PV project.

Spain has an opportunity in its upcoming reform of electricity charging to clear hurdles for self-consumption and electric vehicles (EVs), according to national PV body UNEF.