An agreement has been established between Renewco Power and Atlantica Sustainable Infrastructure for the development of up to 2,200MW of energy storage projects throughout Spain. According to the agreement, Renewbo will be responsible for the projects' development, while Atlantic will carry out construction and operation.
In 2024, Renewco carried out a research to find an investment partner to join its greenfield portfolio consisting of 16 batter energy storage system (BESS) initiatives in Spain.
The success of this partnership depends on grid capacity auctions to be held by the Spanish government soon.
For more information on energy storage projects, please visit EICDataStream.