On Friday 7 July, the European Commission authorised a Spanish State aid scheme worth €350 million, to be financed via the ‘Recovery and Resilience Facility’ (RRF) of the Next Generation EU European Recovery Plan, to support the construction and operation of electricity storage facilities.
The aid will support the construction of electricity storage facilities intended to be connected to the transmission or distribution network with a joint maximum capacity of around 1,000 MW.
The...