Spanish grid operator Red Electrica de Espana (REE) is to spend €3.2bn ($3.6bn) by 2022 to integrate the country’s growing renewable capacity. Solar and energy storage capacity are expected to be 37 GW and 6 GW, respectively, by 2030, and the government has set 2050 as the target for Spain to have a complete renewable power system. The country will also need to build up its nuclear capacity, which currently accounts for about 10% of electricity generation. Grid investments will total €2.9bn, with €1.5bn spent on connecting renewables. Other parts of the investment will improve system reliability, supply security, technology upgrades, and storage projects.
Spanish grid operator Red Electrica de Espana (REE) is to spend €3.2bn ($3.6bn) by 2022 to integrate the country’s growing renewable capacity. Solar and energy storage capacity are expected to be 37 GW and 6 GW, respectively, by 2030, and the government has set 2050 as the target for Spain to have a complete renewable power system. Renewable energy investors have previously complained of congested capacity in Spain. Grid investments will total €2.9bn, with €1.5bn spent on connecting renewables. Other parts of the investment will improve system reliability, supply security, technology upgrades, and storage projects.