Financing Plan for a 5MWh Mobile Energy Storage Container in Portugal

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3 FAQs about Financing Plan for a 5MWh Mobile Energy Storage Container in Portugal

How many hybrid storage projects are being deployed in Portugal?

Additional hybrid capacity is being deployed, namely by Iberdrola, Greenvolt, Akuo, EDP and GALP, supported by Portugal's Recovery and Resilience Plan (PRR) programme under the “Flexibility and Storage” incentive call. Under this PRR scheme, 41 projects were approved, totalling around 500 MW of new storage capacity and € 99.75 million in grants.

Will a 500 MW energy storage project help a greener economy?

The addition of at least 500 MW of energy storage projects “will enable significant advances in the decarbonization of the energy system and the transition to a greener economy, aligning with the goals established in the National Energy and Climate Plan 2030.

How much money did solara4phase4 receive?

The biggest grant was awarded to Solara4Phase4 to the tune of EUR 16.4 million. The second biggest went into the hands of another PV developer, Revendesol, amounting to EUR 14.75 million. The list of awarded projects includes six developments from Spanish utility Iberdrola, totaling almost EUR 20 million.

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