The beneficiaries of the aid are distributed across nine autonomous communities, with Castilla-La Mancha and Extremadura as the territories with the most power (632.4 MW) and the highest percentage of aid (95.4 million). This large number of projects demonstrates the sector's high interest in storage to provide flexibility and adaptability to the electrical system, since the 36 projects will mobilize 570 million euros in investments. An interest that has exceeded the available budget, since 266 applications have submitted to the call whose requests for subsidies multiplied the available amount by seven.
Most of the projects benefiting from aid are aimed at incorporating or reinforcing storage capacity in wind or photovoltaic generation facilities using electrochemical technology. They are located in 27 municipalities in nine autonomous communities: Andalusia, Aragon, Castilla y León, Valencian Community, Galicia, Balearic Islands, Navarra, Castilla-La Mancha and Extremadura. Furthermore, 75% of the projects - 27 initiatives, three out of four - are located in areas of demographic challenge or just transition.
Storage is a fundamental technology to guarantee a 100% renewable electricity system in 2050. By the end of 2023, almost 51% of the electricity generated in Spain is already of renewable origin. For this reason, the Government promoted the Renewable Energy, Renewable Hydrogen and Storage Perte (EHRA), the fourth of the strategic projects of the Transformation and Resilience Recovery Plan, which promotes technological development, knowledge, industrial capabilities and new models. of business that reinforce Spain's leadership position in the field of clean energy. This plan will mobilize an investment of more than 16.3 billion, between contributions from the Recovery Plan and private funds.
In addition, the Recovery, Transformation and Resilience Plan (PRTR) establishes that almost 40% of the investments will be allocated to the ecological transition. With the renewable energy part we want to support the areas associated with the energy transition in which Spain is well positioned, such as renewable energies, power electronics, storage or renewable hydrogen, and reinforce those with less presence.
In parallel to this call for aid for innovative hybrid energy storage projects with renewable installations, the Perte ERHA includes three other lines of aid aimed at activating innovative projects and new business models linked to storage, including those related to independent electrical storage. , thermal and reversible pumping, for a total of 446 million. Added to these are the aid programs for self-consumption and the promotion of renewables in island territories, already resolved, which are committed to storage as a key eligible technology.
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