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Home / Spain awards EUR 165 million to 2 GW pumped-storage portfolio
Back·July 20, 2026·pv magazine Global
Read at pv magazine Global

Spain awards EUR 165 million to 2 GW pumped-storage portfolio

SolarNews Brief

Spain has awarded EUR 165 million to seven reversible pumped-storage hydropower projects representing about 2 GW of capacity. The projects are expected to add more than 21 GWh of storage across six regions, strengthening long-duration flexibility for a solar-heavy grid.

Spain’s Ministry for the Ecological Transition has selected seven pumped-storage projects for EUR 165 million in support, equivalent to roughly USD 188 million. The portfolio totals around 2 GW and more than 21 GWh of storage capacity across six regions. For solar developers and system planners, the awards matter because Spain is moving from rapid PV deployment toward the long-duration storage needed to absorb midday generation and manage evening peaks.

Read the full story at pv magazine Global

Source: pv magazine Global. Solar News summarizes; the complete story is on the publisher's site.

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