350MW/1GWh Solar & Storage Planned For Tenerife

• An action protocol has been signed between Island Council of Tenerife and Spanish Institute for the Diversification and Saving of Energy to encourage higher penetration of renewable energies in the island's power supply
• The protocol will establish a collaborative framework between IDAE and ITER of Tenerife to work towards this goal
• One of the highlights of this agreement is the possibility of a 350 MW solar power plant with 1 GWh of energy storage to come up

The Island Council of Spain's island Tenerife along with the Spanish Institute for the Diversification and Saving of Energy (IDAE) have signed an action protocol to help the island go in for higher integration of renewable energies in its electricity supply. Under this, the team plans to conduct a feasibility study for a 350 MW solar PV power plant with 1 GWh of lithium battery energy storage.

The storage component is expected to provide high efficiency, reliability and low response time for electricity supply, and also enable proper management of solar power generation which can then be adapted to the demand curve of the island.

IDAE considers a project of this magnitude would be one of the most important renewable generation projects in Spain.

The aim behind the protocol is to establish a collaborative framework between mainland Spin based IDAE and Tenerife based Technological Institute and Renewable Energies (ITER) that has signed the protocol on behalf of the island council.

Spain is one of the most attractive solar power markets in Europe these days with a huge solar pipeline consisting of tender based systems and PPA based projects. The government is working on Climate Change and Energy Transition Law (LCCTE) which when approved is likely to put the country on path to achieve 37 GW of solar by 2030, which would mean around 3 GW of new installations per year (see Spain Aims For 74% RE By 2030).