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With the new call scheduled for this month, industry players praise the speed and certainty of the first round but warn that technical and regulatory criteria must evolve to boost competitiveness and attract further investment.
The consultancy argues that batteries enable active market strategies in Spain’s volatile power market, reducing exposure to solar cannibalisation and improving project bankability.
Although renewables already account for 65% of installed capacity in Latin America and the Caribbean, the lack of operational flexibility and energy storage could push the regional power system towards a critical bottleneck by 2026, according to Antonio S.R. Lopez, CEO of A&M TECHNOLOGY.