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Lithium price volatility and a 3% tax rebate have driven an 8% increase in battery costs in early 2026, while Jinko ESS has already quoted more than 11 GW of energy storage projects across Iberia, signalling sustained momentum in the region’s BESS market.
Solar PV will rise from 1,580.96 MW in 2025 to 1,907.48 MW by 2027, reinforcing its role as the backbone of the power mix. However, 189,082 MWh of curtailed renewable energy is pushing the country to tender 600 MW (nominal) of battery energy storage systems (BESS) to secure grid integration and sustain renewable expansion.
The South American nation joins the world’s leading energy policy body, reinforcing energy security and accelerating its net zero transition.