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Webinar informativo de BORALMAC 2: proyectos de almacenamiento energético por bombeo reversible
Summary
The second convocatorial project aims to finance the creation and modification of hydroelectric centers with an adaptation of 90 million euros from the recovery plan. This initiative focuses on renewable energy and energy storage, supporting Spain's green transition and enhancing the legal framework for investments.
The execution period for the second convocatorial is set until June 30, 2035, with a structured process involving several phases for project evaluation. The project requires installations to have a minimum power of 25 megabattes and a storage capacity of at least 4 hours.
A mandatory participation guarantee of 2% of the requested aid is introduced, which must be registered by February 26. Eligible costs remain similar to the first convocatorial, with specific caps on technical studies and construction expenses.
The application process requires detailed documentation, including an Excel economic memory outlining project costs and financing plans. Participants are advised to consult a live document for frequently asked questions and to gradually upload documentation to avoid system overload.
Perspectives
Webinar on energy storage projects.
Support for Energy Storage Initiatives
- Promotes the creation of new hydroelectric centers
- Encourages investment in renewable energy technologies
- Supports Spains green transition objectives
- Introduces a structured evaluation process for project proposals
- Mandates participation guarantees to ensure commitment
Concerns Over Implementation and Equity
- Questions the feasibility of modifying existing infrastructure
- Highlights potential financial barriers for smaller entities
- Raises concerns about the uniformity of eligibility criteria
- Notes the risk of unequal access to funding based on technological requirements
Neutral / Shared
- Sets a budget of 90 million euros for the second convocatorial
- Establishes a timeline for project submissions and evaluations
- Defines technical requirements for eligible projects
Metrics
capacity
greater than 25 megabattes
minimum power requirement for installations
Ensures projects can effectively contribute to energy storage.
power of bomb and turbine, which has to be greater than 25 megabattes
storage_duration
greater equal to 4 hours
minimum storage capacity requirement
Critical for ensuring energy can be stored and utilized effectively.
The capacity of storage, it has to be greater equal to 4 hours
execution_deadline
June 30, 2035 date
maximum execution date for projects
Sets a clear timeline for project completion.
the maximum execution date should be June 30, from 2035
guarantee_percentage
100%
guarantee required for anticipatory aid
Ensures financial backing for project applicants.
one that already existed in the first convocatorial, only relative to the anticipatory, that in this case you can ask for 100% of the help
capex
50 million euros EUR
maximum eligible construction and civil work costs
This cap limits the financial scope for larger projects.
the maximum value eligible certificate will be 50 million euros
capex
1 million euros EUR
maximum eligible for technical studies
This cap restricts funding for comprehensive studies that may exceed this amount.
the maximum that can be certified or that it can be credit to a million euros
capex
€7,000 EUR
maximum eligible expenses for certification
This limit may hinder thorough certification processes.
the expenses of the certificate and also are eligible until a maximum of € 7,000
aid
50 million euros EUR
maximum aid per project
This cap influences the scale of projects that can be undertaken.
the maximum help that is maintained in 50 million by the company and by project
Key entities
Timeline highlights
00:00–05:00
The second convocatorial project aims to finance the creation and modification of hydroelectric centers with an adaptation of 90 million euros from the recovery plan. This initiative focuses on renewable energy and energy storage, supporting Spain's green transition and enhancing the legal framework for investments.
- The second convocatorial project aims to finance the creation of new hydroelectric centers, modify existing ones, and incorporate vehicles to conventional centers, with an adaptation of 90 million euros from the recovery plan for transformation and resilience
- Carmen López Ocón introduced the context of the second convocatorial, emphasizing its focus on renewable energy and energy storage, which are vital for Spains green transition
- Ordinance 807, published in July 2023, established the regular basis for aid to energy storage projects, including a focus on thermal storage and mid-term reversible systems
- The modification introduced by Ordinance 10444 in December 2025 allows for greater flexibility in project execution, addressing the long timelines and significant investments required
- The objectives of the convocatorial align with the 30-year component of the Repo-U, supporting the green transition in Spain and enhancing the legal framework for renewable energy investments
05:00–10:00
The second convocatorial for energy storage projects has a budget of 90 million euros, aimed at developing reversible hydroelectric centers. The first convocatorial received 14 applications, indicating strong interest in the sector with four projects approved, totaling over 2.2 gigawatts of storage capacity.
- The second convocatorial for energy storage projects has a budget of 90 million euros, similar to the first, and aims to support the development of reversible hydroelectric centers, enhancing flexibility and security in the electrical system
- The first convocatorial of BORALMAC received 14 applications, significantly exceeding the available budget of 100 million euros, indicating high interest and competitiveness in the sector
- Results from the first convocatorial included four approved projects, with a total storage capacity exceeding 2.2 gigawatts and nearly 29 gigawatt-hours, demonstrating the relevance of these projects for advancing energy transition goals
- The new convocatorial incorporates modifications based on feedback from the first, aiming to provide a broader vision for project execution and enhance support for energy storage initiatives
10:00–15:00
The second convocatoria for energy storage projects has a budget of 90 million euros and aims to develop reversible hydroelectric centers. The execution period is set until June 30, 2013, with a structured process involving several phases for project evaluation.
- The execution period for the current convocatoria is set until June 30, 2013, with a maximum execution room defined by the convocatoria, which imposes a more restrictive six-month limit despite the order allowing for a longer period
- The process includes several phases: the admissibility phase will close on February 26, followed by a pre-evaluation phase aimed to yield a provisional resolution by May or June, with a definitive resolution expected by the end of June
- The second convocatoria maintains the same project types as the first, categorizing projects into greenfield and brownfield, with specific technologies allowed for brownfield projects, including modifications to existing facilities and the addition of new units
- For brownfield projects, three types of technologies are eligible: amplification or modification of existing pumps, transformation of conventional hydroelectric centers to reversible systems, and the addition of new storage capacities to existing bases
- The second convocatoria introduces new technical requirements for project submissions, designed to ensure that projects meet specific standards and contribute effectively to the goals of the convocatoria
15:00–20:00
The project requires installations to have a minimum power of 25 megabattes and a storage capacity of at least 4 hours. All projects must internalize received aid in their market offers to ensure competitive pricing.
- The power of the bomb and turbine must exceed 25 megabattes, ensuring that projects meet a minimum capacity threshold for effective energy storage. Storage capacity must be at least 4 hours, calculated by simulating a complete cycle of turbination to determine the maximum producible energy
- Only installations that share the same connection point are admissible for submission. Multiple installations of less than 25 megabattes cannot be combined to meet this requirement
- All projects must fulfill the incentive effect, meaning that execution cannot have started prior to the application for aid. This requirement is common across all programs under the recovery plan
- Projects must internalize the received aid in their market offers, which is expected to lead to more competitive pricing. This internalization must be maintained throughout the life of the installation as defined in the economic plan
- There are two types of guarantees required for solicitors: one related to anticipatory aid, covering 100% of the help, and another that is a pre-signed guarantee in the deposit box valid for up to 18 months after the maximum execution date
20:00–25:00
The second convocatorial introduces a mandatory participation guarantee of 2% of the requested aid, which must be registered by February 26. Eligible costs remain similar to the first convocatorial, with specific caps on technical studies and construction expenses.
- A new guarantee of participation is introduced in this second convocatorial, corresponding to 2% of the aid requested. This guarantee is mandatory and must be presented before the aid institution to cover obligations related to participation and project completion
- The guarantee must be registered with the general box of deposits before the deadline of February 26. Failure to register on time will result in the guarantee being deemed invalid
- Eligible costs remain largely the same as in the first convocatorial, with specific limitations on certain expenses. Technical studies can only be certified up to a maximum of one million euros, regardless of the actual cost incurred
- Construction and civil work costs are capped at either 50 million euros or 40% of the sub-selection costs, whichever is lower. Expenses related to certification are eligible up to a maximum of €7,000 or 7% of the total costs
- Certain costs are explicitly ineligible, including economic obligations of the entity, taxes, financial costs, and insurance. This delineation ensures that only project-related expenses are considered for aid
25:00–30:00
The second convocatorial maintains a maximum aid of 50 million euros per project with a unified intensity of 40% for all beneficiaries. Insular territories may receive an additional 5%, raising their maximum intensity to 45%.
- In this second convocatorial, the maximum aid remains at 50 million euros per project, with a unified maximum intensity of 40% for all beneficiaries, including companies and university centers. Insular territories may receive an additional 5%, raising their maximum intensity to 45%. Eligible costs include technical studies, capped at 1 million euros, and construction costs limited to either 50 million euros or 40% of sub-selection costs