Spain and Portugal back 3.5GW of new pumped hydro energy storage capacity

July 23, 2026 at 10:01 AM
Cameron Murray
Energy-Storage.news Storage_Batteries Batteries & BESS ✓ Processed

Summary

Spain has awarded €165 million to seven pumped hydro storage projects totalling around 2.1GW/21GWh, while Portugal has set a target of 1.4GW of new pumped hydro capacity by 2040.

Spain has awarded €165 million to seven pumped hydro storage projects totalling around 2.1GW/21GWh, while Portugal has set a target of 1.4GW of new pumped hydro capacity by 2040.

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Tags: 2030 iberia european union eu News pumped hydro portugal grants and funding pumped hydro energy storage renewables integration EnergyStorageEurope 2040 spain
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