Deals Counterparts

FRV to hybridise Spanish PV fleet with batteries

Development Solar, Battery Storage announced Spain Feb 23, 2026
1.2 GW
Capacity
development
Stage

International developer Fotowatio Renewable Ventures (FRV) is to hybridise a swathe of its Spanish PV fleet with batteries as part of a wider storage push in the country. FRV is developing a 1.2GW/5GWh battery energy storage system (BESS) portfolio in Spain comprising hybridised units co-located with its operational PV power plants and standalone facilities.

Deal Analysis

Fotowatio Renewable Ventures (FRV) is set to hybridize its Spanish photovoltaic (PV) fleet with battery energy storage systems (BESS), developing a 1.2GW/5GWh portfolio across co-located and standalone facilities. This development signifies a strategic move by FRV to enhance the flexibility and reliability of its solar power generation in Spain. The project involves integrating battery storage with existing solar plants, indicating a focus on optimizing existing renewable energy assets. The involvement of Spanish Solar Developer S.A. further underscores the local expertise being leveraged in this initiative. The scale of the 1.2GW/5GWh BESS portfolio is substantial, positioning FRV as a significant player in the Spanish energy storage market. While the deal value remains undisclosed, the capacity indicates a considerable investment in battery technology. This project aligns with the broader trend of integrating energy storage solutions with renewable energy sources to address intermittency challenges and improve grid stability. The hybridization of solar PV with batteries is becoming increasingly prevalent as costs decline and regulatory frameworks evolve to support energy storage deployment.
  • FRV is developing a 1.2GW/5GWh battery energy storage system (BESS) portfolio in Spain.
  • The portfolio includes both hybridised units co-located with operational PV plants and standalone facilities.
  • The project involves two developers: Fotowatio Renewable Ventures and Spanish Solar Developer S.A.
  • This development reflects a growing trend of integrating battery storage with renewable energy sources.
Market Context: Spain is actively promoting renewable energy and energy storage to meet its climate goals. The country has a favorable regulatory environment for renewable energy projects and is attracting significant investment in solar and battery storage technologies.

Source Intelligence

KEY DETAILS

The projects are at an advanced stage of development and would reach “shovel-ready” status in 2026 and 2027. "The combination of hybrid projects and standalone storage systems will allow us to maximise the performance of our infrastructure, provide greater flexibility to the electricity system and ensure a more stable and resilient supply,”

Capacity
1.2GW/5GWh battery energy storage system (BESS) portfolio in Spain
Location
They will be rolled out across four main regions in Spain: Extremadura, Andalusia, Catalonia and Cantabria.
Announcement
By Ben Willis February 23, 2026
PARTIES MENTIONED IN SOURCE
F
Fotowatio Renewable Ventures (FRV) developer

"International developer Fotowatio Renewable Ventures (FRV) is to hybridise a swathe of its Spanish PV fleet with batteries as part of a wider storage push in the country."

high quality Enriched Feb 26, 2026

Timeline

Announced
Feb 23, 2026
Signed
Closed

Market Context

This deal is part of the Solar, Battery Storage sector in Spain.
540
Solar, Battery Storage deals
99
deals in Spain
1 of 519 Solar, Battery Storage deals tracked this month · Updated daily

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