Bilbao, Spain --- (METERING.COM) --- February 15, 2013 - Iberdrola along with a consortium of 11 partners has launched the European Commission supported iGREENGrid project to investigate the impacts of mass-scale penetration of renewable energies on the grid.

The 3-year project has a budget of €6.5 million and is headed up by Iberdrola. Other partners include energy distribution companies ERDF (France), Enel (Italy), Gas Natural Fenosa (Spain), RWE (Germany), Energy AG Netz (Austria), Salzburg AG (Austria) and HEDNO (Greece), and the research institutions AIT (Austria), Tecnalia (Spain), RSE (Italy) and ICCS-NTUA (Greece).

The ultimate goal of the project is to define and pool procedures, technological advances and best practices that will contribute towards increasing the capacity of electricity grids to receive distributed generation from renewable sources.

The pilot project selected in Spain is the PRICE initiative, which entails the rollout of smart grids in the Corredor de Henares region of Madrid and will benefit over 500,000 people.Iberdrola is heading this project along with Gas Natural Fenosa. There are 22 other participating partners, including technological and industrial firms, research centers, universities, Red Eléctrica de España and the Ministry of Science and Technology, via the INNPACTO scheme.

iGREENGrid falls under the scope of one of the most crucial lines of research in the area of smart grids. In countries like Germany, generation from renewable sources and connected to medium and low voltage grids already accounts for more than 50 GW. In others, such as France, 99% of renewable energy is connected to the medium voltage grid.

This situation, which is becoming increasingly common in European countries, had led the European Electricity Grid Initiative (EEGI) to give priority to R&D initiatives focusing on distribution grids. This in turn has led to the set-up of iGREENGrid as well two other EC-backed projects, Sustainable and Singular, which will work together and with Grid+ (which implements the EEGI's priorities) to maximize results by optimizing efforts.