canary islands

The Spanish Ministry of Ecological Transition (MITECO) has allocated €85 million (US$91 million) to develop 51 renewable energy generation and storage projects on the Canary Islands.

Spain’s government and the EU will provide funding to support the development of 65 new solar projects in the Canary Islands by the end of next year.

European Union funding has been secured for a floating solar pilot project in Spain to explore how the technology performs in challenging sea conditions.

Government sets aside €20m for SolCan scheme meant to help archipelago match renewables capabilities on the Iberian Peninsula.

The trio of projects, if approved, will help the government move towards its aim of 45% renewables penetration by 2025.

Spain will hold a renewable energy auction for its islands in the first quarter of 2017, according to the Ministry of Energy and Tourism.