Endesa subsidiary will invest €60m to build portfolio across Spanish archipelago after reaping support at territory’s 326MW-plus first solar tender in mid-October, backed with EU funds.
The trio of projects, if approved, will help the government move towards its aim of 45% renewables penetration by 2025.
European Regional Development Fund approves funding under first SOLBAL call for Spanish Islands.
Incentive scheme exceeds expectations in Spanish archipelago, Unisun exits FiT-backed 11.75MW plant, Gonvarri in tracker deal with Sonora project.
Islands in the EU can now benefit from a support mechanism for new renewable energy and energy efficiency projects, while island-focused secretariat visits Menorca and Italian islands.
Scheme open to installations of 100kW or more sees light weeks as Spanish archipelago works to add a 230MW PV pipeline to installed capacity of just 71MW.
Rooftop PV to become mandatory across large parking sites and new buildings by 2020 to help Spanish archipelago become 100% renewable by 2050.
Spain will hold a renewable energy auction for its islands in the first quarter of 2017, according to the Ministry of Energy and Tourism.
The tax on solar self-consumption in the Balearic Islands of Spain has been doubled by a ministerial order, causing uproar from Spain’s PV industry association UNEF.