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Spain grants EUR 85 million in state aid for renewable energy in the Canary Islands

The Spanish ministry for the ecological transition said on Wednesday that it has awarded EUR 84.86 million (USD 93.2m) in subsidies to a selection of renewable energy, energy storage and green hydrogen projects planned for installation in the Canary Islands.

The ministry’s implementing agency, the Institute for Diversification and Energy Saving (IDAE), selected 186 MWh of storage projects, 92.4 MW of renewables and 6 MW of green hydrogen production schemes.

The state aid, drawn from Spain’s Covid recovery instrument, will be divided between 51 successful proposals. Of the total, 30 proposals are for projects located on the island of Gran Canaria, 11 in Fuerteventura, eight in Tenerife and two in La Gomera.

Special attention was paid to energy storage, due to the Canary Islands’ isolation from the Spanish mainland, their high share of fossil-based energy, small size and difficulties to integrate renewables. The proposed storage systems will be installed at repowered or technologically renovated facilities, or new renewables, the ministry said.


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