- Press Releases
May 13 (Renewables Now) - New projects totalling 98 MW qualified to receive state aid to contribute to the wind energy development on the Canary Islands, Spanish government agency IDAE announced on Thursday.
IDAE, the Spanish acronym for the Institute for Diversification and Saving of Energy, provisionally selected 16 wind power projects as part of the EolCan 2 programme. EolCan 2 is the second wind energy solicitation dedicated specifically for the Canary Islands.
The selected projects will split EUR 22.3 million (USD 26.9m) of state aid, co-financed by the European Regional Development Fund (ERDF).
The agency expects the new projects to bring a combined investment of around EUR 115 million.
Of the archipelago’s eight main islands, only three will welcome new wind farms -- Gran Canaria, Tenerife and La Gomera. No bidder presented projects that met administrative requirements for the other islands, IDAE said.
The wind farms have to come online by December 31, 2022.
The first EolCan awarded aid to 184 MW of projects in June 2019. It was later followed by solar programmes for the Balearic Islands, SolBal, and the Canary Islands, SolCan. These programmes are devised to stimulate renewable energy development in Spain’s non-mainland territories.
(EUR 1.0 = USD 1.209)