Weekly renewables M&A round-up (Jun 27-Jul 1)
Jul 01, 2022 17:05 CESTSpain's Ecoener secures state aid for 31 MW of wind on Canary Islands
El Rodeo wind farm, Gran Canaria, Spain. Image credit: Manuel Romero/Ecoener (www.ecoener.es)
May 13 (Renewables Now) - Spanish renewables developer Grupo Ecoener SA (BME:ENER) stands to secure state aid for 31 MW of wind power projects on the Canary Islands.
The company will be awarded EUR 6.85 million (USD 8.28m) of state support as part of EolCan 2, a tender tailored specifically to promote wind power on the Spanish archipelago. Spanish government agency, the Institute for Diversification and Saving of Energy (IDAE), announced today that it has provisionally selected 16 wind projects totalling 98 MW in the framework of EolCan 2.
Ecoener said that six of its projects were selected. One 19.2-MW project is sited on Gran Canaria, while five 2.35-MW wind farms will be built on the island of La Gomera. Ecoener is the only awarded party in La Gomera.
The company is already a veteran wind power developer on the Canary Islands. With this set of projects, Ecoener will have 117.6 MW under development, construction and in operation on the archipelago.
(EUR 1.0 = USD 1.209)
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