The Spanish ministry for ecological transition will earmark EUR 20 million (USD 21.7m) of public funds to support the installation of solar photovoltaic (PV) parks on the Canary Islands, it announced today.
The funds will be allocated to the SolCan programme for 2020, a subsidised call for tender to install some 150 MW of solar capacity on the archipelago, the ministry said today. The programme will be co-financed by the European Regional Development Fund (ERDF) and managed by the Institute for Diversification and Saving of Energy (IDAE), a Spanish government agency.
The ministry for ecological transition announced only the skeleton of the SolCan programme today. In the next stage, the Canary Islands administration and the renewable energy sector will provide comments to the ministerial team, which will then submit the proposal to the government cabinet for approval.
SolCan will be the third renewable energy programme dedicated to Spain’s extra-peninsular territories after the EolCan, a wind proposal for the Canary Islands, and SolBal, its solar equivalent for the Balearic Islands.
The three programmes represent EUR 115 million in state aid, around EUR 620 million of mobilised investments and the launch of some 650 MW of renewables, the ministry for ecological transition said.
(EUR 1.0 = USD 1.086)
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