The Spanish Ministry for the Ecological Transition announced on Wednesday the allocation of EUR 84.86 million (USD 93.2m) in subsidies for various renewable energy, energy storage, and green hydrogen projects slated for development in the Canary Islands.
The funds, sourced from Spain's Covid recovery instrument, will support 186 MWh of storage projects, 92.4 MW of renewables, and 6 MW of green hydrogen production across 51 selected proposals.
Administered by the Institute for Diversification and Energy Saving (IDAE), the subsidies are part of Spain's commitment to advancing sustainable energy initiatives.
Notably, the Canary Islands' unique circumstances, including isolation from the mainland, a significant reliance on fossil fuels, small size, and challenges in integrating renewables, underscore the importance of this support.
Of the approved projects, 30 are situated on Gran Canaria, 11 in Fuerteventura, eight in Tenerife, and two in La Gomera. A noteworthy focus has been placed on energy storage solutions, recognizing the islands' specific energy landscape. The proposed storage systems will be integrated into repowered or technologically upgraded facilities, as well as new renewable energy projects.
