Spain extends the island's push for renewable energies until 2027

The Government of Spain has extended by one year the period for the execution of funds destined to promote renewable energies in the two archipelagos.

This was announced a few weeks ago by the third vice president and minister for the Ecological Transition and the Demographic Challenge, Teresa Riberain a press conference, after the Balearic and Canarian governments requested it.

In this way, the islands will have one more year – until 2027 – to execute all the funds that correspond to them for the commitment to clean energy in their territory, according to the Recovery, Transformation and Resilience Plan.

Betting on a greener horizon

These funds are endowed with 700 million euros and will be allocated to island strategies to promote clean energy.

The budget will be divided into 467 million for the Canary Islands and 233 million for the Balearic Islands and, among the specific objectives that are expected to be achieved, is to promote self-consumption to achieve a tenfold increase in its current capacity and enable the necessary infrastructure for electric mobility.

In the words of the minister, this island strategy turns out to be “a good mirror, a good display case and a good showcase“of the energy transition that is to come and of isolated energy systems that must be “increasingly renewable.”

Leading the green revolution

Last February, extraordinary news was known for the renewable energy sector in our country: more than half of pool electric power of 2023 was produced thanks to clean energyabove gas and coal plants and also nuclear plants.

The wind was the energy that contributed the most to these figureswith 24% of the electricity generated, which corresponds to a total of 135,000 gigawatt hours.