Mr. Soria chairs a meeting on renewables in the Canary Islands

The Minister for Industry has held a meeting at Red Eléctrica’s head office in the Canary Islands with representatives of the renewable industry in the archipelago.

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The Minister for Industry, Energy and Tourism, José Manuel Soria, held a meeting today at the head offices of Red Eléctrica de España in Las Palmas, with the Chairman of Red Eléctrica, José Folgado; the Chief Executive Officer, Juan Lasala, and representatives from the wind energy sector in the Canary Islands. The meeting was also attended by the Regional Minister for Economy, Industry, Trade and Knowledge for the Canary Islands, Pedro Ortega; the Undersecretary for the Ministry of Industry, Energy and Tourism, Enrique Hernández, and the Government’s Delegate in the Canary Islands, María del Carmen Hernández.

The meeting has served to pool the status of projects in the renewables sector in this Autonomous Community and it has been decided that all the local administrations will, in a coordinated manner, boost the administrative procedures for projects in the permitting process.

To date, taking into account renewable facilities in operation (350 megawatts –MW-), together with the grid connection accesses granted (370 MW) and that currently under study for approval (300 MW), the Canary Islands already have over 1,000 MW of renewable energy generation capacity within its energy horizon, a figure which represents a qualitative change in the configuration of the islands’ new energy model.

On 16 October, the Council of Ministers approved the Transmission Grid Planning for 2015-2020, and that sets out that over 20% of the planned investments will be made in the Canary Islands, which represents a figure of nearly 1,000 million euros. To this amount, another 300 million euros earmarked for pumped storage facilities forecasted for this period need to be added.

The Company has emphasised its technical and financial capacity to carry out these projects, which includes interconnections between islands, electricity substations and lines to increase grid meshing and the evacuation of renewable generation. In total, it plans to undertake more than fifty energy infrastructure projects in the archipelago over the next five years.

Red Eléctrica values ​​and is committed to the change in the energy model in the Canary Islands, seeking that it be more sustainable and efficient, by significantly increasing grid meshing, renewable energy, pumped storage and interconnections between islands in the coming years.