The Canary Islands Government’s objective is that 45% of its electricity demand in 2025 comes from renewable sources. This involves investments in efficiency gains, improvements in the transport network, energy storage systems and interconnections between islands to strengthen existing networks.
The islands have a very high availability of alternative energy sources, an adequate fiscal framework for this type of development and a high scientific-technical qualification with resources such as the Institute of Technology and Renewable Energies (ITER) and The Technological Institute of the Canary Islands (ITC) guarantors of knowledge and experience in the sector.
Promoted by the Island Council of Tenerife, ITER was created with the aim of promoting sustainable development and innovation. It is currently a benchmark international research centre in renewable energies, engineering, telecommunications and the environment. The ITC is a public company, created by the Government of the Canary Islands in 1992 and attached to the Ministry of Economy, Industry, Trade to implement public policies based on the promotion of research, development and innovation.
Get the latest ideas for doing business in Tenerife with our “Guide to Business”