Why Tenerife

Renewable energies & Cleantech

Great potential in renewable energies

The abundance of renewable resources, especially solar and wind energy, and the challenge of finding a solution to the great dependence of the Canary Islands on fossil and highly polluting fuels, offer great potential for the development of projects and test benches in the field of alternative energies and clean technology.

Towards 45% - of energy derived from renewable sources by 2025

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.

Infrastructure at the forefront

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.

ITER and ITC

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.

Activities

Generation: Offshore/Wind power

Self-consumption

Storage

Waste management and recycling

Electric mobility (rental fleets)

More information can be found in the Guide for Doing Business in Tenerife