The Spanish Institute of Energy Diversification and Energy Conservation allocated 255MW of photovoltaic Home Solar System Products power generation capacity to the Canary Islands through the Solcan refund program, which uses public funds to refund a certain percentage of the installation fee.
As a subordinate unit of the Ministry of Industry, Energy and Tourism, the energy agency initially expected to allocate 150MW of power generation capacity under the plan, with a designated budget of 20 million euros. Projects selected under this plan must start commercial operations before the end of 2022.
There are 65 projects allocated under this plan, of which 36 are located in Gran Canaria, which has 119.5MW of power generation capacity and approximately 10 million euros in funding. Fuerteventura allocated a total of 18 projects with a total capacity of 102.1MW, followed by Tenerife, which received a refund of 2.7 million euros and 26.6MW of installed power. Lanzarote and La Gomera received 6MW and 0.7MW capacity respectively.
The Solcan project is co-funded by the European Regional Development Fund (ERDF), which aims to strengthen the economic and social cohesion of the European Union and adjust its regional imbalances.
Spanish grid operator Red Electrica de Espana said that the Canary Islands currently has approximately 170MW of photovoltaic installed capacity.
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