Spain's Institute for Diversification and Saving of Energy (IDAE) has announced that 55 solar projects, totalling 326MW, have qualified for funding under the first round of the SOLBAL programme, a €40 million initiative that subsidises the deployment of photovoltaic (PV) power capacity on across Spain's Balearic Islands.
IDAE will distribute the funds across the 55 projects on the islands of Mallorca, Menorca, Ibiza and Formentera. co-financed by the European Regional Development Fund, the SOLBAL funding covers 15.3% of the total €260.5 million investment required to see them through to fruition, according to an industry news report.
On completion, the share of renewable energy capacity for the Balearic Islands will rise from 2.5 to 10% of their electricity mix and in the case of Menorca, 20% of the island’s electricity requirements will be met with renewables.
All the projects have capacities of less than 5 MW. They need to be completed by 2022.
The promotion of clean energy on the islands constitutes one of the objectives of the National Integrated Energy and Climate Plan that recognises, on the one hand, the potential of these territories to build their own energy transition and, on the other, the opportunity to take advantage of the specific characteristics of these territories as a testing ground for technologies or policies that can be exported to the rest of the peninsula.
The SOLBAL programme is part of the objective of the Ministry for Ecological Transition to promote sustainable energy strategies in the Balearic and Canary Islands, in collaboration with the respective regional and island governments, which in turn allow reducing the corresponding energy cost overruns involved the uniqueness of the island territories.
Renewable energy and the energy transition are hot topics set for discussion at this year's European Utility Week (EUW) and POWERGEN Europe conference which takes place from the 12th to the 14th of November in Paris. Click here to register to attend or for more information about the event.
Currently, the Balearic Islands have a total of 38 solar parks, of which 35 are in Mallorca, 2 in Menorca and 1 in Formentera.
Here's a summary of the projects, including capacity and funding: