Canary Islands Energy Community Support Initiative

Funding Details

• Originally allocated: 2 million euros from the EU's Next Generation EU funds
• Additional funding: 1.7 million euros
• Total support: 3.7 million euros

Purpose and Goals

• Foster sustainable energy practices across the islands
• Empower communities to generate and manage renewable energy locally
• Make funds available through a non-competitive grant process
• Accelerate the transition to cleaner energy sources
• Promote community-led energy projects

Broader Context and Strategy

• Part of a broader strategy to adapt to climate challenges
• Aims to reduce dependency on imported fossil fuels
• Highlights the region's commitment to sustainable development and energy resilience
• Supports upcoming energy transition goals

Expected Benefits

• Significant step towards cleaner energy sources
• Potentially lower electricity costs for residents
• Fosters local economic growth

Alignment with EU Policies

The initiative also aligns with broader EU efforts to support green energy projects that benefit local communities while meeting climate targets.