Decarbonising the Balearic and Canary Islands is essential to meet the Spanish government’s ambitious targets since their generation mixes are dominated by fossil fuels. Whilst renewable wind and solar resources are more abundant than in the peninsula, material costs can also be higher due to import requirements.
Although regulations currently incentivise solar development, and profitability is higher in the Islands, policy updates are expected to play a big role in the future of ancillary services and flex opportunities to guarantee the system’s safety and stability.
Access this public report for:
- What are the investment cases and considerations for the Islands?
- How do they compare to the Peninsula?
- Which renewable support schemes are in place?
- How will the regulatory framework evolve in the future?
Find more about the Grid Add-On for a deeper understanding of its risks and mitigations.