La Palma in drive for 100% renewable power

La Palma, the most westerly of Spain's Canary Islands, will see EUR 318m (USD 490m) invested in solar, wind, geothermal and other technologies as it aims for 100% renewable power by 2013. Of the total EUR 318m investment plan, some EUR 210m has still to be allocated. Last week Solantis sold a 1.9MW solar project at La Punta to Meinl for EUR 13m (USD 20m). It also has a 50:50 joint venture with General Electric, called Solantis Proyectos, which is developing the first, 10MW, EUR 70m (USD 108m) phase of a PV solar plant at Tazacorte.Among the projects planned are two geothermal plants, tapping into the island's volcanism, plus 32MW of wind capacity at Garafia in the north.

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