Tuesday, February 13, 2018

Spain: Potential of Geothermal Energy to Power ​Canary Islands

​Canary Islands Exploring Potential of Underground Geothermal Energy (Canary Islands Report)

The Tenerife Government is proposing that the Spanish Government undertakes drilling exploration to identify the potential of geothermal energy in the Canary Islands, and the only region in Spain where this could possibly exist, but requires around 20 million euros to explore the subsoil.

This motion is presented with the support of all political groups represented in the Tenerife Government, but similar initiatives are being simultaneously presented in Gran Canaria and La Palma, because these three islands specifically have previously made joint efforts to evaluate the geothermal potential of the Canary Islands with direct involvement, but with little success in support from the Spanish Government.

It is suggested that three drilling sites should be sufficient for Tenerife geothermal energy exploration with a third of these costs covered by the island government, one third covered by a private initiative that has an interest, and the need for state aid to cover the final third of costs.