PRESENTATION WATCH RECORDING 1H20 FINANCIAL RESULTS DOWNLOAD PDF 2019 SUSTAINABILITY REPORT BUSINESS PLAN WATCH THE VIDEO 2019-2023 BUSINESS FIND OUT MORE DIVISIONS WE CARE ABOUT YOU AND YOURS WATCH CORPORATE VIDEO WE ARE GREENALIA -MEET US- About Greenalia Business divisions Shareholders & investors Sustainability Press Careers LATEST NEWS SUSTAINABILITY GREENALIA TEAMS UP WITH THE RED CROSS FOR THE CONFERENCE “RENEWABLE ENERGY: AN EMPLOYMENT OPPORTUNITY”20/11/20Greenalia is working together with the Red Cross on its program “The Red Cross Responds: Live Towards Employment” (“Cruz Roja Responde. Directos hacia el Empleo” in Spanish) a series of online conferences where each week the NGO tackles a different subject related to tools and strategies for employment. To achieve this objective, they work with different professional sectors and they tune in to demands from the employment market. Within this program Greenalia organized a webinar today on “Renewable energies: an employment opportunity”, where we hoped to demonstrate to participants of the Red Cross program the opportunities that the renewable energy sector could offer over the coming years, where there will be a key focus on energy transition and the decarbonization process. This webinar outlined the opportunities provided by the development of renewable energies and the creation of green employment within the framework of the European Green Deal, which includes the objective of making the EU climate neutral by 2050. To achieve this, a roadmap has been established involving actions to promote the efficient use of resources by moving towards a clean and circular economy, to restore biodiversity and reduce pollution. Within this framework, it should be noted that Greenalia currently works with four types of technology—biomass, onshore wind farms, offshore wind farms and photovoltaics—with a strategic growth plan for each of them. Also very important the investment in digitalization and the use of technology to create a more sustainable and impactful business model. Events like the one being held today form part of the company’s CSR policy, making their social responsibility more transversal and more prominent in every area of the company.... Read more...GREENALIA DONATES LAPTOPS FOR CÁRITAS TO SUPPORT THE BACK TO SCHOOL CAMPAIGN OF CHILDREN AND FAMILIES IN NEED04/11/20The Company and the NGO have signed a collaboration agreement through which the company has donated the IT equipment for the Non for Profit Educa Greenalia has donated a set of laptop computers for Cáritas Coruña to support the Educa Program that provides socio-educational support for minors and young people in very vulnerable situations, in a time where the challenge of going back to school gets even harder for some families. With this donation, Greenalia wants to add its contribution to the Educa Program, a specially important one in the current COVID generated context. These programs centered in education and social support have become even more fundamental in the current scenario where families are in special need of support and in particular regarding schooling and education. The donation was delivered by Beatriz Mato, Chief Sustainability and Corporate Affairs Officer, that together with a team of volunteers from the company have visited Caritas Central Office in A Coruña and met Pilar Farjas, the NGOs President. Greenalia pushes through with its focused initiatives on educational and family support all included in its CSR Program, in a very challenging scenario and close to the final birth of the company’s Foundation for the energetic transition. In this way, in the last few months the company has supported more than 500 minors and their families through donations of schooling and sports material and volunteering work.... Read more...GREENALIA JOINS Forest Stewardship Council® (FSC®) International02/10/20FSC was created 25 years ago and promotes environmentally appropriate, socially beneficial, and economically viable management of the world’s forests Greenalia moves a step further in its 2023 target of sourcing its Biomass Plant with 100% forestry residue from certified plantations Greenalia takes another step forward in its goal of producing renewable energy while also taking care of the environment. Greenalia Forest has just ratified its membership in FSC International, an organization that promotes environmentally appropriate, socially beneficial, and economically viable management of the world’s forests. Greenalia was already a member of FSC Spain, and now broadens its scope to include other places in the world. For the company sustainable management is key to preserve our world’s environment and biodiversity. The Green Company prioritizes work with forestry residues from certified plantations aiming at 100% certified sourcing in 2023. In this line, the company promotes certification for small landowners, provides financing and technical support to a certification body that already accounts for 1.700 members. FSC was a pioneer in forest certification and established the first international frameworks to achieve responsible and sustainable forest management. It is the leading catalyst and defining force for improved forest management and market transformation, shifting the global forest trend toward sustainable use, conservation, restoration, and respect for all.... Read more...Greenalia donates school material to students in Vimianzo as part of its CSR strategy for municipalities where its developing wind projects28/08/20Greenalia currently has three wind farms in different stages of construction: Alto da Croa II, in Dumbría, and Alto da Croa and Monte Tourado, in Vimianzo More than 500 students will benefit from this scheme for 20-21 academic year The initiative is part of the company’s CSR policy and is one of the first projects launched under the umbrella of the Greenalia Foundation to promote the energy transition Greenalia is moving forward with its wind farm projects in Costa da Morte, where it currently has three wind farms in different stages of construction: Alto da Croa II, in Dumbría, and Alto da Croa and Monte Tourado, both in Vimianzo. Work is expected to begin over the coming days now that the area has been cleared of trees and shrubbery. This was confirmed today by the company after it delivered school materials to students in Vimianzo enrolled in the 2020-21 school year, which was carried out as part of the agreement signed this July with the municipal councils in Dumbría, Santa Comba, Coristanco and Vimianzo. Through this agreement, Greenalia committed to provide school and sports materials to some 500 school children in these municipalities, with a particular focus on those students who may be in especially vulnerable situations. This initiative forms part of the company’s CSR policy and paves the way for the future social action programs of the Greenalia Foundation, through which Greenalia intends to reinvest in the areas where it operates. Along these lines, this social program is aimed at supporting students in the municipalities of Coristanco, Dumbría, Santa Comba and Vimianzo, where the renewable energy company currently has wind farms in operational or project stages. School materials will therefore be delivered to the other remaining municipalities over the coming days, as was done today in Vimianzo, where Beatriz Mato, Greenalia’s Director of Corporate Development and Sustainability, travelled to oversee the handover in person, accompanied by the Mayor, Mónica Rodríguez. Through this measure, the company seeks to help families during an unprecedented and exceptionally challenging back-to-school period in the wake of the COVID-19 crisis. Greenalia is committed to promoting the role of wind farms in the recovery of Spain’s economy, with a particular focus on boosting employment in rural areas, as the wind farms help to maintain populations in the areas where they are built. The company already has one wind farm in Miñón, in Vimianzo, with an installed capacity of 24 MW, and it plans to complete three more in Costa da Morte by the end of this year: Alto da Croa II (10.4 MW), in Dumbría, and Alto da Croa (7.3 MW) and Monte Tourado (10.4 MW), in Vimianzo. Alongside these, the company also has three other projects planned in the municipalities of Coristanco and Santa Comba (Monte Toural, Campelo and Bustelo) that are currently in the application stages.... Read more...GREENALIA IS REINFORCING ITS COMMITMENT TO FAMILIES IN THE SPANISH MUNICIPALITY OF OUROL, HOME OF ITS NEW WIND FARM25/08/20Greenalia will be providing educational assistance and laptop bags to all the students enrolled in the 2020/21 school year in this municipality where it is currently finalizing its new wind farm. The facilities at Ourol, where the assembly process for the wind turbines is currently in its final stages, will provide an installed capacity of 22.5 MW and are part of the company’s Eolo project. Greenalia, based in A Coruña, is strengthening its CSR activities through this new initiative aimed at school students in the municipality of Ourol, in the Spanish province of Lugo. The company has today signed a collaboration agreement for the initiative with José Luis Pajón, the Mayor of this municipality where the new wind farm is nearing completion. The agreement signed today between the Mayor and Beatriz Mato, the Director of Corporate Development and Sustainability at Greenalia, confirms that the company will provide educational assistance of up to 60 euros and a school laptop bag to pupils under 16 years of age enrolled in the 2020-21 school year in this municipality. This initiative forms part of the company’s CSR policy and forms the foundation for the future social action programs of the Greenalia Foundation, through which Greenalia intends to reinvest in the areas where it operates. Through this measure, the company seeks to help families during an unprecedented and exceptionally challenging back-to-school period in the wake of the COVID-19 crisis. This initiative is the fifth of its kind launched by the company this year, as this July it signed similar agreements with four different municipalities in the Costa da Morte area, where it currently has several projects in the operation or application stages. The facilities in Ourol, with an installed capacity of 22.5 MW, will be able to begin providing energy in the final quarter of this year. The wind farm will be made up of a total of five wind turbines, each with a 136-meter rotor and a capacity of 4.5 MW. Once it is running at full capacity, it will produce 65,300 MWh per year and will also have a positive effect on the environment, as the renewable energy it produces will avoid the generation of 24,150 tCO2 per year, which is the equivalent of 16,300 cars driving throughout an entire year. After a small delay due to the COVID-19 pandemic, the assembly of the wind turbines is now in its final stages at the facilities in Ourol, where the company invested 26 million euros and created 230 jobs during the construction process. This project has also provided the municipal council with sizeable economic benefits in the form of taxes, such as the ICIO construction tax, bringing Ourol in more than 800,000 euros. The wind farm in Ourol will be the second of its kind launched by the company, after connecting a wind farm to the grid in the town of Miñón, in the Spanish municipality of Vimianzo, last December. There are plans for three more to be launched in the medium term in the province of A Coruña: Alto de Croa, Alto de Croa II and Monte Tourado, which are already in the construction stages, and soon to be joined by Campelo, Toural, Bustelo and Touriñán, once the relevant application stages have been completed. The launch of these renewable energy facilities will provide 125 MW in energy and create more than 1,000 jobs, thus helping to boost the community’s economy in these particularly challenging times brought about by the aftermath of the COVID-19 crisis.... Read more... More News CORPORATIVE Lastest News 2020GREENALIAs EBITDA 65% HIGHER THAN LAST YEAR21/10/20During the first half of this year, a period marked by the COVID-19 crisis, the company has invested 40 million euros in renewable energy projects (wind and biomass), mobilizing around 200 jobs in the process. It completed the acquisition of 30 balers for the biomass supply for the Curtis-Teixeiro Plant, that is exporting energy since the beginning of the year (in testing phase), with hopes of becoming fully operational during the second half of the year. The renewable energy company is making active progress with all of its projects and will redefine the temporary frameworks within its strategic plan, once it has assessed the real impact of COVID-19 pandemic. The Greenalia Foundation for the Energetic Transition also made great strides during the first half of the year, implementing a number of projects that have helped 500 children and their families during the back-to-school process in the midst of these challenging times. In the first half of 2020, Greenalia managed to achieve an EBITDA of 2.79 million euros, 65% higher than last year, and a turnover of 19.6 million euros. These figures show that the company manages to stay its course despite the COVID pandemic, even though the context will force it to revise some temporary forecasts for key project completions, while maintaining its overall plan that has even been increased with the addition of a number of new proposals over recent months. This was highlighted this morning by the company’s CEO, Manuel García, and CFO, Antonio Fernández-Montells, when they shared the financial and operating results for the first half of 2020 (1H20), where they outlined the resilience the sector and the company have shown in the face of this crisis and the need to invest in renewable energy that should serve as a key lever for economic recovery. Within this context, Manuel García underlined Greenalia’s commitment – “we have a dual focus in our day-to-day work: the production of energy through renewable sources to heal and improve our planet, and the positive and regenerative impact that our efforts have on our surrounding environment and communities, where, in addition to boosting the local economy and creating employment, we also contribute towards social projects that improve people’s lives”. That’s why Greenalia, through its Foundation for the Energetic Transition, has launched a number of initiatives this year to support families during the back-to-school process in these particularly challenging times, and has helped more than 500 pupils in the communities where the company has active projects. As explained by the Greenalia’s CEO, the COVID crisis will make us reshape our strategic plan, a reorganization that shall be implemented when we have a clearer understanding of the situation and have better assessed the scope and impact of this pandemic that “unfortunately is far from over”. As for Antonio Fernández-Montells, he highlighted that “the financial impact of these adjustments to our initial plan is very low, as, in terms of the company valuation, they amount to less than 1% of its current capitalization. More importantly, the financial impact is significantly less than the positive impact of the Ro increase of the Biomass Plant”. Major investment in the face of the COVID crisis It was also pointed out that, during this period strongly marked by the state of alarm and the drop in consumption, Greenalia has managed to maintain the same level of investment and has continued creating jobs. Within this context, the construction of the Ourol Wind Farm in Lugo was completed, Alto da Croa I, Alto da Croa II and Monte Tourado Wind Farms in Costa da Morte started construction, and the acquisition process for 30 balers to be used in the Curtis-Teixeiro Biomass Plant was completed. All of this amounted to a 40 million euros investment and the creation of more than 200 jobs. This will allow the company to continue to work towards the future commissioning of the Ourol Wind Farm in Lugo (22.5 MW, completed and in the testing phase) and the finalization of the Alto da Croa I, Alto da Croa II and Monte Tourado Wind Farms in A Coruña (27.70 MW, in the construction phase). These projects are predicted to generate over €7M revenue and over €5.5M EBITDA for the year. Alongside these projects, the company is also in the final application stage for the second part of the Eolo project, named “Eolo I CBT”, which involves 4 Wind Farms in Galicia with a total power of 135 MW. Drive towards offshore wind power During the presentation, Greenalia’s Directors stressed the importance that the floating offshore wind farms projects on Spanish coast will have for Spain in general, and for the company in particular, with it set to be a key technology for the future of the wind sector. Along these lines, they highlighted the importance of the projects presented by the company in the Canary Islands, which have a total power of 250 MW and are currently in the beginning stage of application.... Read more...GREENALIA ACQUIRES TWO NEW SOLAR PROJECTS AND ADDS 60 MW TO ITS ENERGY PORTFOLIO29/09/20With these two solar projects acquired in Andalucía the company’s solar portfolio reaches 660 MW Greenalia has acquired two new solar projects being developed in Jaén totalling 60 MW. With this acquisition, Greenalia updates its portfolio, reaching 660 MW in its solar projects pipeline, all of these projects have grid access granted by Red Eléctrica Española (REE) and are located in top solar resource areas of the Iberian Peninsula, specifically Andalucía and Comunidad Valenciana. With this new step, Greenalia consolidates its renewable energy focus as a source of green development, growth and recovery and is positioned as a key player in Spain and Europe’s decarbonization process. The company also continues to diversify its technology and is present in onshore wind, solar, biomass and more recently it started a strong push in offshore wind. With its floating wind farms, Greenalia will spearhead the development of one of the most promising sources of renewable energy. A technology that has been developing and growing fast in the last few years at a global scale and where the company is positioned as a front runner. Apart from the 660 Solar MWs the group adds 1.131 Wind MW also with grid access; totalling 1.791 MW with evacuation rights. Also, the group has 74 MW already in operation (wind and biomass) and 50 MW wind projects under construction in Galicia. These rights (1.915 MW) are almost double the power needed to reach the 1 GW target included in the #1-5-100 Strategic Plan (1GW-5years-100M€ EBITDA).... Read more...GREENALIA PLANS FOUR NEW FLOATING WIND FARMS IN GRAN CANARIA24/09/20These four wind farms would be added to Gofio project, also located in the Southeastern part of Gran Canaria, which has advanced significantly in last months in its permitting process. The company headquartered in Galicia (Spain), is firmly committed to floating offshore wind energy, a technology ready to lead the green energy growth in Europe in coming years. Greenalia has initiated the process for the development of four new floating offshore wind projects, by filing its project & environmental planning applications in addition to the GOFIO 50MW wind farm, which launched its permitting process earlier this year. DUNAS, MOJO, CARDON and GUANCHE are completely independent projects with a installed power of 50 MW each, located in the South-east coast of the Gran Canaria island, in the vicinity of GOFIO offshore wind farm. In fact, this is one of the areas with highest wind resource in Europe, which makes the Canary Islands the ideal platform for deployment of floating wind technology in Spain. Each project will consist of four 12.5MW offshore wind turbines on top of floating foundations, anchored to the seabed at depths of between 61 and 92 meters. As in the case of GOFIO Wind Farm, these new facilities will be connected to the grid through submarine cables which will conduct the energy produced by each of the wind farms individually. In this way, Greenalia is endorsing its commitment to floating wind energy, as one of the renewable energy sources that will lead the green growth in Europe in coming years, where 80% of the offshore wind resource is located at depths of more than 60 meters, but also Worldwide, where 70% of the offshore wind resource is also floating, and more importantly, where are located the areas with the largest renewable resource and thus the areas that could obtain the most competitive generation costs of all the renewable energies. These four new projects, along with GOFIO, which started the permitting process earlier this year, mean a considerable increase in Greenalia’s portfolio of offshore wind projects, reaching 250MW power in the Canary Islands. As a result of this, it is expected a significant reduction in energy costs (LCOE), due to the application of scale economies, and thus to generate important public fund savings. But also, this positive effect for the Canary Islands is double, since these projects will boost the process of energy decarbonization in the Canary Islands by replacing a significant portion of the traditional highly polluting sources of power out of the Canary Islands’ energy mix, resulting in an environmental benefit; and on the other hand they will also contribute to the creation of qualified employment on the islands, especially important currently if we take into account the current destruction of employment as a consequence of the COVID-19 pandemic. DUNAS, MOJO, CARDON and GUANCHE projects have a total installed power of 200MW and will produce enough energy to supply a population of more than 280,000 homes, but also will avoid the emission of approximately 560,000 tons of CO2 per year. During the process of development, construction and operation, the projects will generate hundreds of direct and indirect jobs, contributing to the development of a green economy in the area. With the deployment of these projects, the Canary Islands will become one of the world leaders in floating offshore wind technology, and also it will be possible to achieve the objective of developing 310 MW of offshore wind, as set out in the Canary Islands 2015-2025 Strategic Energy Plan (the so-called “EECan25”). Finally, these 250MW are expected to become an essential key for the deployment of the floating wind sector worldwide and a historic opportunity for Spain to lead the most strategic growing energy sector nowadays, which would also mean an unbeatable opportunity for the internationalization of its Industry, and an significant job creation impulse About Greenalia Greenalia is an Independent Power Producer (IPP) that deals exclusively with renewable technologies. The company has more than 12 years of experience in the sector and is listed on the BME Growth (Alternative Stock Market) since December 2017. The main activity of the company is the electrical energy generation and sale, being present in three technologies: wind, solar photovoltaic and biomass, where it currently is vertically integrated from the origin of the raw material to the production of electrical and thermal energy.... Read more...JOSÉ MARÍA CASTELLANO (INDITEX’S FORMER CEO) ACQUIRES 5,18% STAKE IN GREENALIA12/06/20The renewable energy production company has strengthened its team of directors by incorporating the economist from A Coruña into its Board of Directors. Greenalia has taken another step in its journey to become a benchmark company in the production of renewable energy and a leader in floating offshore wind energy. Greenalia, a renewable energy production company based in A Coruña, has strengthened its team of executives by incorporating José María Castellano into its Board of Directors. He acquired 5,18% of the company for 12,4 million euros through his investment vehicle, Nakadama S.L., after signing an agreement with the company’s president and CEO, Manuel García, who will keep 85% of capital through the company Smarttia Spain, S.L.U. This transaction sets the company’s total value at 240 million euros, which corresponds to a share price of €11.30, slightly lower than the maximum price achieved last December. This new addition will provide Greenalia with key support from someone with a wealth of experience in management and finance having worked with numerous large corporations and will strengthen the company’s strategy and position. The incorporation of a new partner and member of the Board of Directors has taken place during a particularly important period for the company, with its serious and firm commitment to new future energy sectors, particularly floating offshore wind energy. This form of energy is predicted to be one of the major worldwide sources of renewable energy in the future, particularly in the wake of the COVID-19 crisis, with the renewable energy sector forming a key part of the economic recovery in Europe. In the words of Manuel García, the company’s CEO, “we’re very proud to welcome someone as renowned as José María Castellano into the Greenalia team. He has a wealth of experience and expertise and has played a key role in Galicia, in strategic sectors like the textile industry, in his time at Inditex, and in the Galician banking sector, where he led the transition after the merger of two old Galician banks into Nova Galicia Banco, today known as ABANCA. Given his many years of experience as a leader who was able to consolidate the foundations of Inditex, which is currently still the most important multinational company in Spain and a world leader in the textile industry, I have no doubt that he will become an integral part in helping Greenalia take on its next challenges, so we can continue turning Galicia into an international benchmark, occupying the space left by other energy companies in our autonomous community”. As such, the addition of José María Castellano will be key to helping turn Greenalia and Galicia into a leader in the development of floating offshore wind energy: “we have the opportunity to become one of the leading companies in the energy transition, but more importantly, Galicia has the opportunity to become an international benchmark in the floating offshore wind energy sector, as it is currently in the textile industry. We have all the potential and talent we need to achieve this. Now we need to take advantage of the opportunity that is being provided to us through this recent push towards renewable energies, particularly by the EU, in combination with Galicia’s wealth of experience and expertise in the wind energy and marine sectors. Combining these two advantages together will enable us to turn our industry into an international leader in this essential and burgeoning market”. At Greenalia, we are fully convinced that we are going to see a massive rise in the use of floating offshore wind energy, which should be a big boost for all industry in Galicia. In fact, the company has just initiated proceedings for the construction of Spain’s first floating offshore wind farm, in Gran Canaria, with an investment of over 114 million euros. This project will also contribute towards showcasing this sector in Galicia. Over the coming months, the company will present its global strategy to develop this technology and set itself apart as a leader within the sector. As José María Castellano puts it: “we have invested in Greenalia as we believe that the company is fully committed to respecting our environment, providing value to its customers, maintaining our communities, focusing on continuous improvement and innovation, investing in its employees and increasing value for its shareholders. These key objectives are in line with our family investment practices. We believe that we can use investment and innovation to drive forward both Galicia and Spain, making the company and our country more sustainable. Greenalia has the human resources and the experience to become a key player in the development of new ideas and to be a disruptive force within its own industry. Through innovative ideas, a professional team and hard work, our shared vision of sustainability will determine the next era of sustainable green industry in Galicia and Spain. We wanted to align ourselves with these values and the key reason for investing in Greenalia, was to achieve a larger and more capable sustainable company in the long term”. Extensive experience José María Castellano has a wealth of experience as a leader and investor. He became a member of the Board of Directors at Inditex in 1985 and in 1997, he was appointed as vice president and managing director for the group. He has also been the president of both ONO and NovaGalicia Banco. José María Castellano has a doctorate in Economic and Business Sciences from the Complutense University of Madrid and is a professor of Financial Economics and Accounting at the University of A Coruña and a member of the Spanish Royal Academy of Economic and Financial Sciences. He is currently a member of various boards of directors at a number of prominent Spanish companies.... Read more...GREENALIA STARTS THE DEVELOPMENT OF SPAIN`S FIRST FLOATING OFFSHORE WIND FARM IN GRAN CANARIA02/06/20The company GREENALIA is launching its first Floating Offshore Wind Project in Gran Canaria by filing its project & environmental planning application. The project Parque Eólico GOFIO is a 50 MW offshore wind farm located in the South East of the Gran Canaria Island, in front of the municipality of San Bartolomé de Tirajana and in close proximity to the port of Arinaga. The power plant is formed by four 12,5 MW offshore wind turbines on top of floating foundations and will deliver the energy produced by the use of submarine cables. The project is located in one of the areas with highest wind resource in Europe as it has been highlighted in several energy reports. In this way, GREENALIA (based in Galicia, Spain) is endorsing its committment on developing green energy projects as part of the New Green Deal and subsequently wants to be a key part of the descarbonization process both in Spain and Europe. The same way, GREENALIA wants to diversify its energy portfolio by adding on of the most promising Renewable Energy sources to it, as offshore wind is surely the source with the biggest growth rate in the World in the last decade, but also with a vast development potential throughout the World´s Seas and Oceans GREENALIA believes firmly that this project could help to unlock the potential of Offshore Wind Energy in Spanish coasts. The same way, GREENALIA believes that the development of this project will have a significant positive effect in local Canary economy by creating a lot of direct and indirect jobs, but also will be an important opportunity for Galician industry suppliers to lead the coming Floating Offshore Wind market. In this sense, the European Commission currently considers Offshore Wind Energy as the main basis of green energy growth in Europe for coming years in order to achieve the 2050 “zero emisión” target, the same way that the International Energy Agency (IEA) predicts that Offshore Wind Energy will be the main energy source in Europe by 2042. In late 2019, Wind Europe presented their manifest “Our Energy, Our Future”, where sets a target of 450 GW of Offshore Wind energy in Europe by 2050. The same way, this manifest sets a 13 GW target for Spain to meet the European target, while currently there is only a 5 MW offshore wind turbine connected to the Spanish Grid, in the Canary Islands. The energy produced by Parque Eólico Gofio will be enough to feed approximately 70.000 households, as well as avoiding the equivalent of 140.000 tons on CO2 or the emissions of the 90.000 cars yearly. It is expected that the full development, construction and operation of Parque Eólico Gofio will contribute to the green development in the Canary Region in order to meet 310 MW Marine Renewable Energy target established by the Canary Government in 2017 in the so-called “Estrategia Energética de Canarias 2015-2025 (EECan25)”. But furthermore, it is also expected that this development and others coming will position the Canary Island as one of the leading Regions in the World on the develoment of Floating Wind Energy.... Read more... More News
