Spanish national grid operator Red Eléctrica de España is set to invest €434m to support the Canary Islands Wind Energy Plan.
The funds will be used for the development of the Canary Islands transmission grid in order to integrate it with the power projects included in the plan.
According to the plan, the quota of new wind power generation projects will reach 403.2MW.
The electricity transmission grid is required to have the necessary energy evacuation capacity for the new renewable generation before the end of this year.
The latest funding is said to be part of the total €1.55bn investment anticipated by the company for the 2010-2019 period.
It is divided into four categories that include the Canary Islands wind energy plan, the inter-connections between islands, the improvement of grid assets (MAR project) and the Soria-Chira pumped-storage hydroelectric power station.
Around €320m will be required to establish the required infrastructure in these categories.
In Gran Canaria, the company has enlarged the 66kV Aldea Blanca substation and is currently constructing the 66kV Arinaga and Agüimes substations and their associated connection lines with a €32.7m investment.
In Tenerife, €80.5m will be invested to expand the 66kV Tagoro substation and construct the 220/66kV El Porís and Abona substations and their associated lines.
With a €71.1m investment, the 66kV Callejones substation in Lanzarote has been built and the projects for the 132kV Tías-Playa Blanca line and the 132/66kV Tías and Playa Blanca substations have been planned.
The company has planned to invest €217.7m in Fuerteventura to construct the 132kV Jares substation and its connection line.
The improved interconnection between Lanzarote and Fuerteventura will enable them to form a single electricity system that will improve their capacity to safely integrate the new renewable generation.
Red Eléctrica de España is intending to invest €32.1m into this project.