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Home Europa Press

Torres appreciates the Government’s commitment to the Canary Islands after approving more than 360 million in investments for the Islands

June 14, 2022
in Europa Press
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Torres appreciates the Government’s commitment to the Canary Islands after approving more than 360 million in investments for the Islands
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SANTA CRUZ DE TENERIFE, June 14. (EUROPA PRESS) –

The President of the Canary Islands, Ángel Víctor Torres, thanked the Government of Spain for its commitment to the Autonomous Community after having approved, at the Council of Ministers on Tuesday, four agreements that together represent an investment of more than 360 million euros that will go to the Islands.

Specifically, the Council of Ministers has approved two Royal Decrees to improve tourism competitiveness in the Canary Islands (50 million) and to finance actions contemplated in the Sustainable Energy Strategy in the Canary Islands’ (302 million).

Likewise, the distribution of 7.3 million euros to the Canary Islands has been approved for the preservation of the coastal space and water resources, specifically, for the adaptation to the risk of flooding and the digitization of the water cycle, and another 3, 2 million more for actions to conserve marine biodiversity.

In statements to the media, Ángel Víctor Torres stressed that today is “an important day for the Canary Islands”, after “relevant” transfers for the Archipelago have been approved in the Council of Ministers, and he especially highlighted the 302 million euros that are allocated to the Islands for the energy transition.

He explained that these 302 million euros, allocated by the Ministry for the Ecological Transition and the Demographic Challenge, are managed directly by the Government of the Canary Islands, while the rest, up to a total of 466 million euros, are managed of the State.

The head of the Canarian Executive has stressed that with these funds progress will be made in decarbonisation, in the development of renewable energies and self-consumption in the Islands will be multiplied by 10. Likewise, he advanced that the Government of the Canary Islands is already working on the call to be able to access these subsidies.



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