Sustainable energy makes good business sense, if you have any doubts, just look to the east. Energia Verde De Macronesia (EVM) is a joint Canarian and Japanese venture that is putting 100 million euros into building 2 large solar energy plants in Arico, on the east coast of Tenerife.
There are already wind turbines in the area, just up the road from ITER, the renewable energy project, but theses new plants are a major step forward in size and capacity. One plant will be able to produce 9 megawatts of power and the other 10 megawatts. that is enough to power 7,000 homes and would save 7,200 tons of CO2 per year, compared to a conventional power source. The project will also create 300 jobs, on site and in service spin offs.
The potential solar power of Tenerife is unlimited, and with major investors now willing to put cash where their concerns are, signs are hopeful for the future.