The publication Foreing Direct Investment Magazine (belonging to the Times financial group) awarded the Canary Islands 2 major prizes: best region in southern Europe, and the other best promotion strategy.
This upward trend is also reflected in the opening of delegations of American, Russian and Brazilian chambers of commerce in the archipelago: they are deciding to invest in the Canaries.
Renewable Energies
In the field of renewable energies, investments in, thanks to unique natural conditions, stand out:
-solar energy
-photovoltaic energy, wind energy
-motive sea energy
-geothermal energy
-water desalination: the Canaries are world leaders: the first Spanish plant was established in Lanzarote in 1965.
Development of an ocean platform in the Canaries to implant major projects in the main islands, but also in Latin America and especially in Africa.
Investing in the Canaries brings great return on investment per square metre in sectors such as wind power, photovoltaics and an important development in applied research. A 100% renewable energy project is active in the archipelago, which aims to create the world's first energy self-sustainable island thanks to clean energy.
There are important tax advantages for development as well as for scientific investigation applied to the enhancement of renewable energy. To invest in the Canaries in the aforementioned areas, one is rewarded with economic aid that is even higher than the rest in Spain and Europe.