Canary Islands News

canary islands electricity power investment 2026

Canaries Secures Major Power Boost in €500m National Deal

The Canary Islands have been awarded the lion’s share of a major national electricity capacity auction, mobilising over €500 million in investment. More than 1,000 megawatts of the 1,450 MW allocated nationwide will go to the archipelago, bolstering energy security and keeping wholesale prices in line with mainland Spain. This historic deal covers the islands’ power needs until 2029 and modernises the grid to support future economic growth.

Canaries Secures Major Power Boost in €500m National Deal Read More »

canary islands pension increase doubt after congress vote

Canary Islands Pension Rise in Doubt After Congress Vote

The future of a planned 2.7% pension increase for over 418,000 retirees in the Canary Islands is uncertain after Congress rejected the government’s omnibus decree. The government must now act swiftly to pass a new bill to prevent February payments from reverting to last year’s rates. The political stalemate mirrors an identical situation that occurred just one year ago.

Canary Islands Pension Rise in Doubt After Congress Vote Read More »

canary islands government reported unpaid environmental fines

Canary Islands Government Reported for €17m Unpaid Environmental Fines

The environmental group Turcón-Ecologistas en Acción has reported the Canary Islands government to the Anti-Corruption Prosecutor in Madrid for failing to collect €17 million in environmental fines. An official audit warns of serious deficiencies in sanction management, leading to public fund losses and environmental impunity. Read the full report on this structural failure.

Canary Islands Government Reported for €17m Unpaid Environmental Fines Read More »

canary islands zec record growth jobs 2025

Canary Islands ZEC Grows Five Times Faster Than Regional Economy

The Canary Islands Special Zone (ZEC) is booming, growing five times faster than the archipelago’s overall economy. With record turnover, profits, and the creation of nearly 1,500 new jobs in 2025, the ZEC is becoming a major hub for high-value international businesses. Read how this special economic zone is transforming the Canaries’ business landscape.

Canary Islands ZEC Grows Five Times Faster Than Regional Economy Read More »

Scroll to Top