The sun for hire in the Canary Islands: Endesa receives an award from Actualidad Económica magazine for one of the “100 best ideas”

The photovoltaic plants for self-consumption available for hire by corporate clients will make the most of the solar wealth of the Spanish archipelago

Published on 12 July 2018

The sun for hire in the Canary Islands: Endesa receives an award from Actualidad Económica magazine for one of the “100 best ideas”

“Las 100 Mejores Ideas,” the initiative launched by Actualidad Económica (which is published as weekly business supplement to the Spanish daily newspaper El Mundo) to identify the best corporate innovation ideas on the national market, has awarded Endesa, the Enel Group subsidiary in the country, a prestigious award in the “sustainability” category. The winning project is a revolutionary “solar hire” service which the electricity company offers in the Canary Islands as an “all inclusive” deal that goes from the initial assessment right through to the installation of the plant.

Although the Canary Islands rank among the world’s sunniest places, businesses based there have high electricity costs. Enel X, through Endesa, has found a brilliant solution: creating a turnkey contract for companies which includes the supply, installation and maintenance of a photovoltaic plant for self-production. After the first 15 years, the client can decide to buy the solar panel system, which until that moment has been rented from the supplier.

This is the “sun for hire” service. It provides all the benefits of a renewable, clean and sustainable energy source, while freeing the client from having to deal with such things as the bureaucratic process, buying the material and installation. Other benefits include the drastic reduction in consumption and a significant drop in emissions, while also removing the uncertainty of electricity costs and contributing to the client’s corporate social responsibility.

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