About Iter
Instituto Tecnológico y de Energías Renovables S.A., ITER, was founded by the Cabildo Insular de Tenerife, the island's administrative authority. It was aimed to cover the need of starting a new research field in the islands to reduce the exterior energy supplying dependence and allow a cleaner and sustainable development.
To fulfil this aim, its objectives are to promote research activities and technological development related with the use of the renewable energies, as well as other interests aspects for the regional social-economical development: subterranean hydro resources, seismic-volcanic prediction and surveillance, environmental control, and development of communication and information technologies.
Entrusted activities in its social purpose:
- To implement and promote renewable energies applied researches
- To develop technological systems for renewable energies uses.
- To coordinate energy D+R projects in the Canary Islands.
- To create the needed infrastructure for the development of local research activities, engineering and industry.
- To develop results for the local industry and export the know-how to other countries and archipelagos.
- To promote the relation with the scientific community at national and international level.
- Scientific personnel training in all renewable energies fields.
ITER main activities are:
- Electricity generation from Renewable energies (photovoltaic solar energy and wind energy).
- Research and development projects related to renewable energies, environment and new technologies.
Shareholders
ITER social capital is shared out between several shareholders as follows:
- Caja General de Ahorros de Canarias 7.74 %
- ITC 6.06%
- Cabildo Insular de Tenerife 80.95 %
- ITER 5.25%