The El Grifo Brut Malvasia isn't just a fizzy wine. It's made using the traditional champagne method with secondary fermentation in the bottle. The result is a dry, slightly biscuity bottle of fizz that is as good as most cavas in the same price bracket (10-15 euros).
If you're celebrating in the Canary Islands, then we recommend that you do it with Canarian bubbles. Look out for bottles in large supermarkets and Canarian produce shops.
El Grifo winery started in 1775 and is the oldest in the Canary Islands and one of the oldest in Spain. Appropriately it makes its wines from grapes grown on pre-Phylloxera vines. It knocks out 600,000 bottles per year and they are all very drinkable. The Elñ Grifo dry white Malvasia is excellent value and available in lots of Gran Canaria supermarkets.