ENDESA leading the way in clean energies

Endesa

ENDESA has made a big commitment to clean energies, as the company is planning to build 15 wind farms and three solar power plans. Another important element this strategy is its commitment to supplying 100 percent renewable energy to Ferrocarrils de la Generalitat de Catalunya (FGC).

These projects evidence the company’s progress in the search for formulas to combat climate change.

Clean energies

In late 2018, the European Investment Bank (EIB) granted ENDESA the first EIB Green Loan, which provides financing for facilitating investment in the energy industry or to promote power production from renewable sources.

The company will finance the construction of fifteen new 446-MW wind farms, as well as three 339-MW solar power plants.

ENDESA’s wind farms and solar power plants will be built in different locations across six autonomous communities: Aragón, Castilla-La Mancha, Castilla-León, Extremadura, Galicia, and Murcia.

The project will also contribute to creating jobs. Building these wind farms and solar power plants will enable to contract 1,700 people that will work on this project from the investment phase to its commissioning.

Although the EIB has financed many similar projects throughout its long history of fighting against climate change, this is the first time that it grants a loan for this specific purpose, thus facilitating that promoters like ENDESA can develop their decarbonization strategy.

Scope of this loan

The EIB Green Loan will finance operations that are fully in line with the requirements set out in its Climate Awareness Bonds program, and as a result is likely to be allocated to its portfolio of loan operations financed via the issuance of these bonds.

The EIB’s financing will also contribute to meeting the targets set in the National Renewable Action Plan. This program establishes that 20 percent of the energy consumed should come from renewable sources by 2020.

The EU bank is the multilateral institution that has facilitated the most funds to mitigate climate change all over the world. It earmarks at least 25 percent of its overall activity to this priority, and up to 35 percent in developing nations.

ENDESA has a successful participation in the renewable energy auctions organized in Spain between May and July 2017. The company was granted 540 MW for wind projects and 339 MW for solar projects. Said projects will entail an investment of over €800 million up to 2020.

Renewable energy in Catalonia

This year, ENDESA will start to supply 100 percent renewable electricity to Ferrocarrils de la Generalitat de Catalunya (FGC).

In a press statement, the company informed that it plans to renew the contract to supply high and low voltage power to the metropolitan lines and FGC’s mountain stations for an estimated €9.9 million; in addition to the regulated tariff, the electric tax, and the value-added tax.

For the first time ever, FGC will be exclusively powered by green energy.

The agreement includes electric service at the Barcelona-Vallès, Llobregat-Anoia, and Lleida-La Pobla metropolitan lines. Furthermore, it includes mountain stations managed by FGC: La Molina, Vall de Núria, Espot, Port Ainé, and Vallter. This adds a total of 300 kilometers of railway lines with 91 supply points and 31 high-voltage supply points.

The energy supplied to FGC will come from three sources: solar, wind, and most of all, hydroelectric.

For more information, visit Energía16

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