Red Eléctrica presents the awards to its best in-house energy efficiency projects of 2017

The Chairman of Red Eléctrica de España, José Folgado; the Corporate Director of Resources, Ángel Mahou, and the Manager of the Human Resources area, Jose Antonio Vernia, today presented the awards for its best in-house energy efficiency projects of 2017 at the 6th Edition of the Red Eléctrica eficiente Awards. The Company’s Red Eléctrica eficiente programme promotes the development of initiatives that help showcase the Group’s commitment to energy efficiency and to the fight against climate change. With these awards, the Company seeks to engage all its employees in said commitment through the exchange of knowledge and good practices among all areas of the business. In this sixth edition, a

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E.ON and RWE: two European energy companies focus their activities

E.ON will be transformed into a highly focused provider of European energy networks and state-of-the-art customer solutions, ideally positioned to drive Europe’s energy transition by innovation. This transformation anticipates the rising and legitimate demands of its customers in Germany and Europe, for instance in electro-mobility or the increasing interconnectedness of production and offers in regional energy networks. RWE will become a leading European electricity producer by means of renewable energy with attractive growth potential, optimally combined with security of supply through its conventional power plants and energy trading. E.ON to acquire RWE’s 76.8 percent stake in innogy. Via an asset exchange, RWE will receive substantially all of E.ON’s renewables activities,

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Red Eléctrica invests more than €9.3 million in innovation during 2017

In 2017, Red Eléctrica de España earmarked more than €9.3 million for the development of 85 initiatives related to innovation, considered as part of its strategy for the 2016-2019 period; a strategy defined with the purpose of boosting innovation as a lever for growth. This volume of investment, which in 2017 represented an increase of 8.1% on that of the previous year, has been geared towards initiatives in various areas of the Company’s business activity and has focused mainly on four vectors: digitalisation, people, sustainability and technology. In this regard, the Company has focused its efforts on continuing the development of the Best Paths project (BEyond the State-of-the-art Technologies for

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Iberdrola will invest €32 billion between 2018 and 2022, building the foundations for sustainable growth in the next decade

Iberdrola will invest €32 billion between 2018 and 2022, building the foundations for sustainable growth in the next decade. Ignacio Galán, the group’s Chairman, said: “Overall, the plan we are presenting today is fully consistent with our strategy over recent years, while seizing the opportunities provided by the new digital environment. In essence, it is a plan that maintains focus on growth in specific opportunities in regulated and long-term contracted businesses which offer earnings visibility, while maintaining a geographically balanced portfolio and exploring growth beyond those frontiers.” Over 90% of capex will be allocated to networks (50%), renewables (37%) and contracted generation in Mexico (4%), business areas which will represent 

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Endesa boosts its wind capacity by 132 MW with the purchase of five wind farms

Endesa, through its renewable energies division, Enel Green Power España (EGPE), has signed the purchase of five wind farms in Galicia and Catalonia from Gestinver for €178 million (including debt repayments).  This deal brings Endesa’s renewable generation capacity to 1,806 MW in Spain, comprising 1,749 MW of wind power, 43 MW of small hydropower, and 14 MW of other renewable energy sources.   Endesa, through its renewable energies division, Enel Green Power España (EGPE), has signed the purchase of 132 MW of wind power capacity through the acquisition of five wind farms located in Galicia and Catalonia. The deal was agreed with Elawan Energy  and Genera Avante for a price

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Ignacio Galan urges world leaders in Davos to speed up decarbonisation of the global economy

During his participation at the World Economic Forum’s panel debate on ‘Strategic Outlook: Energy Systems’ The Chairman of Iberdrola insists that the process is consistent with profitability, as demonstrated by the company’s track record, leaping from the 20th to one of the world’s four largest utilities by market capitalization He reiterates the need to electrify the economy through more renewables, more pumped storage capacity, more and smarter grids and more electric vehicles, in addition to the electricity industry having to invest some $19 trillion over the next 25 years In order to meet the rising demand for electricity in a sustainable manner, a stable, long-term regulatory framework is needed together

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Iberdrola’s Wikinger offshore wind farm connected to the grid in Germany

Total investment in the project amounts to circa €1.4 million The company has successfully connected the 350-MW wind farm to the national power grid. The facility will supply renewable energy to approximately 350,000 homes Iberdrola has connected its Wikinger offshore wind farm to the German power grid. The facility was built over the last 18 months in the Baltic Sea. By reaching this milestone, Wikinger adds 350 megawatts (MW) capacity to the system and will supply renewable energy to 350,000 homes, representing more than 20% of the power used by the state of Mecklenburg-West Pomerania, in whose waters the project is located. Iberdrola has met the demanding time frame set

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Vestas and Gas Natural Fenosa Renovables strengthen ties with order for five tailor-made wind parks in Spain

At WindEurope 2017 in Amsterdam, Vestas and Gas Natural Fenosa today sealed an agreement to build 86 MW of wind energy across five new wind parks in Spain. The order showcases Vestas’ 2 MW and 4 MW platforms’ versatility and flexibility, utilising the V110-2.0 MW, V117-3.45 MW and V126-3.45 MW to maximise energy output across different wind regimes. The five wind parks will be Vestas’ first projects derived from Spain’s latest auctions held in May. Commissioning and installation of the wind turbines is expected for the second half of 2018. Signing the contract in Amsterdam, Executive Vice President of Vestas Sales, Juan Araluce, said: “This contract proves Vestas’ capability to

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Start-up Rated Power is the big winner of EDP Open Innovation

At the end of the programme, the three finalists will be chosen at the Web Summit – Rated Power joins Cosol and Invoice Capture The final of the EDP Open Innovation Programme was held yesterday in Central Tejo, which elected Rated Power as the big winner from amongst 14 start-ups. In addition to Rated Power, two other companies were selected to attend the Web Summit. EDP Open Innovation is a start-ups acceleration program, which aims to support technology-driven entrepreneurship with a focus on energy and its multiple variants, including big data, internet of things (IoT), machine learning, data analytics. Last year, it extended its universe of operation to Brazil and

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Vattenfall expands UK business by establishing network operations – Vattenfall Networks Ltd

Leading European energy group Vattenfall has formed a new unit to own and operate electricity networks in Great Britain – Vattenfall Networks Ltd. Operations are expected to start in 2018 further expanding Vattenfall’s investment in the UK electricity market where Vattenfall today is one of the biggest producers of wind power. Vattenfall Networks operating licence was granted 1 November, by British energy regulator Ofgem and marks a first step for Vattenfall to establishing smart, independent electrical distribution network operations in Great Britain. “This is an another important step for Vattenfall in the UK which is an interesting market where we see good opportunities to further grow with our climate smart

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