Endesa Buys A Portfolio Of Renewables In Cuenca

Endesa reinforces its commitment to the decarbonisation of the energy mix with the development of new renewable projects , reaching an investment so far this year of 1,295 million euros and purchases for a total of 1,770 MW between wind and solar. Through its subsidiary Enel Green Power Spain (EGPE), the company has just closed, in this regard, the acquisition of a 350 MW portfolio in Cuenca from the German group ABO Wind, which will maintain the development of the projects until their final delivery .

The operation, which completes one of the largest renewable energy developments undertaken this year in Spain, involves an investment of 315 million euros, which includes both the acquisition and construction of 3 wind and 2 solar projects . The construction of these facilities, which will be located in different towns in the Castilian-La Mancha province, is scheduled for autumn of this year, while its commissioning will foreseeably materialize at the end of 2022.

Employment creation
To achieve this, 1,450 direct jobs will be generated during the construction phase and another 27 permanent jobs during the useful life of the plant, the majority coming from Cuenca. Sources from the energy company highlight “the creation of shared value in the local communities in which the company develops its activity”, explaining that the energy company will develop training courses for the unemployed in renewable matters, “thus opening a future job in a sector in boom”.

At the end of July, the company reached an agreement with Prodiel to acquire a portfolio of 900 MW, thus adding to another operation to buy 1,000 MW from them carried out at the end of 2019. The purchase operation, valued at 630 million euros , allowed it to do so with eight new projects that will come into operation, foreseeably, in 2023 and that will allow it to expand its presence in Castilla La Mancha and Madrid.

Last March, and along the same lines of promoting green energy, the company also acquired a 519MW photovoltaic portfolio from the Spanish developer Arena Power.

Endesa, Ferrovial, Inditex … The best by ESG criteria and by fundamentals
Endesa, Ferrovial, Inditex … The best by ESG criteria and by fundamentals

It is an operation, where appropriate, consisting of eleven projects under development in Huelva and which will begin operating in 2024 . These facilities are also added to the recent start of the works, by Enel Green Power Spain, of its first solar park in Huelva capital -San Antonio-, with 30MW of power, 18 million investment and 100 jobs during its construction period .

The eleven projects that make up the cluster are located in six towns in the province of Huelva. Specifically, La Palma del Condado, Villarrasa, Gibraleón, Trigueros, San Juan del Puerto and Beas. All of them will evacuate the energy generated, which is equivalent to the electricity supply of some 305,000 homes, through a single transmission line that will be connected to the Palos substation. The substation is located in the Industrial Pole of Huelva, one of the largest energy consumption business agglomerations in Spain.

Company sources explain that the company “is firmly committed to the United Nations SDGs and, as such, decisively promotes the development of renewable energies through Enel Green Power Spain, the electrification of the economy and Corporate Social Responsibility”.

Endesa has reduced its polluting gas emissions by 85% , after having invested 500 million euros in the application of new technologies in its generation plants, which have allowed it to advance the deadlines set by European environmental objectives. Specifically, the company has installed catalytic reduction systems in the Canary Islands to mitigate nitrogen oxide (NOx) emissions, as well as wet desulfurization systems to reduce sulfur oxide (SO2) emissions. It has also applied a water injection system at the Mahón (Menorca) plant from the nearby city’s wastewater treatment plant.

In the peninsular combined cycle plants it has also carried out the adaptation of the steam groups and gas turbines, installing catalytic reduction systems and combustion optimization systems , reducing both NOx and carbon monoxide emissions ( CO).

With all these measures, Endesa’s generating park has reduced SO2 levels by 88%, NOx levels by 46% and particles by 88%, values ​​that are added to the reductions registered with the adaptation of the plants thermals.

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