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Spain

Spain

Endesa takes high renewables profile

Since calling off the sale of its renewables wing, Spain's largest utility, Endesa, has taken a high renewables profile in the national press, despite plans to invest strongly in coal-fired generation. The company aims to increase its renewables capacity from today's 1400 MW to 3400 MW by 2008. Most of the 2000 MW leap will come from wind power. The wind commitment includes regional plans for 900 MW in Andalucia, 438 MW in Castile and León and 450 MW in Valencia, together with continued investment in Galicia (where the utility already operates 360 MW) and Aragon. The renewables wing -- Endesa Cogeneración y Renovables (Ecyr) -- has this year commissioned 74 MW of wind stations and claims to own or have majority shares in a total of 812 MW. Endesa is currently building a 78 MW wind complex in the Tarifa district of Andalucia, scheduled for commissioning by summer 2004. A further 47 MW is going up in the Soria province of Castile and León, developed by Explotaciones Eólicas Aldehuelas, half owned by Ecyr. In both cases, 800 kW turbines will be supplied by MADE Technologías, sold by Endesa to Gamesa earlier this year. Endesa Boss Rafael Miranda underlined the utility's renewables commitment during his recent presentation of the company's EUR 12 billion investment plan for 2003-2008, aimed at increasing overall generation by 14%. Endesa aims to put up 2800 MW in new combined cycle gas plants and to modernise coal-fired plants.

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