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Our strategy
Our strategic plan updates our commitment to the energy transition to become a totally emission-free company by 2040.
2024-26 Strategic plan
Distribution networks and renewable energies, pillars of clean electrification
The new 2024-2026 Strategic Plan, which we presented to the investment community on 23 November 2023, updates our strategy in line with the previous plan. Gross investment will amount to €8,900 million to grow in clean electrification, with distribution networks and renewable generation as key axes.
Three strategic pillars for this period are
- profitability and flexibility based on the external partners model for renewable development when deciding on the destination for investments
- the efficiency and effectiveness of operations, with greater cost control and maximisation of cash generation
- financial and environmental sustainability.
It is a continuation plan with regard to the previous one, which we presented in a context of rising financial costs and inflation. To face this situation we are redefining our priorities: Investment in networks is linked to the new regulatory parameters, and we will have partners who will collaborate in the development of renewable projects.
Decarbonisation
93% of Endesa's mainland production will be emission-free by 2026, up from 79% at the end of this year. Net Zero by 2040.
Decarbonisation
93% of Endesa's mainland production will be emission-free by 2026, up from 79% at the end of this year. Net Zero by 2040.
Decarbonisation
93% of Endesa's mainland production will be emission-free by 2026, up from 79% at the end of this year. Net Zero by 2040.
Clean electrification
Objective: 90% of energy sold to fixed-price customers will originate from zero-emission sources by 2026.
Clean electrification
Objective: 90% of energy sold to fixed-price customers will originate from zero-emission sources by 2026.
Clean electrification
Objective: 90% of energy sold to fixed-price customers will originate from zero-emission sources by 2026.
Distribution networks
Greater investment than in the previous period, pending greater visibility on the new 2026-2031 regulatory period.
Distribution networks
Greater investment than in the previous period, pending greater visibility on the new 2026-2031 regulatory period.
Distribution networks
Greater investment than in the previous period, pending greater visibility on the new 2026-2031 regulatory period.
Renewables
Investment to reach 13,900 MW of renewable capacity by the end of 2026. Andorra, Pego and Galicia's 800 MW wind power as star projects.
Renewables
Investment to reach 13,900 MW of renewable capacity by the end of 2026. Andorra, Pego and Galicia's 800 MW wind power as star projects.
Renewables
Investment to reach 13,900 MW of renewable capacity by the end of 2026. Andorra, Pego and Galicia's 800 MW wind power as star projects.
Our aim is to achieve full decarbonisation by 2040, which would make this a Net Zero company, with the abandoning of coal in the islands business as an intermediate milestone in 2027. All this following the closure of the last coal-fired power plant in mainland Spain, As Pontes, in 2023. 93% of our mainland production will be emission-free by 2026, up from 79% at the end of this year.
