Futur-e, a model of the circular economy

Picture that represents the circular economy

Futur-e in Spain

At Endesa, we are aware of the energy challenges that society is facing: it is necessary to cover citizens’ new energy needs and at the same time, respond to some environmental and efficiency requirements that are increasingly demanding. For that reason, we are leading the transition toward a totally decarbonised energy system in 2050, in line with the criteria of the national energy policy promoted by the Ministry for Ecological Transition and with the commitment shared by all signatory countries of the agreements from the COP21 Paris Summit.

Within this context, last December, we submitted the request to close the coal plants in Andorra (Teruel) and Compostilla (León), given that the current regulatory and market conditions make it impossible to make the investments necessary so that these power plants comply with the new emissions limits set by the European Union, which will enter into force on 30 June 2020.

In parallel to this request, we have submitted plans for the future, intended to promote the development of economic activities and job creation in the areas of the two plants. As established in these plans, we are committed to relocate all employees of the plants and to give priority to the employees of the auxiliary companies in the contracting to undertake the works to close and dismantle both plants, in addition to develop the new renewable installations that will be carried out in the areas of the two plants.

The Futur-e project joins this plan for the future by launching an open, transparent, collaborative invitation for any interested party to present a restructuring project that generates economic activity in the power station sector. Projects will be evaluated by an independent committee, which will include local and regional representatives.