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Energy transition
The energy transition is the shift toward a more sustainable energy model. It represents a technological and economic challenge, as well as an unprecedented opportunity to create value for society.
What is the energy transition?
The energy transition is a comprehensive, gradual process in which societies move away from relying on polluting energy sources (mainly fossil fuels) for development and growth toward cleaner, more sustainable, and decentralised energy systems.
The goal of the energy transition is to reduce greenhouse gas emissions to ensure sustainable global growth and mitigate climate change. The global framework guiding this effort is the Paris Agreement, which sets the target of achieving climate neutrality by 2050.
Zero emissions ambition
The decarbonisation process required to reduce polluting emissions involves not only changing the way energy is generated but also how it is used across sectors such as transportation, industry, and construction.
In line with the goal of limiting global temperature rise to 1.5 °C, we are accelerating the decarbonisation of our energy mix, which will be fully renewable by 2040. In addition, we are helping decarbonise other energy uses, such as mobility and heating/cooling.
Evolution of the energy model
The energy sector is at the centre of global transformations, driven by the need to reduce emissions, ensure universal access to energy, and address the challenges posed by climate change.
Generation, storage, and electricity grids
The energy transition starts at the source —with the way we generate and distribute energy. It involves replacing emission-heavy energy sources with clean alternatives.
The closure of our six coal-fired power plants on the Iberian Peninsula (five in Spain and one in Portugal, totalling 5.7 GW) marks a milestone in this process. We are leaving coal behind, yet we are remaining in the regions where we have been present for so many years.
To mitigate the impact of these closures and promote new industrial projects, we have launched six Futur-e Plans. These plans focus on staff relocation, economic development, training, and municipal sustainability. In addition, we have been awarded the only two just transition tenders issued to date by the governments of both countries: the Pego tender (Portugal, 2021) and Andorra tender (Teruel, 2022).
Beyond committing to zero-emission generation, it is essential to innovate in storage and electricity grids. Therefore, we drive the development of high-capacity batteries, digitalisation, and smart system management to integrate renewable energies.
Just transition
The closure of coal-fired power plants goes hand in hand with initiatives that support a just transition, designed to create new economic and social opportunities while protecting the local environment.
Just transition
The closure of coal-fired power plants goes hand in hand with initiatives that support a just transition, designed to create new economic and social opportunities while protecting the local environment.
Just transition
The closure of coal-fired power plants goes hand in hand with initiatives that support a just transition, designed to create new economic and social opportunities while protecting the local environment.
Renewable energy
Sustainability must guide every renewable project, integrating environmental protection, operational efficiency, and the creation of shared value with local communities.
Renewable energy
Sustainability must guide every renewable project, integrating environmental protection, operational efficiency, and the creation of shared value with local communities.
Renewable energy
Sustainability must guide every renewable project, integrating environmental protection, operational efficiency, and the creation of shared value with local communities.
Electricity grids
The electricity distribution network must evolve toward a smart and sustainable model, powered by digitalisation and innovation to integrate renewable energies, improve operational efficiency, and ensure reliable supply.
Electricity grids
The electricity distribution network must evolve toward a smart and sustainable model, powered by digitalisation and innovation to integrate renewable energies, improve operational efficiency, and ensure reliable supply.
Electricity grids
The electricity distribution network must evolve toward a smart and sustainable model, powered by digitalisation and innovation to integrate renewable energies, improve operational efficiency, and ensure reliable supply.
Energy use
The transition does not end with generation; it is completed in the way we use energy. Making better use of energy means optimising industrial processes, buildings, and transmission systems to reduce consumption without sacrificing quality of life.
Real change requires a cultural shift. Citizens must play an active role by consuming energy consciously and responsibly.
Electrification
Based on emissions-free generation and digital grids, electrification accelerates the transition by integrating electric vehicles, electrified industrial processes, and self-consumption solutions.
Electrification
Based on emissions-free generation and digital grids, electrification accelerates the transition by integrating electric vehicles, electrified industrial processes, and self-consumption solutions.
Electrification
Based on emissions-free generation and digital grids, electrification accelerates the transition by integrating electric vehicles, electrified industrial processes, and self-consumption solutions.
Economic, social, and environmental impact
The energy transition goes far beyond replacing one energy source with another. Its impact also extends to the economy, society, and the environment, transforming regions and generating new opportunities. This process drives job creation, innovation, and social cohesion.
Economic impact
The transformation of the energy system is opening the way for new business models, with opportunities related to self-consumption, distributed energy, and grid-related services. At the same time, it is crucial to ensure that clean energy remains affordable and competitive.
Economic impact
The transformation of the energy system is opening the way for new business models, with opportunities related to self-consumption, distributed energy, and grid-related services. At the same time, it is crucial to ensure that clean energy remains affordable and competitive.
Economic impact
The transformation of the energy system is opening the way for new business models, with opportunities related to self-consumption, distributed energy, and grid-related services. At the same time, it is crucial to ensure that clean energy remains affordable and competitive.
Social impact
The energy transition is not just a technological or economic challenge but also an unprecedented opportunity to create social value.
The shared value creation model generates opportunities in local communities through training, employment, and the deepest possible integration with the territory.
Social impact
The energy transition is not just a technological or economic challenge but also an unprecedented opportunity to create social value.
The shared value creation model generates opportunities in local communities through training, employment, and the deepest possible integration with the territory.
Social impact
The energy transition is not just a technological or economic challenge but also an unprecedented opportunity to create social value.
The shared value creation model generates opportunities in local communities through training, employment, and the deepest possible integration with the territory.
Environmental impact
Protecting the environment is at the heart of our commitment to sustainable development. Biodiversity conservation, responsible environmental management, and efficient water use all help safeguard natural resources and maintain their long-term balance.
Environmental impact
Protecting the environment is at the heart of our commitment to sustainable development. Biodiversity conservation, responsible environmental management, and efficient water use all help safeguard natural resources and maintain their long-term balance.
Environmental impact
Protecting the environment is at the heart of our commitment to sustainable development. Biodiversity conservation, responsible environmental management, and efficient water use all help safeguard natural resources and maintain their long-term balance.
In Spain, the energy transition is gaining momentum thanks to the excellent competitive position provided by the development of renewable energies. This progress is attracting new industries and accelerating electrification, but it also faces a major challenge: the electricity grid’s capacity to meet new demand.
To consolidate the decarbonisation process of society and take full advantage of the economic growth opportunities, we need to strengthen and modernise the grid, incorporate storage systems, and improve coordination among all stakeholders. Furthermore, we should implement a regulatory framework that encourages investment and provides stability.
A clear and stable regulatory framework enables progress toward a low-carbon economy and provides security to those investing in a more sustainable future.