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Investment in sustainable development, the key to economic recovery

With our action plans to promote the transition towards an economic model based on clean energy, we want to contribute to the country’s economic growth and the regeneration of the economic and social fabric

The current transition towards an emission-free energy model is a fundamental piece towards getting out of the crisis caused by COVID-19. Our commitment to the sustainable development that will enable this energy transition to be carried out represents a key opportunity to contribute to economic acceleration.

As a leading company in the energy sector, we are promoting action plans to contribute to the country's economic growth and the regeneration of the economic and social fabric. 

We are the energy company that invests the most in Spain. As we announced in the presentation of our Strategic Plan 2020-2022, we will invest €7.7 billion until 2022.

Thanks to this plan, in 2022 we will be the cleanest and lowest emitting comprehensive electricity company on the Iberian Peninsula. 

Renewables
€3,800
million of investment until 2022
Digitalisation
€950
million until 2022
Electric mobility
2,000
public charging points installed in 2020
“In 2022 we will be the cleanest and lowest-emitting full-service electricity company on the Iberian Peninsula”.

José Bogas, CEO of Endesa

Decarbonisation

Renewable energy development

In 2019, we obtained the first tangible results of Endesa's global transformation towards a more renewable mix: we increased investment in renewable energy by 211% and now 60% of the company's generation is free of CO2 emissions, 85% if we focus on the peninsula.

The growth in renewable generation responds to our strategy of completely decarbonising the generation mix by 2050. To achieve this goal, we have set ourselves the milestone of reaching 10.2 GW of renewable installed capacity by 2022, with a total investment of around €3.8 billion.

Digitalisation

Digital transformation for a better service

The stakes that Endesa has placed on digitisation in recent years, investing €1.2 billion in the period 2016-2019, are more than paying off in the current emergency situation caused by the coronavirus, by helping to assure the supply of electricity in the best conditions, with maximum safety for workers, and allowing customer service to be maintained remotely.

Last year alone, we invested 352 million euros in digitising our processes and assets, while at the same time strengthening cyber-security to minimise the risks associated with the digital transformation.

Our intention is to intensify this commitment in the next few years, allocating nearly 950 million euros more to digitisation projects from now to 2022, of which 778 million euros or 82% are earmarked for the distribution network. The digitisation of the electricity grid is making it possible to carry out operations remotely, cut service restoration times in the event of breakdowns and reduce operator call-out, increasing their safety in the current health crisis.

Electric mobility

We promote sustainable mobility

Despite the unprecedented health crisis that our country is experiencing, the company is making an extra effort to maintain its commitment to electric mobility and with its goal of ending 2020 with the first 2,000 public access charging points installed and available to users.  

The aim is for drivers to have an Endesa charging point within a distance of less than 100 kilometres by the end of the year on the 15,000 kilometres of main roads that exist in Spain.

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