Red Electrica de España

Established in 1985, REE was the first company in the world exclusively dedicated to the transmission of electricity and the operation of electricity systems. As such its principal mission is to guarantee the continuity and security of the power supply and to properly coordinate the production and transmission system. As the manager of the transmission grid, REE acts as the sole transmissioner and as such must guarantee that facilities are adequately developed and enlarged as needed, that they are maintained and enhanced on the basis of uniform and consistent criteria, that the transmission of power between external systems using the power system is properly managed, amongs other activities

  • Size: Large
  • Type: Private company
  • Listed: Listed
  • Sector: Energy Utilities
  • Country: Spain
  • Country Status: OECD
  • Employees: 1,000 - 5,000
  • Revenue: 1842137000 USD
  • GRI Community: Not provided
  • Stock listing code: ES0173093115

Contact

www: visit
HQ Address: Paseo Conde de los Gaitanes 177, 28109
HQ City: Alcobendas
Contact person: Ángel Ibisate de Dios
Email: send email

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Reports



Risk

Widespread public rejection to the construction of facilities. Long-term regulatory risk. Decision to assign the 220 kV facilities to the Autonomous Communities. National and international economic crisis. Financial market situation. Position of the company in the face of the creation of ISO EUROPE.

Opportunities

Intelligent technologies (electric cars and hybrid vehicles). Development and integration of renewable energies. Development of the transmission grids in the Canary and Balearic Islands. New energy storage devices. Increasing need for interconnection with neighbouring countries. Growing coverage and value of corporate responsibility. Construction of new singular transmission lines. International chairmanship of the VLPGC. REN partnership.