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Endesa plans $3.5 billion green hydrogen investment in Spain

Reuters: Spanish utility Endesa is planning to invest 2.9 billion euros ($3.5 billion) to develop 23 green hydrogen projects in Spain to boost the green transition in the country. Endesa, controlled by Italian utility Enel, said in a statement on Monday it had presented plans to the Spanish government to build electrolysers with an overall […]

February 2, 2021 Read More →

Transition away from coal speeding up in Spain

El País: Spain is on track to become a coal-free country in record time. All of its remaining coal-fired thermal power plants will start shutting down on Tuesday, a year-and-a-half after the closure of the coal mines, which could not survive without the state aid that the European Union has banned. Seven out of the […]

June 29, 2020 Read More →

Spain’s Endesa looking to speed up renewable energy investments in pandemic recovery efforts

S&P Global Market Intelligence ($): Utility Endesa SA said it could speed up investments in wind and solar power as the Spanish government emphasizes green spending to boost its economy, while the coronavirus is leading to only minor delays in its construction program. “The company has already resumed construction on all its renewable farm projects […]

May 5, 2020 Read More →

European utilities continue their exit from coal-fired electricity generation

S&P Global Market Intelligence ($): Utilities in Europe are continuing to move on from coal power after a challenging price environment led to billions in write-downs and a wave of early closures in 2019, with government phaseouts set to cut down the list of remaining power plants even further in the coming years. Francesco Starace, […]

March 30, 2020 Read More →

Coal losses prompt Spain’s Endesa to speed renewable energy investments

S&P Global Market Intelligence ($): Endesa SA is going all out on wind and solar power to replace money-losing coal plants in Spain and Portugal, executives said, after write-offs on the legacy assets dragged down the utility’s net income by 80% in 2019. Endesa, one of Spain’s largest utilities, is planning to close most of […]

February 25, 2020 Read More →

Spain’s coal-fired electric generation fell to record low 4% of total demand in 2019

S&P Global Market Intelligence ($): Spanish coal demand for generation slumped to its lowest year on record in 2019, with demand at around a quarter of the previous five years’ average and December recording the first coal-free generation days on record. Total coal-fired output in Spain was 10.8 TWh in the full year, according to […]

January 3, 2020 Read More →

Endesa to replace 1.1GW Teruel coal plant with solar, wind and battery storage

PV Tech: Plans for what is being billed as “Europe’s largest solar plant” have been put forward in Spain as the UN climate negotiations came to a close in Madrid. Endesa took the floor at the COP25 summit in Madrid to announce a roadmap to replace its major thermal power plant in the Teruel province […]

December 16, 2019 Read More →

IEEFA Europe: Looming EU anti-pollution standards undercut recent coal investments

Rising carbon prices, falling renewable costs argue for closing coal plants, not retrofitting them

New anti-pollution standards in the European Union that take effect in 2021 are highlighting how cheap coal power plants are no longer an opportunity for buyers to make a quick buck, or grow market share, putting pressure on selling utilities and their investors to close them instead. The business models of two Czech-based firms, Sev.en […]

November 27, 2019 Read More →

Endesa plans to close all coal capacity in Spain, Portugal

Greentech Media: Coal power is no longer competitive in mainland Spain, according to Enel subsidiary Endesa, as the company plans to shut down all of its coal-fired generation capacity on the Iberian peninsula. Endesa operates 23 gigawatts of capacity in total in Spain and Portugal, including 7.5 gigawatts of “traditional thermal power.” In a statement […]

September 30, 2019 Read More →

Coal-fired electric generation in Spain falls to record low levels

El País: It is not raining, there is less wind and the reservoirs are drying up. Summer is not a good time of year for renewables, and so the chimneys in the coal-fueled power stations of Spain should be belching out smoke right now as usual. And yet the use of this highly contaminating fossil […]

July 16, 2019 Read More →