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MarketScreener Homepage  >  Equities  >  Bolsas y Mercados Espanoles  >  ENDESA, S.A.    ELE   ES0130670112

ENDESA, S.A.

(ELE)
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ENDESA S A : connects an 18 MW wind farm in Blesa and Moyuela, in the provinces of Teruel and Zaragoza, to the grid

09/22/2020 | 11:40am EST
  • The Cañaseca plant, which represents an investment of 21.93 million euros, will be able to generate 55.28 GWh per year.

Endesa, through its renewable energy division Enel Green Power Spain, has connected a 18 MW wind farm in the municipalities of Allueva, Anadón and Fonfría in Teruel province to the grid. The investment associated with this project amounts to 21.93 million euros.

The Cañaseca wind farm has five 3.6-MW wind turbines and will generate around 55.28 GWh per year. Its commissioning will prevent approximately 25,740 tonnes of CO2 from being emitted into the atmosphere each year.

Enel Green Power Spain (EGPS) connected thirteen wind farms to the grid in Teruel and Zaragoza provinces in Spain's Aragón region in 2019, with a combined total capacity of 424 MW. In 2020, it plans to connect 82 new megawatts of wind power in these two provinces.

Endesa uses a project development model that encompasses actions for the creation of social value for the areas in which they are built, the so-called Creation of Shared Value (CSV) model. CSV plans are designed in collaboration with local stakeholders and their ultimate aim is to maximise the social and economic impact of the projects on the community. These CSV plans prioritise, among other actions, hiring local labour, as well as local catering services and accommodation for the workers.

The construction of this renewable capacity follows Endesa's strategy of completely decarbonising its generation mix by 2050. According to the company's latest Strategic Plan, the next milestone is to reach 10.2 GW of renewable installed capacity by 2022, compared with the estimated 7.4 GW at the end of 2019, for a total investment of some €3.8 billion.

Through EGPS, Endesa currently manages more than 7,477.5 MW of renewable capacity in Spain. Of this figure, 4,669 MW comes from conventional hydraulic generation; and the rest, 2,808.5 MW, comes from wind (2,377 MW), solar (352 MW), mini-hydro (79 MW) and other renewable sources (0.5 MW).

Enel Green Power, part of the Enel Group, is dedicated to the development and operation of renewables worldwide, with a presence in Europe, the Americas, Asia, Africa and Oceania. Enel Green Power is a global leader in the green energy sector with an installed capacity of over 46.4 GW in a generation mix that includes wind, solar, geothermal and hydropower, and it is at the forefront of integrating innovative technologies into renewable energy plants.

Disclaimer

Endesa SA published this content on 21 September 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 September 2020 15:39:03 UTC


© Publicnow 2020
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Financials
Sales 2020 20 005 M 23 974 M 23 974 M
Net income 2020 1 891 M 2 266 M 2 266 M
Net Debt 2020 7 073 M 8 477 M 8 477 M
P/E ratio 2020 13,5x
Yield 2020 7,27%
Capitalization 25 717 M 30 747 M 30 820 M
EV / Sales 2020 1,64x
EV / Sales 2021 1,67x
Nbr of Employees 9 688
Free-Float 29,9%
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Mean consensus OUTPERFORM
Number of Analysts 20
Average target price 25,91 €
Last Close Price 24,29 €
Spread / Highest target 19,8%
Spread / Average Target 6,68%
Spread / Lowest Target -17,7%
EPS Revisions
Managers
NameTitle
José Damián Bogas Gálvez Chief Executive Officer & Executive Director
Juan Sánchez-Calero Guilarte Chairman
Luca Passa General Manager-Administration, Finance & Control
Manuel Fernando Marín Guzmán GM-Information & Communications Technology
Miquel Roca I. Junyent Lead Independent External Director
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