Link Securities | Endesa has closed a deal with Masdar, a leading clean energy company in the United Arab Emirates, to sell a minority stake equivalent to 49.99% of the share capital of EGPE Solar 2, a wholly-owned entity that brings together four of Endesa’s photovoltaic assets in operation in Spain, with a total installed capacity of around 446 MW. Under the agreement signed on 24 March 2025, Masdar has…
Link Securities | Endesa (ELE), Spain’s largest electricity company in terms of power distribution lines, has signed an agreement with Masorange to purchase its energy marketing company, Energía Colectiva, according to a report in Wednesday’s edition of the newspaper Expansión. The value of the transaction has been estimated at €90 million. Energía Colectiva has 350,000 electricity and gas customers. The transaction is part of a broader agreement that includes the…
Banco Sabadell | Both energy companies are reportedly pressuring Minister Carlos Cuerpo to intervene with the National Commission on Markets and Competition (CNMC) and modify the proposed remuneration for electricity networks. Thus, although the CNMC’s current proposal for a financial remuneration rate of 6.46% would exceed the current legal maximum of 5.58%, the law allows this limit to be exceeded for justified reasons and with an express report from the…
Bankinter | Endesa (ENE) is the largest Spanish electricity company in terms of electricity distribution lines (320,000 km) and is calling for higher remuneration to carry out investments in networks. Last year, Endesa launched a Strategic Plan that envisaged a total investment of €9.6 billion for the period 2025-2027 (8% up on the previous plan). Forty-two per cent of the total investment would be allocated to networks (40% more than…
Link Securities | The company, through its renewable energy subsidiary, Enel Green Power España, has connected its largest repowered wind farm in Aldeavieja, between the municipalities of Santa María del Cubillo and Ojos Albos in Ávila, according to a report by the website Bolsamania.com last Friday. The facility has gone from 22 wind turbines to four, with greater renewable production capacity. ‘For us, this repowering is a real milestone,’ said…
Alphavalue/DIVACONS | The energy company increased the contracted power associated with its electric vehicle charging points on public roads by 23% during the first half of the year. The power figure in its distribution network rose from 175 MW at the end of 2024 to 215 MW at the end of June.
Bankinter | Net profit in line and positive surprise in cash generation. Guidance maintained. 40% of the year’s share buyback programme completed. Key figures compared to market consensus: EBITDA €2.711 billion (up 12%) versus €2.719 billion estimated; Net profit €1.041 billion (up 30%) versus €1.046 billion estimated; Operating cash flow €2.400 billion (up 101%); Net debt €9,900 million versus €9,294 million in December 2024. Maintains guidance for 2025, with EBITDA…
Bankinter | Good results for Q1 2025 and attractive assessment. Key figures compared to market consensus: EBITDA €1,431 million (+33%) versus €1,370 million estimated; NPA €583 million (+100%) versus €481 million estimated; Funds from Operations (FFO): €1,243; Net debt €10,159 million versus €9,294 million in December 2024. The management team maintains its 2025 guidance, which envisages EBITDA of between €5.4 billion and €5.6 billion (between +3% and +7%) and ordinary…
Bankinter | The board of directors of Endesa has approved two different tranches of buybacks. On the one hand, a first tranche of €17.3 million intended to comply with the flexible remuneration programmes for group employees, with a maximum of 1.11 million shares. The execution period will run from 28 March to 14 April. The second tranche is valued at a maximum amount of €500 million and the objective is…
CdM | Endesa, through its network subsidiary, e-distribución, has exceeded 30 GW of distributed renewable capacity connected to its distribution grid, enough to supply the consumption of almost 20 million homes and avoid the emission of close to 30 million tonnes of CO2. These are installations of small and medium-scale renewable energy producers and self-consumption which, in recent years, have been increasing their weight on the renewable generation map in…