Endesa to Invest Euro 1,300M in Renewable Energies

April 06, 2004 by Jeff Shepard

Endesa (Spain) announced plans to invest Euro 1,300 million until 2008 in 3,400 MW of renewable energies, around 15 percent of Endesa's expected total installed capacity in 2008. The investments will involve the construction of 1,998 MW of renewable energies, out of which 85 MW will be mini-hydro and the rest wind projects. On top of this, Endesa will build 30 MW of cogeneration and 90 MW of other technologies.

In 2004, Endesa will invest Euro 240 million for the construction of 13 wind projects (two in Galicia, four in Andalusia, four in Aragon, and three in Castile and Leon) and a mini-hydro plant (in Aragon). The projects that will be fully operative this year, and will add 193 MW of renewable capacity to Endesa's portfolio.