Red Electrica Corporacion S.A. Logo

Red Electrica Corporacion S.A.

ISIN: ES0173093024 | Ticker: RED

About Red Electrica Corporacion S.A.

Company Description

Red Eléctrica de España is the sole transmission agent and operator (TSO) of the national electricity system in Spain. Its mission is to operate the system in real time, guaranteeing the continuity of supply and the safe integration of renewable energy. In addition, it develops, expands and maintains the high voltage electricity transmission grid in a sustainable way.

Red Eléctrica Infraestructuras en Canarias (Reincan) responds to the need to promote energy storage projects in the Canary Islands, as tools for the system operator to guarantee the supply on the islands at all times and to optimise the integration of renewable energy.

The organisational structure of the Company was transformed in 2008 into a holding structure so as to strengthen the separation and transparency of the regulated activities in Spain -transmission and system operation- from the remaining activities.

Year founded

1985

Served area

Spain

Headcount

1,900

Headquarters

Po Conde de los Gaitanes 177, 28109 Alcobendas-Madrid – Spain

Shareholder information

Shares outstanding

541,080,000

IPO

July 7, 1999

Stock exchange(s)

Bolsa de Madrid

Contact

Newsletter

Subscribe to our newsletter and receive information about recent IPOs, news in the European capital market and more.