Red Electrica Corporacion S.A.

Corporate Details

ISIN(s):

ES0173093024 (+1 more)

LEI:

5493009HMD0C90GUV498

Country:

Spain

Address:

PASEO DEL CONDE DE LOS GAITANES 177, 28109 Alcobendas

Website:

https://www.ree.es/en

Sector:

Electricity, gas, steam and air conditioning supply

Industry:

Electric power generation, transmission and distribution activities

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.