On 3 October, Red Eléctrica Corporación (REC) formalized the acquisition of Hispasat after obtaining the permits and authorisations from both the Spanish State and other countries in which the Company operates.

The Rómulo project represented an electricity interconnection challenge that proved to be successful in paving the way to eliminating the electrical isolation of the Balearic Islands and enabled the integration of renewable generation from the mainland into the archipelago. Today marks the seventh anniversary of the commissioning of this pioneering project.

Red Eléctrica is developing an R&D+i project based on the installation of IoT (Internet of Things) sensors to help in early detection of forest fires.

Red Eléctrica de España has today finished presenting its comments and arguments to the draft Circulars issued by the Spanish National Markets and Competition Commission (CNMC) regarding the remuneration model of the electricity system operator and that of the electricity transmission activity, as well as the financial remuneration rate that affects both activities.

The Proposed Circular (Official Notice) issued by the Spanish National Markets and Competition Commission (CNMC) on 5 July, establishing the methodology for calculating the remuneration of the electrical energy transmission activity, introduces a series of relevant modifications to current regulations that do not favour the fulfilment of the strategic priorities established by the Government in energy matters.

MANINT (Smart Maintenance), is a digital transformation project which has become a spearheads the commitment to technological innovation of Red Eléctrica.

In times where there is a lack of renewable energy sources on the Canary Islands, pumped storage is the only tool that facilitates the much-needed large-scale storage of energy.

Last april we celebrated a meeting with more than 40 professionals from sectors such as generation, distribution and consumption who shared with us their vision about the sector and the challenges of the energy transition.

Red Eléctrica, the Educational Department of the Regional Government of Castilla y León and the Regional Energy Agency (EREN) have launched the first national Vocational Training programme specialised in the management of power stations. To date, the academic prospectus of the national Vocational Training programme did not include a degree that would enable access to the labour market for people trained for the positions of advanced technical expert in the operation and maintenance of power stations.

On 22 March, the Chairman of the Red Eléctrica Group, Jordi Sevilla, had his first meeting with the Company’s shareholders. An event that had several highlights and that helped take stock of the past year and also put on the table and discuss future challenges.