Endesa CEO José Bogas said on Wednesday that the company already has the equivalent of 15 terawatt hours (TWh) committed to supply data centers in Spain, and that by 2030 it expects an additional 15 TWh. In total, 30 TWh only in the case of Endesa, which would represent approximately 11% of all electricity consumption that the government forecasts for 2030 for the whole country in the National Integrated Energy and Climate Plan (PNIEC).
During a conference with analysts to present the electric company’s results until September, the manager indicated that they were having direct conversations with the end users of these centers and “the intermediaries”.
In April, the executive declared that “there are more and more cases” of data centers who exclude coming to Spain due to the lack of network and emphasize that in Ireland these installations represent 20% of the electricity demand of this country, while in Spain they currently represent only 0.2%. He then stressed that it would be necessary to “practically double” the current investment in networks to achieve the objectives of the PNIEC.
Bogas said there were “signs of recovery” in electricity demand in Spain and was “confident” that regulators will improve network remuneration, as they are “absolutely” convinced of the importance of this question to facilitate deployment. renewable energies.
Asked about the planned closure of nuclear power plants, he stressed that “this is what we have now” and recalled that he had already said “several times” that from an “intellectual” point of view he was against it. this blackout, which in the United States was postponed beyond the 40 years for which the power plants were designed.
According to Bogas, there are “many reasons” to maintain them. They will do “what the Spanish government and its energy policy indicate for the future, that is clear to us”, but they will continue “to try to convince the government” that maintaining the reactors is “good for Spain”.
The subsidiary of the Italian Enel earned 1,404 million until September, or 32.6% more, and reaffirmed that it is in a comfortable situation to achieve the upper range of the objectives set for 2024: close the year with a gross operating profit (Ebida) of between 4,900 and 5,200 million and an ordinary net profit of 1,600-1,700 million.
Revenues amounted to 15.765 million, down 17.9%, and Ebitda reached 3.881 million, up 15.7%. All professions had a positive contribution. Both those operating on the liberalized market (Production and Marketing, which total 425 million with an annual increase of 20%) and on the regulated market (Distribution, with an increase of 7% after contributing 102 million more than in 2023 ).
This positive behavior is fundamentally explained by the evolution of Ebitda, particularly in the gas activity, which has recovered from the complex market situation experienced in 2023.
The group’s investments amount to 1.3 billion. Endesa has 10,100 megawatts (MW) of renewable energy – hydroelectric, solar and wind – operational on the peninsula, 800 MW more compared to the end of September 2023.
Naturgy earns 1.580 million
For its part, Naturgy earned 1.580 million until September, with an Ebitda of 4.292 million, according to the update of the main activity figures that it communicated this Wednesday. The company will finally present its new strategic plan in February 2025, as well as its 2024 results.
With these September figures, the group chaired by Francisco Reynés confirmed its expectations for the entire current year, higher than the market consensus, and that they would exceed 5.3 billion Ebitda and 1.8 billion net profit.
In 2023, the company, the first gas company and third electricity company in Spain, achieved a record net profit of 1,986 million and an Ebitda of 5,475 million.
The energy company, which stopped publishing its quarterly results to stick to half-year results, advanced these figures in an energy context which continues to be marked by a sharp drop in energy prices both in Spain and ‘internationally.
“These results demonstrate Naturgy’s ability to adapt to the market. The company continued to make strong and determined progress in its transformation to solve the energy trilemma,” Reynés said in a statement.
