Endesa, S.A. is the largest
electricElectric-power transmission is the bulk transfer of electrical energy, from generating power plants to Electrical substations located near demand centers...
utilityA public utility is an organization that maintains the infrastructure for a public service . Public utilities are subject to forms of public control and regulation ranging from local community-based groups to state-wide government monopolies...
company in
SpainSpain , officially the Kingdom of Spain languages]] under the European Charter for Regional or Minority Languages. In each of these, Spain's official name is as follows:;;;;;;), is a country and member state of the European Union located in southwestern Europe on the Iberian Peninsula...
. The firm, a majority-owned subsidiary of the
ItalianItaly , officially the Italian Republic languages]] under the European Charter for Regional or Minority Languages. In each of these, Italy's official name is as follows:;;;;;;;;), is a unitary parliamentary republic in South-Central Europe. To the north it borders France, Switzerland, Austria and...
utility company
EnelEnel may refer to:*Enel SpA, an Italian electricity company*Enel , a fictional villain in the One Piece manga and anime series*Enel, meaning third in the fiction of J. R. R. Tolkien, cf. Awakening of the Elves...
, has 10 million customers in Spain, with domestic annual generation of over 97,600 GWh from
nuclearNuclear power is the use of sustained nuclear fission to generate heat and electricity. Nuclear power plants provide about 6% of the world's energy and 13–14% of the world's electricity, with the U.S., France, and Japan together accounting for about 50% of nuclear generated electricity...
,
fossil-fueledFossil fuels are fuels formed by natural processes such as anaerobic decomposition of buried dead organisms. The age of the organisms and their resulting fossil fuels is typically millions of years, and sometimes exceeds 650 million years...
,
hydroelectricHydroelectricity is the term referring to electricity generated by hydropower; the production of electrical power through the use of the gravitational force of falling or flowing water. It is the most widely used form of renewable energy...
, and
renewable resourceRenewable energy is energy which comes from natural resources such as sunlight, wind, rain, tides, and geothermal heat, which are renewable . About 16% of global final energy consumption comes from renewables, with 10% coming from traditional biomass, which is mainly used for heating, and 3.4% from...
power plants. Internationally, it serves another 10 million customers and provides over 80,100 GWh annually. Total customers numbered 22.2 million as of December 31, 2004. It also markets
energyIn physics, energy is an indirectly observed quantity. It is often understood as the ability a physical system has to do work on other physical systems...
in
EuropeEurope is, by convention, one of the world's seven continents. Comprising the westernmost peninsula of Eurasia, Europe is generally 'divided' from Asia to its east by the watershed divides of the Ural and Caucasus Mountains, the Ural River, the Caspian and Black Seas, and the waterways connecting...
. The company has additional interests in Spanish
natural gasNatural gas is a naturally occurring gas mixture consisting primarily of methane, typically with 0–20% higher hydrocarbons . It is found associated with other hydrocarbon fuel, in coal beds, as methane clathrates, and is an important fuel source and a major feedstock for fertilizers.Most natural...
and
telecommunicationTelecommunication is the transmission of information over significant distances to communicate. In earlier times, telecommunications involved the use of visual signals, such as beacons, smoke signals, semaphore telegraphs, signal flags, and optical heliographs, or audio messages via coded...
s companies.
History
The company was formed in 1944 as
Empresa Nacional de Electricidad, S.A. and changed its name to
Endesa, S.A. in 1997. In September 2004, it took control of the French company
SNETSociété nationale d'électricité et de thermique is a french electricity generation and sales company.Heir of Charbonnages de France's thermal power stations, SNET have an installed potency of 2,4 GW...
(
Société nationale d'électricité et de thermique). This was followed by the downsizing of 30% of SNET's employees.
Takeover
In 2006 and 2007 Endesa was the target of takeover bids by
Gas NaturalGas Natural SDG, S.A., trading as Gas Natural Fenosa, is an energy company which operates primarily in Spain but also in such countries as Italy, Mexico, Colombia, Argentina, Puerto Rico and Morocco...
, Germany's
E.ONE.ON AG, marketed with an interpunct as E•ON, is the holding company of the world's largest investor-owned energy service provider based in Düsseldorf, Germany. The name comes from the Greek word aeon which means eternity....
and the Italian firm
EnelEnel may refer to:*Enel SpA, an Italian electricity company*Enel , a fictional villain in the One Piece manga and anime series*Enel, meaning third in the fiction of J. R. R. Tolkien, cf. Awakening of the Elves...
. Despite
BarcelonaBarcelona is the second largest city in Spain after Madrid, and the capital of Catalonia, with a population of 1,621,537 within its administrative limits on a land area of...
-based Gas Natural being half the size of Endesa, its bid was championed by the socialist government as an all-Spanish deal. The opposition
People's PartyThe People's Party is a conservative political party in Spain.The People's Party was a re-foundation in 1989 of the People's Alliance , a party led and founded by Manuel Fraga Iribarne, a former Minister of Tourism during Francisco Franco's dictatorship...
and some Madrid politicians had criticised the bid, alleging political interference by the socialists and a
CatalanCatalonia is an autonomous community in northeastern Spain, with the official status of a "nationality" of Spain. Catalonia comprises four provinces: Barcelona, Girona, Lleida, and Tarragona. Its capital and largest city is Barcelona. Catalonia covers an area of 32,114 km² and has an...
plot to control energy supply respectively. Gas Natural backed away from its bid after Germany's E.ON offered a higher bid for the company .
On 2 February 2007 E.ON offered €38.75 for each share of Endesa. The German firm withdrew its bid two months later in exchange for a promise from rival bidders to sell it part of the Spanish utility's assets.
SNETSociété nationale d'électricité et de thermique is a french electricity generation and sales company.Heir of Charbonnages de France's thermal power stations, SNET have an installed potency of 2,4 GW...
, Endesa Italia and Enel's Viesgo were amongst the business units ultimately sold off to E.ON.
AccionaAcciona, S.A., is a Spanish conglomerate group dedicated to civil engineering, construction and infrastructure.The company was founded in 1997 through the merger of Entrecanales y Tavora and Cubiertas y MZOV. The company's headquarters is in Alcobendas, Community of Madrid, Spain. The company's U.S...
and Enel succeeded in their joint bid to acquire Endesa in October 2007 for an estimated €42.5 billion and they announced later that month that they jointly held 92.06% of Endesa's share capital (25.01% Acciona and 67.05% Enel) as a result of their 100% takeover bid launched on Endesa, with the remaining 7.94% being free float.
The two companies initially jointly managed Endesa through an Acciona-controlled
holding companyA holding company is a company or firm that owns other companies' outstanding stock. It usually refers to a company which does not produce goods or services itself; rather, its purpose is to own shares of other companies. Holding companies allow the reduction of risk for the owners and can allow...
which held 50.01% of Endesa's share capital, but in February 2009 Enel agreed to buy out Acciona's stake, taking its total ownership to over 92%. Some Endesa assets will be sold off to Acciona as part of the deal.
Carbon intensity
| Year |
Production (TWh TWH or twh could refer to:*Tennessee Walking Horse, a breed of horse* Toronto Western Hospital, a hospital in Toronto, Canada* TWH Bus & Coach, a bus company in Romford, England* Terrawatt-hour, measure of electrical energy, 1012 watt-hours...
) |
Emission (Gt CO2) |
kg CO2/MWh |
| 2002 |
91 |
45.4 |
500 |
| 2003 |
94 |
44 |
470 |
| 2004 |
96 |
48.5 |
607 |
| 2005 |
94 |
50.3 |
538 |
| 2006 |
89 |
44.5 |
501 |
| 2007 |
91 |
45.5 |
500 |
| 2008 |
101 |
38.5 |
282 |
Electric vehicle
In Europe, Endesa is the only Spanish company involved in the ELVIRE (Electric Vehicle Communication to Infrastructure, Road Services and Electricity Supply) and G4V (Grid for Vehicles) consortia aimed at developing the necessary technology, solutions and services to enable ongoing interaction between drivers, their power suppliers and the smart grid.
The Chairman of
EndesaEndesa is the acronym of Empresa Nacional de Electricidad S.A.. Two electric utility companies in the world use this name:*Endesa *Endesa , a subsidiary of the former's Latin American investment arm Enersis...
, Borja Prado, together with the mayor of Madrid, Alberto Ruiz Gallardón, and the Chairman of
TelefónicaTelefónica, S.A. is a Spanish broadband and telecommunications provider in Europe and Latin America. Operating globally, it is the third largest provider in the world...
, César Alierta, have the phone booth in Madrid which can also be used for
recharging electric vehicleAn electric vehicle charging station, also called EV charging station, electric recharging point, charging point and EVSE , is an element in an infrastructure that supplies electric energy for the recharging of electric vehicles, plug-in hybrid electric-gasoline vehicles) or semi-static and mobile...
s. Reserved parking spaces will be located next to this and all other booths set up in Metropolitan areas where users will be able to park their EVs and recharge at no cost once they have obtained their free "zero emissions" pre-paid card from the Madrid city council.
See also
- Endesa Termic
Endesa Termic is a 356 metre high chimney belonging to the thermal power station held by Spanish utility Endesa at As Pontes de García Rodríguez in the outskirts of Ferrol in the province of A Coruña, north-western Spain...
located in As pontes de García Rodríguez in the outskirts of Ferrol has one of the tallest chimneys in EuropeEurope is, by convention, one of the world's seven continents. Comprising the westernmost peninsula of Eurasia, Europe is generally 'divided' from Asia to its east by the watershed divides of the Ural and Caucasus Mountains, the Ural River, the Caspian and Black Seas, and the waterways connecting...
built in 1974.
- Enel
Enel may refer to:*Enel SpA, an Italian electricity company*Enel , a fictional villain in the One Piece manga and anime series*Enel, meaning third in the fiction of J. R. R. Tolkien, cf. Awakening of the Elves...
- Endesa (Chile)
Endesa Chile is the largest electric utility company in Chile. It was created as a subsidiary of the state-owned CORFO in 1 December 1943 and was privatized in 1989. As of April 2009, it is owned by Enersis with a 60% stake, which in turn is 61% owned by Endesa International SA, a wholly owned...
External links