Red Eléctrica Corporation, S.A. ADR (RE2)

Overview

Redeia Corporación, S.A., originally known as Red Eléctrica Corporación, S.A., is a pivotal entity in the electricity sector, not only within Spain but also on an international scale. Founded in 1985 and headquartered in Alcobendas, Spain, the company underwent a name change in June 2023 to better reflect its broadened scope and commitment towards advanced infrastructure management. Redeia Corporación specializes in the transmission of electricity, alongside the management and operation of the transmission network, ensuring the seamless flow of power. The organization operates across three distinct segments: Management and Operation of National Electricity Infrastructure, Management and Operation of International Electricity Infrastructure, and Telecommunications, which includes satellites and fibre optic technology. With an extensive transmission network that spans approximately 45,141 kilometres and a substantial transformation capacity of 94,981 MVA, Redeia Corporación stands as a cornerstone in the facilitation of energy and information distribution.

Products and Services

• Management and Operation of National and International Electricity Infrastructure

  This service involves the comprehensive management and operation of electricity transmission networks, both within Spain and internationally. Redeia Corporación ensures the efficient and reliable distribution of electricity across a vast network, emphasizing the importance of sustainable and secure energy transmission.

• Telecommunications (Satellites and Fibre Optic)

  Expanding beyond traditional energy services, Redeia Corporación offers advanced telecommunications solutions. This includes the operation of satellite communications systems and the provision of space segment services for geostationary orbital slots. In addition, the company leverages fibre optic technology to enhance its telecommunications offerings, selling and leasing satellites, and spatial capacity to meet diverse needs.

• Advisory, Engineering, and Construction Services

  With a wealth of expertise in the energy sector, Redeia Corporación provides specialized services such as advisory, engineering, and construction. These services are critical in the design, development, and execution of energy infrastructure projects, including energy storage facilities and water cycle management initiatives.

• Additional Services

  Beyond its core operations, Redeia Corporación offers a suite of services aimed at supporting the energy sector's broader needs. This includes financing, reinsurance, maintenance of lines and substations, technical consultancy, and satellite telecommunications services. The company’s approach to integrated service provision underlines its role as a multifaceted entity within the energy and telecommunications landscape.