Iberdrola’s activity creates an impact of 873 million in the Community of Valencia

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The activity of Iberdrola creates an economic impact. 873 million in euros Valencian Community, According to the information given by the company on the occasion of the general assembly meeting held this Friday.

In this way, the power company encrypts 345 million euro financial impact last year, the autonomous enterprises, which were carried out differently, investments for the amount 244 million from the euro.

To these amounts should be added the following: 182 million euros in acquisitions and contracts which rewarded 430 providers The company is also located in the region where it directly employs 1,500 workers.

Investments in Castalla and La Vila

As for the forecasts for the coming years, the distribution subsidiary of the group, SDIplans to invest 477 million euros in smart networks In the Community of Valencia between 2022 and 2024 decarbonising the economy, according to the firm. Thus, the transformation of these networks will facilitate greater integration of renewable energies, the development of sustainable mobility, smart cities and self-consumption as explained, in addition to the economic support they represent in the areas where the study is conducted. by the firm.. It also provides the consumer with greater decision-making capacity and connectivity.

Among the main actions planned for this period, New substations in Castalla, Vila JoiosaExpansion of the conversion facilities in Monserrat, Sanxo Llop (Gandia), Boveral (Vinaròs) and Peñíscola, as well as in Alcúdia, Betxí and Rambleta (la Vall d’Uixó), renewal of infrastructure and expansion of capacity. burrian

In recent years, i-DE has Digitization of electricity networks within the Community, It is the place where it has transformed more than 3.5 million meters and the infrastructure that supports them into smart meters that also incorporate remote management, control and automation capabilities. i-DE manages more than 68,000 kilometers of low and medium voltage lines and more than 3,400 kilometers of high and very high voltage lines in the region. Likewise, there are 25,000 conversion centers and 177 primary and secondary substations in service.

Renewable energy

On the other hand, Iberdrola plans to accelerate its investments in deployment. renewable projects, electricity mobility and self-consumption to accelerate the energy transition. The company manages more in the region 2,000 megawatts (MW) Installed renewable energy, mostly hydroelectric, is where the La Muela pumping station, Europe’s largest energy storage facility, stands out.

The company plans to increase its renewable presence. three photovoltaic projects It will represent a power of 450 MW and will require more than 100 investments 230 millionIt will create 1,500 jobs during its construction.

In addition, it works to provide solutions suitable for their characteristics in different sectors such as transportation, air conditioning and industry. Thus, the project he carried out with Volkswagen to provide renewable energy, battery factory that the automaker will build in Sagunto. The agreement will include investments of 500 million euros to meet the energy demand of the facility, which will come in part from self-consumption.

The firm is also a green hydrogen racer plans to build two hydroelectric power stations in Alicante and Valencia to move towards a more sustainable heavy-duty transport.

in the section electric Mobility, Iberdrola continues the installation and launch of 100% green energy-powered charging points from renewable generation sources, where it already has more than 600 public access points in the Community, all operating in the Iberdrola Public Recharge. Mobile application where you can geolocate, book and pay. In addition, the company signed an agreement with Marcos Group that will allow it to continue to increase the number of charging stations in the region and offer charging solutions to new EV users.

Among the main facilities commissioned, it is worth highlighting Southern Europe’s largest ultra-fast charging hub located in Elcheit will also allow coverage of the Community’s main communication channel, as well as the new station already active in Ondara, to which the Alberic (Valencia) and les Alqueries (Castellón) facilities will be added.

participation board

On the other hand, the electricity company is developing a more participatory, accessible, sustainable and innovative board concept this year. In this regard, Iberdrola recommends that shareholders and their representatives attend the Meeting electronically or remotely before the Meeting to protect their health, promote sustainability and avoid inconvenience caused by measures that may be taken by the authorities. To encourage participation, the company has set up a service point in Valencia. Westin Hotel, shareholders will have uninterrupted access until Thursday, June 16, from 10:00 to 19:00. In it you can give a gift for participation, vote and collect a gift, and to avoid the digital divide, Iberdrola always has people to serve its shareholders.

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