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Red Eléctrica Corporación, S.A. engages in the electricity transmission, and system operation and management of the transmission network for the electricity system in Spain and internationally. Its transmission network comprises approximately 44,687 kilometers; and has 93,871 MVA of transformation capacity. The company also provides advisory, engineering, and construction services; telecommunications infrastructure services to telecommunications operators comprising leasing of dark fiber; and line and sub-station maintenance services. In addition, it manages and constructs energy storage facilities and the water cycle; operates satellite communications system and offers space segment services for the geostationary orbital slots; sells and leases satellites and spatial capacity; and offers technical consultancy and satellite telecommunications services. The company was incorporated in 1985 and is based in Alcobendas, Spain.
The company was created in 1985 by the State-owned holding company Instituto Nacional de Industria to provide a unified national power grid. Up to 20% of Red Eléctrica is controlled by the state-owned holding company Sociedad Estatal de Participaciones Industriales , with the remainder being free float on the Bolsa de Madrid.
Red Eléctrica de España's mission is to guarantee the availability, quality and price of electrical power in Spain by adhering to security and accessibility standards, through innovation and a commitment to sustainability.
Red Eléctrica de España's vision is to become the primary leader in the Electricity sector by ensuring an efficient, safe and sustainable infrastructure.
