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Strategic Plan 2026-2029
A new scenario to leap into the future.
A new scenario to leap into the future. A historic investment to develop the future planning of the transmission grid and contribute to the country's economic and social progress and its territorial cohesion. Electricity grids are becoming enablers of the energy transition, the advancement of which also requires incorporating technology, digitalization, and new capabilities for increasingly complex system operation, where security of supply will remain the priority.
To achieve this, we have the best organizational framework: the TSO model, which originated in Spain with Red Eléctrica 41 years ago and has been adopted by all European countries for being the most effective in management, the safest in operation, and the most efficient in investment.
We are ready.
Strategic Plan - Presentation
A presentation was held on 26 February.
Redeia has presented the most ambitious investment cycle in its history to implement the next Electricity Plan in Spain. The group is rolling out a new Strategic Plan with a 2029 horizon, which will increase the average annual investment in Red Eléctrica by 70% compared to its previous plan.
This increase in the company's management and investment capacity, together with the planned improvements in the permitting procedure, will ensure that all new planning currently under development is either operational or underway by 2031. This includes €11.1 billion in commissioned assets (85% of the plan) and €2 billion under construction.
€6 billion in investment for the national TSO
Redeia is committing a total investment of 6.5 billion euros in the period 2026-2029, of which 6 billion are allocated to Red Eléctrica, the national TSO, thus reaching historic levels with an average annual investment of 1.5 billion euros, a figure 70% higher than the average annual investment of the previous strategic plan.
As part of its strategic path until 2029, the group will consolidate its activity in electricity transmission in Latin America and in the field of telecommunications. In the first case, it will roll out an investment plan worth around €150 million, focused on strengthening and expanding the transmission grids in Brazil, Chile and Peru through its subsidiary Redinter.
On the other hand, the strategy also focuses on Reintel's activity as the largest dark fibre optic operator in Spain. It proposes an investment of €110 million to expand its grid capacity and meet the growing demand for high-quality connectivity, with the ultimate aim of helping to bridge the digital divide.
Our technology platform, Elewit, will focus its activity on boosting the group's efficiency, but especially the national TSO, through technological innovation and digitalization with investments in the area of 40 million euros.
