Redeia Corporacion SA

Latest Results (25.10.2025):

In the first half of 2025, Redeia Corporacion SA navigated significant operational challenges and regulatory changes while continuing to invest in its transmission system operations. The company successfully managed a severe electricity outage, enhanced its investment portfolio, and advanced strategic divestitures, reflecting its commitment to resilience and growth.

Severe Electricity Incident

On April 28th, 2025, Redeia Corporacion SA, primarily through its subsidiary Red Electrica, effectively responded to a major electricity supply loss in the Iberian Peninsula. The swift restoration efforts minimized disruptions, and subsequent reports highlighted the multifactorial causes of the incident, emphasizing preventative measures for the future.

Regulatory Developments

Redeia navigated several key regulatory changes, including the resolution of CNMC regarding electricity transmission tariffs and the approval of Royal Decree 534/2025. These developments support strategic decarbonization projects with significant subsidies and adjustments to financial remuneration rates for transmission activities, aimed at enhancing the resilience and efficiency of the electricity grid.

TSO Investment Growth

The company increased its investment in transmission system operations (TSO) by 33.9%, reaching €564.2 million in the first half of 2025. Notable projects include the Spain-France interconnection, enhancements to the mainland-Balearic Islands link, and strengthening international connections with Portugal, all contributing to a more robust and sustainable electricity network.

Strategic Divestiture

Redeia completed the sale of its 89.68% stake in Hispasat S.A. to Orbitude, S.L.U., a move that aligns with the company's strategic focus. This transaction ensures that Hispasat's financials do not impact Redeia's income statement, streamlining the company's financial structure for future growth.