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Current trends in the energy sector – the energy transition, decarbonization and electrification of the economy, technological innovation and greater customer connectivity – reinforce the focus of these three global businesses.

This commitment will enable the group to give a major boost to offshore wind technology – which will reach 4 GW installed in 2025 -, grow in solar photovoltaic – which will reach 16 GW installed in 2025 – and reinforce its leadership in onshore wind and hydroelectric – with 26 GW and 14 GW installed in 2025 respectively.

Forty percent of the group’s organic investment for the 2020-2025 period (more than 27 billion euros) will be allocated to the Networks area, which will enable it to increase its regulated asset base to 47 billion euros by the end of the period, 1.5 times its current value, 83% of which will be in countries with an A rating.

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Electric power

The Association of Renewable Energy Companies, APPA Renovables, warned that the Royal Decree approved by the Government to lower the price of electricity, with its current wording, could lead to the paralysis of those facilities with price hedges and private contracts for the purchase and sale of energy.

“This paralysis of renewable projects, which would be carried out in order to avoid incurring significant losses, would lead to a lower supply and, therefore, a foreseeable additional increase in the electricity pool as a direct consequence,” the Association said.

The impact that the rule will have on numerous wind and photovoltaic projects with price hedges and power purchase agreements (PPAs) will cause the owners or contract counterparties to lose money with each MWh injected into the grid, it has warned.

RENEWABLE ENERGIES, NECESSITY OR BUSINESS

After two energy auctions, and a third to come, which are opening space for solar and wind power plants in the generation matrix of the National Interconnected System (SIN), more than 90% of the business of non-conventional renewable sources in the country is in the hands of six companies. (Read: Urrá enters the renewable wave with floating solar plant project)Thus, the market map for clean electricity production in the national territory is practically being managed by Isagen, AES Colombia, Celsia, EPM Group, Enel Bogotá Region and EDP Renewable.(Read: With 50 works, the Caribbean coast rules in energy and mining).

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After two energy auctions, and a third to come, which are opening space for solar and wind power plants in the generation matrix of the National Interconnected System (SIN), more than 90% of the business of non-conventional renewable sources in the country is in the hands of six companies. (Read: Urrá enters the renewable wave with floating solar plant project)Thus, the market map for clean electricity production in the national territory is practically being managed by Isagen, AES Colombia, Celsia, EPM Group, Enel Bogotá Region and EDP Renewable.(Read: With 50 works, the Caribbean coast rules in energy and mining).

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