ENDESA, S.A. UK Regulatory Announcement: 3rd Quarter Results
MADRID–(BUSINESS WIRE)–
ENDESA, S.A. and Subsidiaries
Consolidated Management Report for the nine-month period ended 30 September 2021
(Translation from the original issued in Spanish. In the event of discrepancy, the Spanish-language version prevails)
Madrid, 3 November 2021
Contents.
1. Most significant figures……………………………………………………3
2. Basis of presentation of the Consolidated Financial Statements………………………….3
3. Reference scenario………………………………………………………4
3.1. Performance of the main market indicators……………………………………4
3.2. Electricity and gas market……………………………………………….5
4. Significant events in the period……………………………………………….6
4.1. Consolidation scope…………………………………………………..6
4.2. COVID-19 Health Crisis………………………………………………..7
5. Performance of ENDESA’s operations and results in the period January-September 2021…………8
5.1. Operating performance………………………………………………..8
5.2. Analysis of results…………………………………………………..11
6. Equity and financial analysis……………………………………………….20
6.1. Net invested capital and financing…………………………………………20
6.2. Financial management………………………………………………..20
6.3. Capital management………………………………………………….23
6.4. Management of credit ratings……………………………………………24
6.5. Cash flows………………………………………………………..24
6.6. Investments………………………………………………………..28
7. Earnings by segment…………………………………………………….29
7.1. Generation and supply…………………………………………………30
7.2. Distribution………………………………………………………..31
7.3. Structure and Others………………………………………………….31
8. Regulatory Framework……………………………………………………32
9. Other Information……………………………………………………….38
9.1. Stock market information……………………………………………….38
9.2. Dividends…………………………………………………………39
9.3. Main risks and uncertainties…………………………………………….40
APPENDIX I – Alternative Performance Measures (APMs)………………………………41
APPENDIX II – Consolidated Financial Statements for the nine-month period ended 30 September 2021…45
(Translation from the original issued in Spanish. In the event of discrepancy, the Spanish-language version prevails)
ENDESA, S.A. AND SUBSIDIARIES
CONSOLIDATED MANAGEMENT REPORT FOR THE
NINE-MONTH PERIOD ENDED
30 SEPTEMBER 2021
1. Most significant figures.
Main figures | SDGs (1) | Unit | January – September | January – September | % Var. |
Revenue |
| €M | 18,603 | 12,959 | 43.6 |
Gross Operating Income (EBITDA) (2) |
| €M | 3,125 | 3,136 | (0.4) |
Net income |
| €M | 1,459 | 1,511 | (3.4) |
Net ordinary income (2) |
| €M | 1,459 | 1,700 | (14.2) |
Net financial debt (2) |
| €M | 10,000 (3) | 6,899 (4) | 44.9 |
Cash flows from operating activities |
| €M | 862 | 1,969 | (56.2) |
Gross investments in property, plant and equipment and intangible assets |
| €M | 1,394 | 1,161 | 20.1 |
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Net installed capacity |
| MW | 21,660 (3) | 21,652 (4) | 0.0 |
Net installed mainland renewable capacity | 7 | MW | 7,713 (3) | 7,719 (4) | (0.1) |
Net installed mainland renewable capacity | 7 | % | 45 (3) | 45 (4) | – |
Additional installed renewable capacity | 7 | MW | 86 (3) | 391 (4) | (78.0) |
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Electricity generation (5) |
| GWh | 42,581 | 42,150 | 1.0 |
Generation of renewable electricity | 7 | GWh | 9,523 | 9,943 | (4.2) |
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Distribution and transmission networks | 9 | Km | 316,092 (3) | 315,365 (4) | 0.2 |
Energy distributed (6) | 9 | GWh | 98,601 | 93,206 | 5.8 |
End users (7) |
| Thousands | 12,337 (3) | 12,291 (4) | 0.4 |
Digitalised customers Ratio (8) | 9 | % | 100.0 (3) | 100.0 (4) | – |
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Net electricity sales (9) |
| GWh | 60,124 | 60,585 | (0.8) |
Number of customers (electricity) (10) (11) |
| Thousands | 10,173 (3) | 10,420 (4) | (2.4) |
Deregulated market (12) |
| Thousands | 5,623 (3) | 5,690 (4) | (1.2) |
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Public and private electricity charging stations | 11 | Units | 8,442 (3) | 7,072 (4) | 19.4 |
Final headcount |
| No. of employees | 9,266 (3) | 9,591 (4) | (3.4) |
€M = millions of euros. (5) At power plant busbars. |
2. Basis of presentation of the Consolidated Financial Statements.
ENDESA’s Consolidated Financial Statements for the nine-month period ended 30 September 2021 were prepared in accordance with the International Financial Reporting Standards (“IFRSs”) and the interpretations of the IFRS Interpretations Committee (“IFRIC”), as adopted by the European Union at the reporting date, pursuant to Regulation (EC) 1606/2002, of 19 July, of the European Parliament and of the Council and other provisions of the financial reporting regulatory framework applicable to ENDESA.
The accounting policies, bases of presentation and measurement bases used to prepare ENDESA’s Consolidated Financial Statements for the nine-month period ended 30 September 2021 are the same as those explained in Notes 2 and 3 to the Consolidated Financial Statements for the year ended 31 December 2020, except for the new International Financial Reporting Standards (IFRS) and IFRIC interpretations published in the Official Journal of the European Union, which were first applied by ENDESA in the Consolidated Financial Statements for the nine-month period ended 30 September 2021, following the going-concern principle by applying the cost method, with the exception of the items that, in accordance with the International Financial Reporting Standards (IFRS), are measured at fair value. Items in the Consolidated Income Statement are classified by cost type.
At the date of approval of this Consolidated Management Report, the modifications and reforms adopted by the European Union applicable to the years beginning on 1 January 2021 were as follows:
Standards, amendments and interpretations | Mandatory application: Years beginning on |
Amendments to IFRS 4 “Insurance Contracts” – Deferral of IFRS 9 “Financial Instruments”. | 1 January 2021 |
Interest Rate Benchmark Reform – Phase 2 – Amendments to IFRS 9 “Financial Instruments”, IAS 39 “Financial Instruments: Recognition and Measurement” and IFRS 7 “Financial Instruments: Disclosure Initiative”, IFRS 4 “Insurance Contracts” and IFRS 16 “Leases”. | 1 January 2021 |
Amendments to IFRS 16 “Leases” – COVID-19-Related Rent Concessions beyond 30 June 2021. | 1 April 2021 |
The adoption of the previous amendments and reforms did not have a significant impact on the Consolidated Financial Statements for the nine months ended 30 September 2021.
3. Reference scenario.
3.1. Performance of the main market indicators.
Market indicators | January – September 2021 | January – September 2020 | % Var. |
Arithmetic average price in the wholesale electricity market (€/MWh) (1) | 78.5 | 31.9 | 146.1 |
ICE Brent average price ($/bbl) (2) | 68.0 | 41.0 | 65.9 |
Average price of carbon dioxide (CO2) emission rights (€/t) (3) | 45.4 | 26.9 | 68.8 |
Average price of coal (€/MWh) (4) | 102.5 | 53.3 | 92.3 |
Average price of gas (€/MWh) (5) | 30.3 | 12.5 | 142.4 |
(1) Source: Iberian Energy Market Operator – Polo Español (OMIE). |
Year-end exchange rates (1) | 30 September 2021 | 31 December 2020 | Difference |
Closing exchange rate (Euro / US Dollar) | 1.1577 | 1.2270 | (0.0693) |
Closing exchange rate (Euro / Sterling Pound) | 0.8608 | 0.8980 | (0.0372) |
(1) Source: Thomson Reuters. |
Average exchange and interest rates | January – September 2021 | January – September 2020 | Difference |
Average exchange rate (Euro / US Dollar) (1) | 1.1961 | 1.1247 | 0.0714 |
6-month Euribor (period average) (2) | (0.52) | (0.32) | (0.20) |
(1) Source: Thomson Reuters. |
Percentage (%) | ||
Estimated annual inflation (1) | 30 September | 30 September |
Spain | 4.0 | (0.4) |
(1) Source: INE (Spanish Official Statistics Institute). |
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3.2. Electricity and gas market.
Electricity.
The changes in electricity demand at 30 September 2021 and 2020 are as follows:
Percentage (%) | ||||
Trends in electricity demand (1) | Without adjusting effects for working days and temperature | Adjusted for effects of working days | ||
January – September | January – September | January – September | January – September | |
Mainland | 3.4 | (6.1) | 3.5 | (6.4) |
Non-mainland Territories (TNP) | 4.2 | (14.3) | 5.5 | (26.2) |
(1) Source: Red Eléctrica de España, S.A. (REE). At power plant busbars. |
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In the period January-September 2021, accumulated mainland electricity demand adjusted for the effects of working days and temperature rose by 3.5%, (-6.4% in January-September 2020).
Accumulated electricity demand in Non-mainland Territories (TNP), adjusted for the effect of working days and temperature, ended the first nine months of 2021 with a 11.4% increase in the Balearic Islands and a 0.5% decrease in the Canary Islands (-20.4% and -10.2%, respectively, in January-September 2020).
At 30 September 2021 and 2020, mainland electricity demand in the territories in which ENDESA distributes electricity, was as follows:
Percentage (%) | ||
Changes in mainland electricity demand: ENDESA area (1) | January – September | January – September |
ENDESA | 2.2 | (5.2) |
Industrial | 1.4 | (7.3) |
Services | 7.5 | 2.7 |
Residential | (2.3) | (11.0) |
ENDESA adjusted for the effects of working days and temperature | 2.3 | (6.0) |
(1) Source: In-house. |
The period January-September 2021 was characterised by extraordinarily high prices, with the arithmetic average price in the wholesale electricity market standing at Euro 78.5/MWh (+146.1%), mainly, due to changes in the prices of commodities and carbon dioxide (CO2) emission rights.
The contribution of renewable energies to total cumulative mainland production in the period January-September 2021 was 50.0% (57.7% in the period January-September 2020).
At 30 September 2021, ENDESA held the following electricity market shares:
Percentage (%) | ||
Market share (electricity) (1) | 30 September | 31 December |
Mainland generation (2) | 17.7 | 18.0 |
Distribution | 42.8 | 42.9 |
Supply | 29.6 | 32.4 |
(1) Source: In-house. |
Gas.
The changes in gas demand at 30 September 2021 and 2020 were as follows:
Percentage (%) | ||
Trend in gas demand (1) | January – September | January – September |
Domestic Spanish market | 0.1 | (10.6) |
Domestic Spanish – conventional | 6.9 | (7.1) |
Electricity sector | (17.9) | (19.4) |
(1) Source: Enagás, S.A. |
During the period January-September 2021, conventional demand for gas increased by 6.6%.
At 30 September 2021, ENDESA had the following gas market share:
Percentage (%) | ||
Market share (gas) (1) | 30 September | 31 December |
Deregulated market | 14.9 | 14.3 |
(1) Source: In-house. |
4. Significant events in the period.
4.1. Consolidation scope.
In the period January-September 2021, the following transactions were carried out:
Companies | Transaction | Date | Activity | Stake at 30 September 2021 (%) | Stake at 31 December 2020 (%) | ||
Control | Economic | Control | Economic | ||||
Arena Power Solar 11, S.L.U. | Acquisition | 25 February 2021 | Photovoltaic | 100.00 | 100.00 | – | – |
Arena Power Solar 12, S.L.U. | Acquisition | 25 February 2021 | Photovoltaic | 100.00 | 100.00 | – | – |
Arena Power Solar 13, S.L.U. | Acquisition | 25 February 2021 | Photovoltaic | 100.00 | 100.00 | – | – |
Savanna Power Solar 4, S.L.U. | Acquisition | 25 February 2021 | Photovoltaic | 100.00 | 100.00 | – | – |
Savanna Power Solar 5, S.L.U. | Acquisition | 25 February 2021 | Photovoltaic | 100.00 | 100.00 | – | – |
Savanna Power Solar 6, S.L.U. | Acquisition | 25 February 2021 | Photovoltaic | 100.00 | 100.00 | – | – |
Arena Power Solar 33, S.L.U. | Acquisition | 15 March 2021 | Photovoltaic | 100.00 | 100.00 | – | – |
Arena Power Solar 34, S.L.U. | Acquisition | 15 March 2021 | Photovoltaic | 100.00 | 100.00 | – | – |
Arena Power Solar 35, S.L.U. | Acquisition | 15 March 2021 | Photovoltaic | 100.00 | 100.00 | – | – |
Savanna Power Solar 9, S.L.U. | Acquisition | 15 March 2021 | Photovoltaic | 100.00 | 100.00 | – | – |
Savanna Power Solar 10, S.L.U. | Acquisition | 15 March 2021 | Photovoltaic | 100.00 | 100.00 | – | – |
Energía Eólica Galerna, S.L.U. | Acquisition | 26 March 2021 | Wind | 100.00 | 100.00 | – | – |
Energía Eólica Gregal, S.L.U. | Acquisition | 26 March 2021 | Wind | 100.00 | 100.00 | – | – |
Energía Eólica Abrego, S.L.U. | Acquisition | 17 May 2021 | Wind | 100.00 | 100.00 | – | – |
Energía Base Natural, S.L.U. | Acquisition | 17 May 2021 | Photovoltaic | 100.00 | 100.00 | – | – |
Energía y Naturaleza, S.L.U. | Acquisition | 17 May 2021 | Photovoltaic | 100.00 | 100.00 | – | – |
Empresa De Alumbrado Eléctrico De Ceuta, S.A. | Acquisition | 9 June 2021 | Supplier and distribution | 96.41 | 96.41 | 96.37 | 96.37 |
Ateca Renovables, S.L. (1) | Formed | 18 June 2021 | Photovoltaic | 50.00 | 50.00 | – | – |
Terrer Renovables, S.L. (1) | Formed | 18 June 2021 | Photovoltaic | 29.57 | 29.57 | – | – |
Planta Eólica Europea, S.A.U. (2) | Acquisition | 24 June 2021 | Wind | 100.00 | 100.00 | 56.12 | 56.12 |
Infraestructuras San Serván 220, S.L. (1) | Acquisition | 27 July 2021 | Photovoltaic | 30.80 | 30.80 | – | – |
FRV Corchitos I, S.L.U. | Acquisition | 27 July 2021 | Photovoltaic | 100.00 | 100.00 | – | – |
FRV Corchitos II Solar, S.L.U. | Acquisition | 27 July 2021 | Photovoltaic | 100.00 | 100.00 | – | – |
FRV Zamora Solar 1, S.L.U. | Acquisition | 27 July 2021 | Photovoltaic | 100.00 | 100.00 | – | – |
FRV Zamora Solar 3, S.L.U. | Acquisition | 27 July 2021 | Photovoltaic | 100.00 | 100.00 | – | – |
FRV Tarifa, S.L.U. | Acquisition | 27 July 2021 | Photovoltaic | 100.00 | 100.00 | – | – |
FRV Villalobillos S.L.U. | Acquisition | 27 July 2021 | Photovoltaic | 100.00 | 100.00 | – | – |
FRV Gibalbin -Jerez, S.L.U. | Acquisition | 27 July 2021 | Photovoltaic | 100.00 | 100.00 | – | – |
FRV Puerto Santa María Energía I, S.L.U. | Acquisition | 27 July 2021 | Photovoltaic | 100.00 | 100.00 | – | – |
FRV Puerto Santa María Energía II, S.L.U. | Acquisition | 27 July 2021 | Photovoltaic | 100.00 | 100.00 | – | – |
Savanna Power Solar 13, S.L.U. | Acquisition | 29 July 2021 | Photovoltaic | 100.00 | 100.00 | – | – |
Savanna Power Solar 12, S.L.U. | Acquisition | 29 July 2021 | Photovoltaic | 100.00 | 100.00 | – | – |
Arena Power Solar 20, S.L.U. | Acquisition | 29 July 2021 | Photovoltaic | 100.00 | 100.00 | – | – |
- Companies included in the Consolidated Financial Statements by the equity method for a total amount of Euro 1 million
- This transaction had an impact of Euro 1 million on equity.
Corporate operations in the renewable energy business.
In the period January-September 2021, the main corporate operations formalised correspond to the renewables business.
The total transaction price was Euro 104 million, of which Euro 29 million were still payable at 30 September 2021, subject to compliance with certain contractual clauses (see section 6.5. Statement of Cash Flows of this Consolidated Management Report).
Of the total amount, Euro 87 million related to the price of the shareholding in those companies and Euro 17 million to the subordinated debt that the acquired companies assumed with their former shareholders.
The acquisition of these companies led to an accounting entry of Euro 85 million under “Intangible assets” in the Consolidated Statement of Financial Position, relating almost in full to the value of the licences to develop photovoltaic plant projects.
The companies are currently applying for permits and licences to carry out their projects and/or are in the construction phase. Therefore, exploitation has not yet started on the renewable energy facilities, and no ordinary revenue has been generated.
ENDESA’s objective with this acquisition of wind farms and photovoltaic plants under development will be to reinforce its presence in the Iberian generation market by extending the renewable asset portfolio in its production “mix”.
4.2. COVID-19 Health Crisis.
Information relating to the main impacts for ENDESA with respect to the COVID-19 Health Crisis are described in Note 2.2.1 to the Consolidated Financial Statements for the year ended 31 December 2020.
ENDESA is constantly monitoring the evolution of the COVID-19 pandemic, together with the changes in macroeconomic, financial and trade variables, as well as the regulatory measures in force, to update the estimate of the possible effects on the Consolidated Financial Statements, in line with the recommendations of the European Securities and Markets Authority (ESMA) and the Spanish Securities Market Commission (“CNMV”). These effects are detailed below in the following sections of this Consolidated Management Report:
Matters | Sections | Contents |
Derivatives and hedge transactions | 5.2.1 | Compliance with the criteria established by the regulations to apply hedges. |
Credit risk | 5.2.2 | Impact of the health crisis. |
Income tax | 5.2.6 | Recovery of deferred tax assets. |
Leases | 6.2 | Effect of the health crisis on the lease arrangements signed. |
Financial debt | 6.2 | Refinancing of financial debt. |
Liquidity risk | 6.2 | Financial transactions arranged. |
Investments | 6.6 | Impact of the health crisis on the implementation of the investment plan. |
Taken together, the effects of the health crisis in the period January-September 2021 did not have a significant impact on gross operating income (EBITDA) or operating income (EBIT) (negative impact of Euro 81 million and Euro 104 million, respectively, in the period January-September 2020, in addition to the costs accruing from the Public Accountability Plan, in the amount of Euro 17 million).
5. Performance of ENDESA’s operations and results in the period January-September 2021.
5.1. Operating performance.
Operating figures | SDGs (1) | Unit | January – September 2021 | January – September 2020 | % Var. |
Electricity generation (2) |
| GWh | 42,581 | 42,150 | 1.0 |
Generation of renewable electricity | 7 | GWh | 9,523 | 9,943 | (4.2) |
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Gross installed capacity |
| MW | 22,474 (3) | 22,465 (4) | 0.0 |
Net installed capacity |
| MW | 21,660 (3) | 21,652 (4) | 0.0 |
Net installed mainland renewable capacity | 7 | MW | 7,7138 (3) | 7,719 (4) | (0.1) |
Net installed mainland renewable capacity | 7 | % | 45 (3) | 45 (4) | – |
Additional installed renewable capacity | 7 | MW | 86 (3) | 391 (4) | (78.0) |
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Energy distributed (5) | 9 | GWh | 98,601 | 93,206 | 5.8 |
Digitalised customers (6) | 9 | Thousands | 12,460 (3) | 12,389 (4) | 0.6 |
Distribution and transmission networks | 9 | km | 316,092 (3) | 315,365 (4) | 0.2 |
End users (7) |
| Thousands | 12,337 (3) | 12,291 (4) | 0.4 |
Digitalised customers Ratio (8) |
| (%) | 100.0 (3) | 100.0 (4) | – |
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Gross electricity sales (2) |
| GWh | 66,348 | 66,414 | (0.1) |
Net electricity sales (9) |
| GWh | 60,124 | 60,585 | (0.8) |
Gas sales (10) |
| GWh | 58,270 | 48,762 | 19.5 |
Number of customers (electricity) (11) (12) |
| Thousands | 10,173 (3) | 10,420 (4) | (2.4) |
Deregulated market (13) |
| Thousands | 5,623 (3) | 5,690 (4) | (1.2) |
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Public and private electricity charging stations | 11 | Units | 8,442 (3) | 7,072 (4) | 19.4 |
Public lighting points | 11 | Units | 101 (3) | 100 (4) | 1.0 |
Final headcount |
| No. of employees | 9,266 (3) | 9,591 (4) | (3.4) |
Average headcount |
| No. of employees | 9,304 | 9,772 | (4.8) |
(1) Sustainable Development Goals. (2) At power plant busbars. |
Electricity generation.
ENDESA’s electricity production in the period January-September 2021 was 42,581 GWh, up 1.0% on the same period of the previous year, as follows:
GWh | |||
Electricity Generation (1) | January – September | January – September | % Var. |
Mainland | 34,495 | 34,560 | (0.2) |
Renewable energy plants | 9,523 | 9,943 | (4.2) |
Hydroelectric | 4,864 | 6,042 | (19.5) |
Wind (2) | 3,853 | 3,481 | 10.7 |
Photovoltaic (3) | 805 | 420 | 91.7 |
Rest | 1 | – | N/A |
Nuclear power | 19,895 | 19,523 | 1.9 |
Coal | 415 | 975 | (57.4) |
Combined cycle (CCGT) | 4,662 | 4,119 | 13.2 |
Non-mainland Territories (TNP) | 8,086 | 7,590 | 6.5 |
Coal | 47 | 55 | (14.5) |
Fuel-gas | 2,965 | 3,184 | (6.9) |
Combined cycle (CCGT) | 5,074 | 4,351 | 16.6 |
TOTAL | 42,581 | 42,150 | 1.0 |
(1) At power plant busbars. |
Non-emitting renewable and nuclear technologies accounted for 85.3% of ENDESA’s mainland generation mix in the period January-September 2021, compared with 85.5% for the rest of the sector (85.3% and 79.9%, respectively, in the period January-September 2020).
Gross and net installed capacity.
ENDESA’s gross and net installed capacity at 30 September 2021 was 22,474 MW and 21,660 MW, respectively, as detailed below:
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Gross installed capacity | 30 September 2021 | 31 December 2020 | % Var. | ||
MW | Percentage (%) | MW | Percentage (%) | ||
Mainland | 17,738 | 78.9 | 17,729 | 78.9 | 0.1 |
Renewable energy plants (1) (2) | 7,834 | 34.9 | 7,825 | 34.8 | 0.1 |
Hydroelectric | 4,787 | 21.3 | 4,793 | 21.3 | (0.1) |
Wind (3) | 2,422 | 10.8 | 2,423 | 10.8 | (0.0) |
Photovoltaic (4) | 625 | 2.8 | 609 | 2.7 | 2.6 |
Nuclear power | 3,453 | 15.4 | 3,453 | 15.4 | – |
Coal | 2,627 | 11.6 | 2,627 | 11.7 | – |
Combined cycle (CCGT) | 3,824 | 17.0 | 3,824 | 17.0 | – |
Non-mainland Territories (TNP) | 4,736 | 21.1 | 4,736 | 21.1 | – |
Coal | 260 | 1.2 | 260 | 1.2 | – |
Fuel-gas | 2,619 | 11.7 | 2,619 | 11.7 | – |
Combined cycle (CCGT) | 1,857 | 8.2 | 1,857 | 8.3 | – |
TOTAL | 22,474 | 100.0 | 22,465 | 100.0 | 0.0 |
(1) At 30 September 2021 and 31 December 2020, the additional capacity was 15 MW and 391 MW, respectively. |
Net installed capacity | 30 September 2021 | 31 December 2020 | % Var. | ||
MW | Percentage (%) | MW | Percentage (%) | ||
Mainland | 17,397 | 80.3 | 17,388 | 80.3 | 0.1 |
Renewable energy plants (1) (2) | 7,790 | 36.0 | 7,781 | 35.9 | 0.1 |
Hydroelectric | 4,743 | 21.9 | 4,749 | 21.9 | (0.1) |
Wind (3) | 2,422 | 11.2 | 2,423 | 11.2 | (0.0) |
Photovoltaic (4) | 625 | 2.9 | 609 | 2.8 | 2.6 |
Nuclear power | 3,328 | 15.4 | 3,328 | 15.4 | – |
Coal | 2,523 | 11.6 | 2,523 | 11.7 | – |
Combined cycle (CCGT) | 3,756 | 17.3 | 3,756 | 17.3 | – |
Non-mainland Territories (TNP) | 4,263 | 19.7 | 4,264 | 19.7 | (0.0) |
Coal | 241 | 1.1 | 241 | 1.1 | – |
Fuel-gas | 2,334 | 10.8 | 2,334 | 10.8 | – |
Combined cycle (CCGT) | 1,688 | 7.8 | 1,689 | 7.8 | (0.1) |
TOTAL | 21,660 | 100.0 | 21,652 | 100.0 | 0.0 |
(1) At 30 September 2021 and 31 December 2020, the additional capacity was 15 MW and 391 MW, respectively. |
Contacts
ENDESA, S.A.