Company Research Report: ACCIONA Energía
Company Overview
Name: ACCIONA Energía
Mission: Dedicated to operating exclusively in renewable energies, ACCIONA aims to lead in decarbonization by providing advanced solutions for reducing carbon footprints and promoting sustainable development.
Founded and By Whom: ACCIONA acquired Energía Hidroeléctrica de Navarra, S.A. (EHN) founded in 1989, in 2004 to form the core of its Energy Division.
Key People: No specific information is available.
Headquarters: No specific information is available.
Number of Employees: Over two thousand professionals from 46 different nationalities.
Revenue: Revenue of €3,547 million in 2023.
Recognition: Known as the largest global energy operator exclusively in renewable energy technologies.
Products
Renewable Energy Technologies
1. Wind Power: ACCIONA Energía is a leader in the development, construction, operation, and maintenance of wind energy facilities.
- Key Features: Installation of some of the world’s largest wind farms; emphasis on sustainable energy production.
2. Photovoltaic Solar Energy: The company constructs significant solar plants even in extreme environments.
- Key Features: Installation and operation of large-scale solar plants like Puerto Libertad (405 MWp).
3. Hydroelectric Power: Historically significant and essential for managing renewable systems.
- Key Features: Integration in renewable systems to balance energy output.
4. Biomass Energy: Expertise in engineering, operation, and logistics of biomass power plants.
- Key Features: Resource utilization and waste management for energy production.
5. Thermal Solar (CSP): Rejuvenation of thermal solar technology in the USA since 2007.
- Key Features: Operations that symbolize the potential for thermal solar energy.
6. Energy Storage: Key element in ensuring a fully renewable energy system.
- Key Features: Advanced storage solutions to balance and secure energy supply.
Solutions
1. Renewable Energy Supply: Provides 100% renewable energy solutions on five continents.
2. Energy Efficiency: Collaborates with organizations to decarbonize and reduce consumption.
3. Self-Consumption: Offers solutions that bring energy production closer to consumption points.
4. Green Hydrogen: Pioneers in the application of green hydrogen across the value chain.
5. Electric Mobility: Develops advanced solutions for decarbonizing mobility needs.
Recent Developments
The Latest Innovations and Expansion:
1. Acquisition in the U.S.: Acquired two new wind farms in Texas, totaling 300 MW, increasing installed capacity and generating 1.1 TWh per year. [November 5, 2024]
2. Forty Mile Wind Farm in Canada: Commenced powering Alberta's grid, projecting 280 MW capacity upon completion, benefiting over 85,000 homes. [October 30, 2024]
3. Biomass Slag Reuse with Vidrala: Utilized 230 tons of biomass slag to manufacture 18.3 million glass bottles, showcasing industrial symbiosis and circular economy. [October 22, 2024]
4. Hybrid Renewable Energy Facility: Completed a wind-solar hybrid plant in Cuenca, Spain, integrating photovoltaic and existing wind resources for an optimized energy blend. [October 1, 2024]
Strategic Partnerships and Projects:
- Green Hydrogen Initiatives: Acciona launched Southern Europe's largest green hydrogen ecosystem in Mallorca in collaboration with Enagás and others, targeting renewable hydrogen production.
- Innovative Energy Projects: Advanced projects such as Sierra Brava floating photovoltaic plant and Power to Green Hydrogen Mallorca signify ACCIONA's leadership in renewable innovations and decarbonized solutions.
Summary
ACCIONA Energía proves to be a progressive leader in renewable energy, emphasizing sustainability, innovation, and comprehensive energy solutions. The company's focus on integrating new technologies and forging strategic global expansions underscores its commitment to transforming the energy landscape whilst fostering economic and environmental benefits.
