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Spain's Redeia increases power grid investments by 19%

By Reuters News

MADRID, Oct 28 (Reuters) - Spain's Redeia REDE.MC, which controls power grid operator Red Electrica (REE), increased investments in power networks by more than 19% in the first nine months of the year compared with the same period in 2025.

  • Power grid investments rose to €1.09 billion ($1.21 billion) from €915 million a year earlier.

  • Overall investments rose almost 18% to €1.14 billion.

  • Net profit grew 5.3% to €410.3 million.

  • Spain's electricity demand rose 3.3% in the first nine months of the year, reaching the equivalent of 198.3 terawatt-hours.

  • Renewable energy sources accounted for 57.3% of the electricity produced in the country.

  • ($1 = 0.8993 euros)

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