Our strategy

Our strategic plan reinforces our commitment to clean electrification. Indeed, we aim to become a fully emissions-free company by 2040 with an unprecedented investment effort.

2025-27 Strategic plan

Increased investment to address energy transition challenges

On 19 November 2024, we presented our new 2025–2027 Strategic Plan to the investor community. The plan outlines an 8% global increase in investment, reaching €9.6 billion, which marks a milestone for the company.

Our goal for the coming years is to fully seize the opportunities and tackle the challenges of the energy transition while adapting to the ambitious electrification targets set by Spain’s National Integrated Energy and Climate Plan (NECP) for 2030.

At the core of our plan lies the promotion of clean electrification, rooted in emissions-free generation sources. This will achieve a competitive energy system for customers, making it more secure by reducing external energy dependency and sustainable by decreasing GHG emissions. 

Distribution networks

It is the backbone of the energy transition. Investment in the electricity grid will rise to €4 billion, a 45% increase compared to the previous 2024–2026 plan. However, this investment plan is still pending regulatory improvements and updates. 

Renewables

The generation business is another key pillar of the strategic plan. The €3.7 billion investment in renewable energy will help us refocus by reducing spending in the solar business while strengthening wind and hydropower.

Supply

Our focus is on customers, promoting the electrification of their energy usage. We aim to grow our free-market customer portfolio to 7.1 million by the end of the period while enhancing loyalty among high-value customers.

Reinforcing the Net Zero goal by 2040

This strategic review across the three core business pillars is accompanied by a transversal commitment to environmental sustainability.

Our goal of achieving net-zero emissions by 2040 remains steadfast. This includes 100% renewable energy generation and sales, alongside phasing out retail gas sales as customers increasingly transition to electrification.

CO2 emissions will have decreased by 65% by the end of 2024 compared to 2017 levels, with a projected 74% reduction by 2030.

Previous Presentations

2024-26 Strategic Plan Update

2023-25 Strategic Plan Update

PDF (2.52MB) Download

2022-24 Strategic Plan Update

PDF (4.04MB) Download

2021-2023 Strategic Plan Update

PDF (4.22MB) Download

2020-2022 Strategic Plan Update

PDF (2.44MB) Download

2019-2021 Strategic Plan Update

PDF (1.81MB) Download

2018-2020 Strategic Plan Update

PDF (1.85MB) Download

2017-2019 Strategic Plan Update

PDF (2.6MB) Download

2016-19 Strategic Plan Update

PDF (1.83MB) Download

Endesa Investor Day 2015

PDF (2.02MB) Download

Update of Endesa’s 2015-2019 Strategic Plan

PDF (0.33MB) Download

Investor Day: Endesa’s new business plan focusing on the Iberian market

PDF (2.51MB) Download
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