Redeia, also known as Redeia Corporación, S.A., is publicly owned and headquartered in Spain. Founded in 1985, the company employs approximately 70 individuals. Specializing in utilities, Redeia owns and operates the Spanish electric transmission system, having acquired almost all of the nation's power grid through government decree. The company also operates a small fibre-optics network in Spain and maintains a growing Latin American infrastructure business.
A Madrid court accepted a complaint for unfair competition filed by Iberdrola against Redeia on February 16, reigniting a legal battle concerning a massive blackout on April 28 of last year. Iberdrola alleges Redeia, parent company of system operator Red Eléctrica, held it responsible for the outage without explicit naming. Previously, on February 11, Iberdrola's CEO in Spain rejected claims by the head of the country's power grid operator that mismanagement at an Iberdrola solar plant could have contributed to the April 28 blackout. Earlier, on February 4, Red Eléctrica, Redeia's subsidiary responsible for electrical operation and transport, inaugurated the underwater electrical interconnection between Tenerife and La Gomera, spanning 36 kilometers at a depth of 1145 meters. This followed a request on February 3 from the Association of Electricity Companies (aelec), which includes Iberdrola, Endesa, and EDP Spain, for an "urgent mechanism" to accelerate investments in the electrical transportation network by opening them to distributors.
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