Redeia, also known as Redeia Corporación, S.A., is a Publicly Owned company headquartered in Spain. Founded in 1985, and with an estimated 350 employees, the utilities provider reported $1.9B in revenue as of 2025. The company owns and operates the Spanish electric transmission system, having acquired a significant portion of the nation's power grid by government decree. It also operates a fibre-optics network in Spain and has a Latin American infrastructure business.
On September 21, 2026, the Secretary of State for Energy and Redeia's CEO visited the interconnection works with France via the Bay of Vizcaya, inspecting progress at the Gatika converter station and submarine cable laying. The project's underground and submarine infrastructure is 70% complete, with Red Eléctrica having completed the first 65-kilometer phase of submarine cable laying off the Basque coast, installed by Danish company NKT. Previously, on September 17, 2026, Redeia committed to investing €17 billion to boost electrical grid capacity. This investment follows a two-year corporate dispute and government pressure to resolve the saturation of Spain's electricity system, a situation highlighted by the April 2025 blackout.
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