Redeia Corporación, S.A., a publicly owned Spanish utility company founded in 1985, operates the country's high-voltage electricity transmission network. This network was largely acquired through government mandates requiring the sale of other grid owners' assets to Redeia. In addition to its primary transmission business, Redeia also maintains a smaller fiber-optic network within Spain and is expanding its infrastructure operations in Latin America. As of 2023, the company employed approximately 70 people.
On April 28, mismanagement of a large solar plant in southwestern Spain contributed to a massive blackout affecting the Iberian Peninsula, according to Redeia's chair. This event prompted investigations by government energy watchdogs and power companies. Separately, Red Eléctrica, part of Redeia, began laying a submarine cable to interconnect Tenerife and La Gomera, creating what will be the world’s deepest 66 kV submarine link. On September 12, the Spanish government announced plans to increase the cap on investments in power grids through 2030, anticipating 13.59 billion euros in investments related to the trunk network.
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