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.
Redeia reported on July 30, 2026, that it generated more than €18 in social impact for every euro of net profit in 2025, highlighting socioeconomic development in its operating regions as a primary driver of positive impact through its essential electricity and connectivity services. Previously, on July 29, the company announced its H1 2026 financial results, with revenue growing 6.8% from its Spanish regulated business and net profit increasing 4% to €280 million. EBITDA rose 5.8%, while total investment reached €657 million and net debt decreased to €5.009 billion. Redeia specifically allocated €630.9 million to Red Eléctrica in H1, a nearly 12% increase from the prior year, to support industry and the energy transition in Spain. The company anticipates reaching and potentially exceeding €1.5 billion in TSO investment by year-end 2026 and reaffirmed its full-year 2026 net profit outlook to surpass €510 million. CEO Roberto García Merino emphasized the need for Spain to strengthen its power grid amid rising demand from electrification, positioning grids as essential for energy security and the transition to a more electrified model. Major projects, including the Spain-France interconnection and pumped-storage facilities in Gran Canaria and Tenerife, remain in its investment pipeline. Redeia maintains a BBB+ credit rating from Standard & Poor's and Fitch.
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