Friday, December 9 2022 Sign In   |    Register
 

News Quick Search


 

News


Front Page
Power News
Today's News
Yesterday's News
Week of Dec 05
Week of Nov 28
Week of Nov 21
Week of Nov 14
Week of Nov 07
By Topic
By News Partner
Gas News
News Customization
Feedback

 

Pro Plus(+)


Add on products to your professional subscription.
  • Energy Archive News
  •  



    Home > News > Power News > News Article

    Share by Email E-mail Printer Friendly Print

    Endesa, Sentury Tire strike energy transition deal in Spain


    September 23, 2022 - SeeNews Renewables

     

      September 23 (Renewables Now) - Spanish utility Endesa SA (BME:ELE) on Friday said that it has signed an agreement with Chinese tire maker Qingdao Sentury Tire Co Ltd (SHE:002984) encompassing land transfer for a smart tire factory in northern Spain and the supply of wind energy.

      The outline of the agreement was first presented by Endesa earlier this week when it received a notice from the Spanish government that it would be able to close only one half of its As Pontes coal-fired power plant in the region of Galicia. Despite the delayed coal exit, the utility has already started making firm plans for the As Pontes area to avoid leaving it jobless once the power plant is closed for good.

      Under one of the arrangements, Endesa will transfer 26 hectares (64.2 acres) of land in the plant’s area to Sentury Tire, which will build a modern EUR-477-million (USD 465.4m) tire factory there and create 750 direct jobs. The factory will be powered by 191 MW of wind farms that Endesa’s renewables unit Enel Green Power Espana will build in the vicinity, the utility said.

      Investments in the wind projects will total EUR 229 million.

      According to Endesa, it will take around 36 months to build the tire factory. The company did not say when its wind farms would be ready.

      (EUR 1.0 = USD 0.976)

    TOP

    Other Articles - International


    TOP

       Home  -  Feedback  -  Contact Us  -  Safe Sender  -  About Energy Central   
    Copyright © 1996-2022 by CyberTech, Inc. All rights reserved.
    Energy Central® and Energy Central Professional® are registered trademarks of CyberTech, Incorporated. Data and information is provided for informational purposes only, and is not intended for trading purposes. CyberTech does not warrant that the information or services of Energy Central will meet any specific requirements; nor will it be error free or uninterrupted; nor shall CyberTech be liable for any indirect, incidental or consequential damages (including lost data, information or profits) sustained or incurred in connection with the use of, operation of, or inability to use Energy Central. Other terms of use may apply. Membership information is confidential and subject to our privacy agreement.