30 August 2005 - Endesa has estimated that renewable energies will represent 38.5 per cent of its total power generation mix by 2009 as it strives to reduce its emissions and increase production diversity.
The company has already managed to reduce its emissions in Spain by 27.5 per cent from 1990 levels to help the country comply with its Kyoto targets. The reduction has come despite a 120 per cent increase in generation output. Endesa envisions a reduction in carbon dioxide emission levels to 35 per cent below 1990 levels by 2009.
A statement from the company read: "By 2009, around 40 per cent of Endesa's production plants will not release any type of pollutant gas into the atmosphere."
Endesa hopes to achieve this by increasing its renewable capacity from the 2004 level of 16 421 MW to 19 535 MW by 2009. This 19 per cent increase will be funded by €2.1bn ($2.5bn) of investment in hydro, wind and biomass projects. By 2009, around 16 000 MW of additional hydro capacity is expected to be added to the company's generation portfolio, along with approximately 4 000 MW of wind capacity and 243 MW of biomass and waste capacity.
The amount earmarked for renewable investment constitutes nearly 30 per cent of what the company has planned to invest in general growth between 2005 and 2009.
Endesa also announced that its system average interruption duration index (SAIDI) fell 35 per cent year on year in July, to nine minutes. So far this year it has reduced its SAIDI in Spain by 15 per cent. The company has set aside more than €1m for further investments in distribution as part of its 2005-2009 Strategic Plan.