Global Infrastructure SherpaREN - Redes Energéticas Nacionais S.A. Announces Investment in Energy Storage
REN announced an investment in energy storage projects. REN operates the Portuguese electricity and gas transmission networks.
Source Intelligence
KEY DETAILS
REN aims to reduce Scope 1 and 2 emissions by 60% by 2030, reduce Scope 3 emissions by 30% by 2030, and achieve 100% green debt by 2030. Quote: REN is reinforcing its sustainability commitments, enhancing its ESG objectives by aiming to reduce Scope 1 and 2 emissions by 60% by 2030 (a 10-percentage-point increase compared to 2019 targets), reduce Scope 3 emissions by 30% by 2030 (compared to 2021), and achieve 100% green debt by 2030.
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Deal Size
totaling between 1.5 and 1.7 billion euros over the 2024-2027 timeframe
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Location
This heightened level of investment significantly impacts the Portuguese economy
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Financials
a decrease in net debt to a range between 2.6 and 2.5 billion euros
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Announcement
15 mayo 2024
PARTIES MENTIONED IN SOURCE
R
Redes Energéticas Nacionais ( REN )
investor
"Redes Energéticas Nacionais ( REN ) unveiled its Strategic Plan for the period 2024-2027"
medium quality
Enriched Feb 19, 2026
Timeline
Announced
Jan 15, 2024
Signed
Closed
Counterparts (2)
Investor
REN - Redes Energéticas Nacionais S.A.
REN - Redes Energéticas Nacionais, S.A. is a Portuguese company that operates in the energy sector, ...
Rede Nacional de Transporte de Electricidade (RNT-EP)
Rede Nacional de Transporte de Electricidade (REN) is responsible for the security and continuity of...
Market Context
This deal is part of the Energy Storage sector in Portugal.
13
Energy Storage deals
21
deals in Portugal
Source
www.review-energy.com
1 of 13 Energy Storage deals tracked this month · Updated daily