The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Utilities Electricity, Gas, Steam And Air Conditioning Supply Electricity, Gas, Steam And Air Conditioning Supply 35.14 - Trade of electricity
300 jobs Number of planned job creations
Announcement Date
5 July 2021
Employment effect (start)
Foreseen end date
Description
EDP (Energias de Portugal), Portuguese electric utilities company, has announced an investment of €1 billion in industrial projects focused on green hydrogen, renewables and energy storage to convert the thermal plants of Puente Nuevo (Malaga) and Los Barrios (Cadiz). The company hopes to increase its use of renewable energy to 100%, achieve decarbonisation, and reconvert the thermal power plants in process of closure with new projects.
This will eventually create 300 direct jobs and about a further 2,200 indirect jobs. In the meantime, this investment will enable a creation of 4,500 temporary jobs during the construction phase.
Eurofound (2021), EDP, Business expansion in Spain, factsheet number 105120, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/105120.
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