Restructuring events
European Restructuring Monitor (ERM)
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.
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.
In 2012, EDP created about 335 jobs in Portugal.
Eurofound (2021), EDP, Business expansion in Spain, factsheet number 105120, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/105120.