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.
Endesa, a Spanish company operating in the electricity and gas sectors, has announced the opening of its new solar plants in Almendralejo and Mérida (Extremadura). These plants have involved an investment of 96 million euros and the creation of 152 permanent jobs. The company's objective was for most of the workforce to be local and qualified, carrying out two training courses on the assembly of trackers and the operation and maintenance of solar plants in coordination with the two city councils of the territory. In addition, the construction of these plants involved the temporary hiring of 800 employees.
The three new plants have an output of approximately 50 MW each. The company has other 20 solar projects in the province of Badajoz, for a total of 1,150 new megawatts of renewable capacity. The construction of this renewable capacity is in line with Endesa's strategy to fully decarbonize its generation mix by 2040.
This comes after the announcement of the company's expansion strategic plan in 2021 and its early retirement plan in 2020.
Eurofound (2021), Endesa, Business expansion in Spain, factsheet number 106135, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/106135.