Redeia

What Redeia does

Redeia Corporación S.A. is the parent holding company of Spain's designated electricity transmission system operator (TSO), Red Eléctrica de España, and operates as a regulated monopoly infrastructure group headquartered in Alcobendas (Madrid). The group manages over 46,000 km of high-voltage electricity transmission circuits in Spain and 7,600+ km in Latin America through its subsidiary Redinter, while its telecom arm Reintel operates more than 54,000 km of dark fibre optic cable. Revenues are anchored to Spain's regulated asset base (RAB) framework administered by the CNMC, with tariffs set regulatorily rather than by market dynamics. Additional revenue streams include international transmission operations across Peru, Chile, Colombia, and Brazil, and telecommunications infrastructure leasing to telecom operators.

In 2025, Redeia generated €1,716 million in revenue (up 4.2% YoY) and €505.6 million in net profit (up 37.2%, boosted by the Hispasat divestiture), with record investments of €1,551 million in the grid. The group launched an ambitious 2026–2029 Strategic Plan committing €6.5 billion ($7.67 billion) of investment — approximately €6 billion for Spain and €500 million for international operations — representing a 70% increase over the prior plan and targeting a 7.6% RAB CAGR. The technology and innovation subsidiary Elewit supports adjacent digital and grid-services development.

Customer acquisition is mandate-driven rather than sales-cycle-driven: as Spain's sole TSO, Redeia serves all distribution system operators, large industrial consumers, and renewable generators by regulatory requirement. The group is listed on the Madrid Stock Exchange (OTC ticker RDEIY), with SEPI as a notable state shareholder, and pays a €0.80 per share dividend for 2025 results. Operational metrics include 56.8% renewable energy integration in 2024 (up from 50.3% in 2023) and an average interruption time of 0.1 minutes, reflecting high grid reliability. The April 2025 Iberian blackout and subsequent CNMC investigation represent the principal near-term reputational and regulatory overhang.

Name

Redeia

Legal name

REDEIA CORPORACIÓN, S.A.

Website

https://redeia.com

Company type

Public

Founded year

1985

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Redeia is the parent holding company of Spain's regulated electricity transmission system operator (Red Eléctrica), managing over 46,000 km of grid circuits domestically and 7,600+ km in Latin America, with a parallel 54,000+ km fibre optic network via Reintel, serving utilities, generators, and telecom operators under CNMC-regulated tariffs.

Ownership category

akta.pro rank

Product category

Electricity Transmission Infrastructure

NAICS

Electric Bulk Power Transmission and Control (221121), Electric Power Transmission, Control, and Distribution (22112), Electric Power Generation, Transmission and Distribution (2211), Electric Power Distribution (221122)

SIC

Electric Services (4911), Electric, Gas & Sanitary Services (4900)

akta.pro primary industry

National & Regional TSOs (ISO/RTO/Grid Operators) (EUADAAAA)

akta.pro secondary industries

System Operations & Control Centers (EMS/SCADA for Transmission) (EUADAAAG), Testing, Commissioning, Maintenance & Retrofit/Modernization (Substations/Switchgear) (EUADACAL), High-Voltage Electrical Systems (Switchgear, Transformers, Protection & Control) (EUAEAFAA)

Keywords

• Electricity transmission services
• Grid system operation
• Telecommunications infrastructure
• Fiber optic networks
• Regulated utility services

Headquarters

HQ city

Alcobendas

HQ country

Spain

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Technology or R&D, Supply Chain, Others

Revenue model

1. Regulated Electricity Transmission and System Operation (Spain): Red Eléctrica, Redeia's main subsidiary, operates as Spain's TSO under a regulated framework. Revenue is derived from regulated asset base (RAB) returns and performance incentives. This is the primary revenue driver, with revenues of €1,716 million in 2025 (up 4.2% YoY). Jefferies projects EBITDA at €1.27bn in 2026 and €1.38bn in 2027.
2. International Operations (Latin America via Redinter): Redeia's international subsidiary Redinter operates transmission infrastructure in Latin American countries. The 2026-2029 strategic plan allocates ~€500 million for international operations out of a total €6.5 billion investment plan.
3. Telecommunications Infrastructure (via Reintel): Reintel, Redeia's telecommunications subsidiary, manages over 54,000 km of dark fibre optic cable in Spain, providing critical infrastructure for telecommunications connectivity.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels7 records

Core offering

Redeia, through its subsidiary Red Eléctrica de España, operates as Spain's sole electricity transmission system operator (TSO), managing over 46,000 km of high-voltage transmission circuits and ensuring grid stability, supply reliability, and renewable energy integration across the Iberian Peninsula. The group also provides telecommunications infrastructure through Reintel (54,000+ km of dark fibre) and international electricity transmission operations through Redinter in Latin America (7,600+ km of circuits across Peru, Brazil, Chile, and Colombia).

Product overview

Redeia operates as a global infrastructure operator managing essential electricity transmission and telecommunications networks through its core subsidiary Red Eléctrica and specialized subsidiaries. The group comprises Red Eléctrica (electricity transmission and system operation in Spain), Reintel (fiber optic telecommunications), Redinter (Latin American transmission operations), and Elewit (technology/innovation ventures). Redeia manages Spain's high-voltage grid with over 46,000 km of circuits, operates telecommunications infrastructure with over 54,000 km of dark fiber, and maintains international presence through Redinter with over 7,600 km of circuits in Latin America. The group focuses on enabling the energy transition through grid expansion and modernization while providing essential connectivity infrastructure.

Differentiator

Problem solved

Functional benefit

Products and services

• Red Eléctrica (Electricity Transmission and System Operation) Red Eléctrica is Redeia's core operating subsidiary, acting as Spain's sole electricity transmission system operator (TSO). It manages the national high-voltage grid with over 46,000 km of circuits, ensures system stability, integrates renewable energy, and processes grid connection requests (over 37 GW in storage connection requests). It serves distribution system operators, large industrial consumers, and renewable energy producers under tariffs regulated by the CNMC.
• Reintel (Telecommunications Fibre Infrastructure) Reintel is Redeia's telecommunications subsidiary that manages over 54,000 km of dark fibre optic cable in Spain. It provides wholesale dark fibre infrastructure to telecommunications operators for high-capacity data transmission and backbone connectivity services.
• Redinter (Latin American Transmission Operations) Redinter is Redeia's international subsidiary operating electricity transmission infrastructure across Latin America, with over 7,600 km of circuits in countries including Peru, Brazil, Chile, and Colombia. It serves national grid operators and utilities in each country, and accounts for approximately €500 million of Redeia's €6.5 billion 2026-2029 strategic plan.
• Elewit (Technology and Innovation Ventures) Elewit is Redeia's technology venture arm focused on innovation and digital transformation solutions for the energy and telecommunications sectors, supporting startups and emerging technology applications relevant to the group's infrastructure operations.

Quantifiable outcome

• 56.8% renewable energy integration in 2024 (up from 50.3% in 2023), demonstrating grid capacity to handle increasing renewable penetration
• +4 more outcomes

Named customers1 record

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

18 partnerships are on record, tiered core and minor.

• Fundación RenovablescoreStrategic or Co-development Partner · 22 June 2026Redeia partnered with Fundación Renovables and Renewables Grid Initiative to launch the 'Territorios en Red' alliance, which presents a methodology focused on strengthening active listening, early participation, territorial dialogue, transparency, and traceability as fundamental pillars in the deployment of electricity transmission networks.
• Renewables Grid InitiativecoreStrategic or Co-development Partner · 22 June 2026Redeia partnered with Fundación Renovables and Renewables Grid Initiative (RGI) to launch the 'Territorios en Red' alliance, which develops methodologies for the active participation of territories in electricity network deployment, promoting early stakeholder engagement and territorial dialogue.
• ESAN University (Peru)coreStrategic or Co-development Partner · 17 June 2026Redeia's subsidiary Redinter co-organized the II Jornada de Sostenibilidad y Energía en Iberoamérica with ESAN University in Lima, Peru. The forum brought together institutional, business, and academic representatives from across Ibero-America to discuss energy sovereignty through renewable expansion, electrification, and improved transmission networks. Beatriz Corredor (Redeia President) and Roberto García Merino (CEO) led the event alongside Jaime Serida, ESAN University's rector.
• Ayuntamiento de Campo de CriptanaminorStrategic or Co-development Partner · 28 May 2026Redeia and the Campo de Criptana Town Council partnered to install solar panels, driving savings of up to €300,000 for the municipality, supporting renewable energy and energy efficiency at the local government level.
• Museo de las Ciencias de Castilla-La ManchaminorStrategic or Co-development Partner · 20 May 2026Redeia and the Museum of Sciences of Castilla-La Mancha partnered to create a new exhibition 'Conectados al futuro: la transición energética' (Connected to the Future: the Energy Transition), promoting citizen knowledge about the energy transition through an interactive exhibition.
• UICN (IUCN Spanish Committee)minorStrategic or Co-development Partner · 19 May 2026UICN and Redeia reinforced their alliance to protect Posidonia oceanica (seagrass) in Cabo de Gata, Almería. This builds on Redeia's Marine Forest platform and the IUCN's conservation expertise.
• Reina Sofía High School of MusicminorStrategic or Co-development Partner · 8 May 2026Redeia and the Reina Sofía High School of Music partner on the third edition of the 'Música Cercana' series, bringing free live classical music concerts to rural communities outside conventional cultural circuits in Spain. The initiative includes free concerts in historic venues and virtual reality music workshops, democratizing access to classical music in rural Spain.
• Fundación Naturaleza y HombreminorStrategic or Co-development Partner · 29 April 2026Redeia and Fundación Naturaleza y Hombre collaborate on forest restoration in the Eastern Cantabrian Mountains, using native species to restore forest ecosystems in alignment with Redeia's biodiversity commitments.
• SEO/BirdLifeminorStrategic or Co-development Partner · 9 April 2026Red Eléctrica (Redeia subsidiary) and SEO/BirdLife collaborate on biodiversity initiatives, including eliminating 100 hectares of invasive pampas grass (Cortaderia selloana) in Cantabria and promoting conservation of birds and biodiversity along transmission line corridors.
• Fundación Global NaturecoreStrategic or Co-development Partner · 3 March 2026Redeia co-finances the LIFE Ballesteros Project, coordinated by Fundación Global Nature. The €3.9 million initiative aims to restore over 280 hectares of gypsum wetland habitats in the Ballesteros Lagoons in Cuenca province, working with the EU LIFE program, Cuenca Provincial Council, and regional government. Redeia contributes through its Integral Impact Strategy.
• European Union (LIFE Programme)coreStrategic or Co-development Partner · 3 March 2026The European Union, through its LIFE Programme, co-finances the LIFE Ballesteros project at the Ballesteros Lagoons in Cuenca, Spain. The EU LIFE programme is the funding instrument for environmental and climate action in Europe.
• Diputación Provincial de CuencacoreStrategic or Co-development Partner · 3 March 2026The Cuenca Provincial Council co-finances the LIFE Ballesteros project coordinated by Fundación Global Nature, contributing to the restoration of over 280 hectares of gypsum wetlands in Cuenca province as part of a public-private alliance.
• Junta de Comunidades de Castilla-La ManchaminorStrategic or Co-development Partner · 3 March 2026The regional government of Castilla-La Mancha collaborates in the LIFE Ballesteros project, providing governmental support for the restoration of the Ballesteros Lagoons as part of the public-private partnership.
• Fundación EcomarminorStrategic or Co-development Partner · 2 March 2026Redeia and Fundación Ecomar partner on environmental education, with 15 planned school workshops in 2026 focused on marine ecosystem conservation and ecosystem preservation awareness.
• IbizaPreservationminorStrategic or Co-development Partner · 4 February 2026Redeia partnered with IbizaPreservation to protect the Ibiza lizard (Podarcis pityusensis) through a pioneering conservation project, reflecting Redeia's biodiversity and nature-based solutions strategy.
• GREFAminorStrategic or Co-development Partner · 2 February 2026Redeia supported GREFA (Grupo de Rehabilitación de la Fauna Autóctona y su Hábitat) in releasing 7 Bonelli's eagles (Águila de Bonelli) in the Community of Madrid in 2025, part of Redeia's biodiversity conservation program.
• Junta de Comunidades de Castilla-La ManchaminorStrategic or Co-development Partner · 15 January 2026Red Eléctrica and the Castilla-La Mancha regional government partnered to protect the intangible cultural heritage of the region, reflecting Redeia's commitment to communities and cultural preservation.
• Carbon Disclosure Project (CDP)coreOthers · 14 January 2026Redeia maintains its CDP A List classification, demonstrating leadership in climate action and environmental disclosure. CDP evaluates companies on climate change, water security, and deforestation metrics.

Scale indicators9 records

Recent moves7 records

Expansion highlights6 records

Regional players

• 50Hertz Transmission: German TSO covering the northern/eastern grid; another European peer with offshore/onshore high-voltage transmission and regulated RAB economics similar to Redeia.
• ISA (Interconexión Eléctrica S.A.): Colombian multi-country electricity transmission operator; comparable to Redinter's Latin American footprint and to Redeia's cross-border transmission business model.

Emerging players

• Amprion: German TSO managing transmission in western Germany; a peer in capital-intensive high-voltage transmission expansion with regulated returns, comparable to Redeia's Spanish grid build-out.

Direct peers

• RTE (Réseau de Transport d'Électricité): France's national TSO; a direct European peer operating the high-voltage transmission grid under a regulated framework similar to Redeia's role in Spain.
• Elia Group: Belgian/German TSO with regulated electricity transmission operations across multiple jurisdictions; comparable to Redeia in cross-border transmission activity.
• Terna: Italy's national electricity transmission system operator; comparable regulated TSO with similar RAB-based earnings and grid-integration mandate.
• Red Eléctrica de España: Redeia's core subsidiary and Spain's TSO; comparing Redeia directly to Red Eléctrica reflects the same transmission system operator scope, regulated RAB model, and grid footprint.
• REN (Redes Energéticas Nacionais): Portuguese TSO managing the national high-voltage grid; a regional Iberian peer with the same regulated model and similar scale as Redeia's Spanish grid operations.
• National Grid (UK TSO): UK electricity transmission system operator; directly comparable as a regulated TSO managing high-voltage infrastructure with RAB-driven returns in a similar European regulatory context.
• EirGrid: Ireland's TSO and Redeia's named counterparty for the Ireland-Spain interconnector MoU; direct peer as another European regulated grid operator with cross-border interconnection work.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights8 records

Customer concentration

• Xx.com/RedeiaCorp
• YouTubeyoutube.com/channel/UCDLl0FjRpUR7JnAJ7ICJGOQ
• LinkedInlinkedin.com/company/redeia

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries11 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Redeia