EMCC European Monitoring Centre on Change

EDP

Company/Organisation:
EDP

Geographic Location

Country: Spain
Region: Andalucía; Sur
Location of affected unit(s): Puente Nuevo (Málaga) and Los Barrios (Cádiz)

Company

Sector: Utilities
Electricity, gas, steam and air conditioning supply
35.14 - Trade of electricity
Number Employed: 547
Group: EDP Group

Employment Effects

Announcement Date: 05-07-2021
Type of Restructuring: Business expansion
Planned Job Creation: 300

Additional Information

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. 

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