Red Electrica de España (REE) is a Spanish company that operates in the Integrated Electric Utilities sector. The company is responsible for the operation and maintenance of the Spanish electricity system, as well as the management of the electricity transmission grid. REE is a publicly traded company that is listed on the Spanish stock exchange.

The company was founded in 1985 and has since played a crucial role in the development of the Spanish electricity system. REE is responsible for ensuring the security and reliability of the electricity supply in Spain, as well as promoting the integration of renewable energy sources into the electricity system.

Decarbonisation is a key focus area for REE. The company is committed to reducing the carbon footprint of the Spanish electricity system and promoting the transition to a low-carbon economy. REE has set ambitious targets for reducing greenhouse gas emissions and increasing the share of renewable energy in the electricity mix.

One of the ways that REE is promoting decarbonisation is through the use of Corporate Power Purchase Agreements (PPAs). Corporate PPAs allow companies to purchase renewable energy directly from generators, rather than relying on the traditional electricity market. This enables companies to reduce their carbon footprint and support the development of renewable energy projects.

REE has been at the forefront of the development of Corporate PPAs in Spain. The company has signed several agreements with large corporations, including Google and Telefónica, to supply them with renewable energy. These agreements have helped to promote the development of new renewable energy projects in Spain and support the decarbonisation of the electricity system.

Corporate energy is another key focus area for REE. The company is committed to promoting the efficient use of energy and reducing energy consumption. REE has implemented several initiatives to promote energy efficiency, including the installation of smart meters and the development of energy management systems.

In addition to promoting energy efficiency, REE is also investing in renewable energy projects. The company has developed several wind and solar projects in Spain, which have helped to increase the share of renewable energy in the electricity mix. REE is also investing in new technologies, such as energy storage, to enable the integration of renewable energy sources into the electricity system.

Renewable energy is a key focus area for REE. The company is committed to increasing the share of renewable energy in the electricity mix and promoting the development of new renewable energy projects. REE has set ambitious targets for the deployment of renewable energy, including a target of 50% renewable energy by 2030.

To achieve these targets, REE is investing in new renewable energy projects and promoting the development of new technologies. The company is also working closely with other stakeholders in the energy sector to promote the integration of renewable energy sources into the electricity system.

In conclusion, Red Electrica de España is a key player in the Spanish electricity sector. The company is committed to promoting decarbonisation, corporate energy, corporate PPAs, and renewable energy. Through its initiatives and investments, REE is helping to promote the transition to a low-carbon economy and the development of a more sustainable energy system.