Endesa's Q1 2024 bitten by Spain's windfall tax, lower power prices
- Admin
- May 8, 2024
- 1 min read
Endesa SA reported a significant decrease in net ordinary profit and EBITDA in the first quarter of 2024 due to Spain's windfall tax on energy revenues. The company's renewable energy contributions increased compared to the previous year, with investments focused on grids and renewables. Endesa confirmed the divestment of a 49% stake in its solar portfolio and noted growth in its installed renewables capacity.
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