Spain's Redeia increases power grid investments by 19%
Spain's Redeia increases power grid investments by 19% MADRID, Oct 28 (Reuters) - Spain's Redeia REDE.MC, which controls power grid operator Red Electrica (REE), increased investments in power networks by more than 19% in the first nine months of the year compared with the same period in 2025.
Power grid investments rose to €1.09 billion ($1.21 billion) from €915 million a year earlier.
Overall investments rose almost 18% to €1.14 billion.
Net profit grew 5.3% to €410.3 million.
Spain's electricity demand rose 3.3% in the first nine months of the year, reaching the equivalent of 198.3 terawatt-hours.
Renewable energy sources accounted for 57.3% of the electricity produced in the country.
($1 = 0.8993 euros)
(Reporting by Pietro Lombardi
Editing by Tomasz Janowski)
((Pietro.Lombardi@thomsonreuters.com;))
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