Company Directory - REN - Redes Energéticas Nacionais
Company Details - REN - Redes Energéticas Nacionais
REN - Redes Energéticas Nacionais
WebsiteLisbon, Portugal
ISIN: PT REN0S0AM0004
REN - Redes Energéticas Nacionais is the electricity grid operator in Portugal, responsible for ensuring the stability and management of the national electricity transmission network, including maintaining interconnections with neighboring countries like Spain. Besides managing the electricity grid, REN also operates the natural gas system in Portugal and engages in activities related to energy efficiency and sustainable practices.
CCI Score
CCI Score: REN - Redes Energéticas Nacionais
37.80
-0.18%
Latest Event
Blackout and REN's Attribution Amid Calls for Worker Protection
On 28 April 2025, a massive blackout affected Spain and Portugal. REN, Portugal's electricity grid operator, attributed the outage to a rare atmospheric phenomenon impacting the Spanish grid. The incident coincided with trade union Unite unveiling policy proposals to safeguard workers during extreme weather, highlighting concerns over infrastructure resilience and labor safety.
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DISSENTER
REN - Redes Energéticas Nacionais is currently rated as a Dissenter.
Latest Events
- APR282025
On 28 April 2025, a massive blackout affected Spain and Portugal. REN, Portugal's electricity grid operator, attributed the outage to a rare atmospheric phenomenon impacting the Spanish grid. The incident coincided with trade union Unite unveiling policy proposals to safeguard workers during extreme weather, highlighting concerns over infrastructure resilience and labor safety.
- MAY312023
REN received a €450 million green loan from the European Investment Bank to finance the modernization, expansion, and reinforcement of Portugal's electricity transmission network. This initiative is part of REN's 2022-2026 investment plan to boost renewable energy integration, grid resilience, and support the broader green transition in line with the EU's REPowerEU strategy.
+80
Business Practices and Ethical Responsibility
April 28
The green loan enables REN to invest in sustainable infrastructure and renewable energy integration, reflecting strong commitment to environmentally responsible business practices that align with progressive, anti-fascist values by reducing dependency on fossil fuels and promoting energy democracy.
+70
Economic and Structural Influence
April 28
The financing significantly upgrades the nation's grid infrastructure, enhancing energy resilience and supporting a decentralized, renewable-powered energy system. This structural improvement promotes sustainable economic influence by contributing to a more equitable and forward-thinking energy landscape.
- MAR242023
The European Investment Bank has committed a €450 million green loan to REN to finance renewable energy connections and the upgrade of Portugal's electricity transmission network as part of its 2022-2026 investment program, reinforcing the nation's sustainable energy initiatives.
+60
Executive Political Engagement
April 28
REN's CEO, Rodrigo Costa, publicly affirmed the company's commitment to the energy transition during the signature ceremony, demonstrating progressive executive political engagement that supports sustainable infrastructure and a reduction in dependency on fossil fuels.
EIB Commits €450 Million Green Loan to Portugal’s REN for Renewable Energy Upgrades
+80
Business Practices and Ethical Responsibility
April 28
The financing supports REN’s responsible business practices by investing in the modernization of the electricity grid, enhancing safety, reliability, and renewable energy integration, which aligns with ethical responsibilities and environmental sustainability.
EIB Commits €450 Million Green Loan to Portugal’s REN for Renewable Energy Upgrades
+70
Economic and Structural Influence
April 28
The modernisation and capacity increase of Portugal's electricity grid contribute to broader economic and structural influence by fostering energy independence, supporting green investments, and aligning with pan-European initiatives for sustainable growth.
EIB Commits €450 Million Green Loan to Portugal’s REN for Renewable Energy Upgrades
- JAN012022
REN, Portugal's national grid operator, has secured a €450 million green loan from the European Investment Bank to finance its 2022-2026 electricity transmission investment programme. This financing aims to modernize the grid, integrate additional renewable energy sources, and enhance resilience against climate change impacts.
+80
Business Practices and Ethical Responsibility
April 28
REN’s initiative to secure a significant green loan illustrates strong commitment to sustainable business practices. By investing in the modernization of the electricity transmission network and the integration of renewable energy, REN is aligning its operations with progressive environmental and social responsibility goals, which indirectly counter authoritarian influences that favor fossil-fuel dependency.
+70
Economic and Structural Influence
April 28
The financing supports broad economic and structural improvements by boosting the capacity and resilience of a critical infrastructure network. This reinforces sustainable development and contributes to a resilient economy that is better equipped to support progressive, socially inclusive energy policies.
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