Capital Energy sets up its foundation to boost its social, environmental and cultural contribution in every region where it operates
Gloria Martín will act as the President of this institution
- The Capital Energy Foundation will focus its actions in three main areas: social action and cooperation; training and research; and climate change, sustainability and environmental protection
Madrid, 22 November 2021. Capital Energy, a Spanish energy company originated in 2002 and aspiring to become the first 100% renewable, vertically integrated electrical company on the Iberian Peninsula, continues to advance in its commitment to tying its business activity to the social, environmental and cultural development of the territories where it is present.
The company has therefore set up the Capital Energy Foundation, which will focus its actions in three main areas: social action and cooperation; training and research; and climate change, sustainability and environmental protection. Gloria Martín will act as the President of this institution.
With respect to social action and cooperation, the Capital Energy Foundation plans on promoting initiatives that are designed to facilitate the supply of energy among the most disadvantaged groups, either on its own or partnered with other foundations and NGOs, in addition to participating on donation campaigns for social purposes.
The company already has experience in this area. This year it has signed a cooperation agreement with the Asociación de Persoas con Discapacidade da Bisbarra de Muros (Adisbismur) to implement initiatives that favour the employment, social well-being and integration of disabled persons of the district of Muros, in A Coruña. It has also donated furniture, materials and financial resources to the Disabled Persons Foundation of the district of A Barcala, which is also in the province of A Coruña.
Regarding climate change, sustainability and environmental protection, the Capital Energy Foundation will work on proposals focused on safeguarding flora and fauna, on improving energy efficiency and eliminating CO2 emissions at infrastructures of the municipalities where it develops its renewable energy projects and on reducing the environmental impact of those projects.
In this regard, the company already collaborates with the NGO Grefa (Native Fauna and Habitat Rehabilitation Group), on its conservation campaign related to Montagu’s harrier, and it has promoted, together with the Energy Institute of Galicia, the installation of 70 photovoltaic panels at the Adisbismur occupational centre in the district of Outes.
Finally, regarding training and research, the foundation plans on launching a grant programme linked to specialised master’s degrees in renewable energies, as well as promoting aid for research and educational projects related to raising the awareness of new generations regarding sustainability.
Capital Energy also has extensive experience in this field, as evidenced by the agreements signed with 18 universities throughout Spain, not only to foster training on renewable energies but also to stand out as a benchmark company for doing internships. In fact, over 75% of the students who have had this possibility – 33 in the last year – have gone on to join the company’s staff.
Approximately 35 GW of projects on the Iberian Peninsula
In line with its commitment to the Green and Fair Energy Transition, Capital Energy currently has a portfolio of wind and solar energy projects on the Iberian Peninsula that amount to approximately 35 gigawatts (GW) of power, for which over 8.7 GW already have grid access licences granted.
Thanks to the launch of its retailing arm, in the last quarter of 2020 Capital Energy reached its strategic objective of being present throughout the entire renewable energy generation value chain: from promotion, where the company has a consolidated position due to its nearly 20-year history, to construction, production, storage, operation and supply.
The objective of the company, which has over 390 employees distributed throughout 16 offices in Spain and Portugal, is to take the 100% renewable energy that it is already generating at its facilities to the end customer.