Energy Transition

Ren's commitment

Carbon neutrality

REN is strongly committed to energy transition. We are an active agent in this process, developing electricity and gas infrastructures guaranteeing a progressive decarbonization of both sectors, supporting the growth of the integration of renewable energy sources (RES) in both systems while maintaining high standards of security and quality of supply. 

Attesting this determination is the fact that REN, in 2021, presented in its 2021–2024 Strategic Plan the reduction of carbon emissions by 50% by 2030 (compared to 2019), and carbon neutrality in 2040, ten years earlier than defined by the European Union. 

Investments in the electrical infrastructure

600 - 705M€

75% of the CAPEX to accommodate new renewable parks; 20 to 25% in modernisation, increasing resilience and adaptation to climate change; and the remaining 5% in digitisation and other topics.

These investments will enable the connection of about 7.7 GW of new renewable power (solar, wind, and hydro). 

Investment in the gas infrastructure

Hydrogen

More than 33% of the investment in the transmission and storage network is to prepare the infrastructure to receive H2. Up to 5% H2 in the gas infrastructure by 2026 and between 10 to 15% of H2 by 2030. The current infrastructure is already fully compatible with the introduction of biomethane.

Energy efficiency with renewable power

Internal investment

Twenty-eight percent of the current fleet is electrified. More than 1 MW of renewable power is expected to be installed by 2023, and more than 2 MW in 2024 in buildings and technical facilities. By 2025, we expect to reduce methane emissions by at least 20%.

Related Content
2021-24 Strategic Plan
PDF 5.5 MB
Progress made

REN’s analysis and strategic evolution

Eletricidade

Electricity

Between 2019 and 2021, RES installed capacity grew by about 6 p.p. With regard to generation, the contribution of Renewable Energy Sources rose from 51% in 2019 to 59% in 2021. Seventy-three percent of the power generating park in 2021 is of renewable origin.

Gás

Gas

Receipt of the Gold Standard by the OGMP (Oil and Gas Methane Partnership) for the commitment to the decrease of methane emissions and for the reduction in the frequency of systematic inspection campaigns to search for leaks in the transmission and distribution infrastructures. Membership in the Hydrogen Europe and in the European Clean Hydrogen Alliance.

Empresa

Company

By 2021, 56% of the acquired vehicles were electric. We promote the circular economy with the recirculation of technical clothing. Speed-e, an innovative solution for electric charging directly from the Very-High-Voltage lines, boosts green mobility.

Sustainability strategy 

For REN, sustainability is guiding business action, while respecting the company’s founding values.

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The future of energy

A more sustainable energy system 

On the path to energy transformation, REN has made a permanent contribution through the areas of planning and management of the Electricity and Gas Systems and in achieving the decarbonisation of infrastructures.

This happens both by contributing to the gradual injection of renewable gases (notably “green” hydrogen and biomethane) and by connecting new renewable projects to the grid.

Internally, REN has decarbonised its operations, both by reducing methane emissions (according to the OGMP Oil and Gas Methane Partnership standard, in which it obtained the Gold Standard) and by progressively introducing more sustainable equipment, as has been seen with the vehicle fleet.

REN has also installed solar panels in its administrative buildings and technical facilities and has involved service providers and suppliers in this decarbonisation effort.

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Carriche
Initiatives

We prioritize
sustainability for a
present with a future

Initiatives and Programmes

Key Initiatives

AGIR Award
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REN Chair on Biodiversity
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Other Initiatives

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Reforestation action gathers around 150 students from Gondomar, Paredes e Valongo
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