Capital Energy donates €3,000 to the Fundación de Discapacitados of the A Barcala region

• The energy group channelled this initiative through its corporate venturing vehicle, Capital Energy Quantum, which through its association with the app Liight, dedicated to promoting actions towards sustainable development, organised an in-house competition with employees where the winners chose the social project that they wanted the prize to go to.
• In line with its commitment to the green and fair energy transition, Capital Energy combines the development of its renewable energy projects with social and environmental action programmes in order to maximise its contribution to the social and economic progress of every territory in which it operates
•  At present, the company has around 40 renewable energy projects in Galicia, which are all wind-based, spread over the four provinces. All together they total almost 1,100 MW, and their development will involve an overall investment of approximately €780,000,000 and the creation of 1,500 jobs in the surrounding rural areas.

Santiago de Compostela, 21 July 2021.- Capital Energy, a Spanish energy company founded in 2002 with the aim of becoming the first vertically-integrated 100%-renewable energy operator on the Iberian Peninsula, has just taken another step towards its social commitment to Galicia.

A competition for employees launched by Capital Energy Quantum, the company's corporate venturing vehicle, and in association with the app Liight, which promotes actions to defend sustainable development, allowed the winners to choose between several NGOs to award the €3,000 prize, which ended up going to the Fundación de Discapacitados of the A Barcala region.

Through this initiative the company strengthens its commitment to the institution, to which it had already given furniture from its offices in Santiago de Compostela back in June, and to A Barcala. Capital Energy is promoting the development of several wind farms in the area, such as Banzas, Troitomil, Barrosino, Vilartoxo, Alvite and Alvite II.

Capital Energy continues to promote projects that lead to employment, social welfare and the integration of people with disabilities throughout Galicia, as can also be seen in the framework agreement signed in May this year with the Asociación de Persoas con Discapacidade da Bisbarra de Muros (Adisbismur).

The signing of this new social agreement in Galicia is part of the company's commitment to the Green and Fair Energy Transition. Capital Energy wants to complement the development of its renewable energy projects in Spain and Portugal with the launch of social and environmental action programmes that are adapted to local needs in order to maximise its contribution to the social and economic progress of every territory in which it operates.

On this matter Xabier Monteagudo, Capital Energy's head of Business Development in Galicia, said that “the company’s goal is not only to decisively contribute to the huge challenge entailed by decarbonising the economy with renewable energy, but also to combine this contribution with the creation of jobs and wealth in our community. This new collaboration with the Fundación de Discapacitados of the A Barcala region restates our company’s commitment to encouraging development and wellbeing in the areas where it operates, promoting local talent and decisively contributing to the fight against rural depopulation”.

The director of the Fundación de Discapacitados of the A Barcala region, María Rosa Tuñas, stated that: “We are grateful to Capital Energy for having chosen our organisation to donate the €3,000, as well as giving us furniture from their offices in Santiago, that allowed us to refurbish various rooms in both occupational centres. Actions such as these are very necessary for all social organisations”.

Capital Energy's firm commitment to Galicia

The Company has driven the development of renewable infrastructures in Galicia since 2009. At present, it has an office in the San Lázaro district of the Galician capital, where 13 employees work - all of them residents of the municipalities where the Company promotes its facilities - and which has the capacity to triple its staff as the administrative procedures of the projects progress.

Capital Energy is developing around 40 wind farms in this Autonomous Community, distributed in the four provinces. All together they total almost 1,100 MW, and their development will involve an overall investment of approximately €780,000,000 and the creation of more than 1,500 jobs in the surrounding rural areas.

About the Fundación de Discapacitados of the A Barcala region

The Foundation was created in 1997 with the purpose to develop the self-sufficiency and social and labour inclusion of people with intellectual disabilities in the A Barcala region. It currently has two occupational centres in Negreira, which serve 17 users from 10:00 am to 5:00 pm. The organisation develops programs on adaptation skills and improving personal and social wellbeing and offers psychological-social assistance, catering and transportation services. It also organises an occupational silk-screen painting workshop, activities to include them with various groups in the community and entertainment and leisure activities.

The Foundation is chaired by rotation between the mayors of the Negreira and A Baña municipalities. The mayor of A Baña, José Antonio Pereira Gil, currently holds the position as president and the mayor of Negreira, Manuel Ángel Leis Míguez, as vice-president.

About Capital Energy

In line with its commitment to a green and fair energy transition, Capital Energy currently has a portfolio of wind and solar projects in the Iberian Peninsula with around 35 gigawatts (GW) of capacity, of which more than 8.7 GW have already received network access grants.

Thanks to the launch of its retail arm in the final quarter of 2020, Capital Energy reached its strategic aim of being present on the entire renewable energy value chain: from development, where, given its 20-year history, the Company has a consolidated position, to construction, production, storage, operation and supply.

The aim of the Company, which has more than 385 employees distributed throughout 15 offices in Spain and Portugal, is to deliver to the end consumer the 100%-renewable energy that it is already producing at its facilities.

About Capital Energy Quantum

Endowed with €20 million, Quantum, the corporate venturing fund launched by Capital Energy in October last year, aims to identify a portfolio of EnergyTech startups in Spain and Portugal with the potential to transform the energy sector, reach agreements and invest in them over the next five years. To do so, the company is exploring various options, such as association (Venture Client), direct investment (Venture Capital) and building new businesses (Venture Building).

Capital Energy Quantum is part of the group’s strategic commitment to promoting entrepreneurship and generating a huge network of knowledge and talent on the Spanish energy market. It also contributes to consolidating Capital Energy’s transformation into a client company, improving the efficiency of its core business over the short and medium-term.