Endesa and Parkia have reached an agreement to install 127 semi-fast recharging points for electric vehicles in 61 parking lots in 27 Spanish provinces. 60% is already operative and open to the public 24 hours a day. In addition, users will be able to acquire a recharge voucher along with the parking voucher.
The electric company directed by José Bogas, through its subsidiary Endesa X, has reached an agreement with the private operator of subway parking lots to accelerate the deployment of the recharge infrastructure in 90% of its parking lots. The stations will have 22 kW, enough to recharge 80% of the battery of the electric vehicles in approximately one hour, less than the average time the cars stay.
Read more about Endesa and find the latest economic news with the Born2Invest mobile app.
Endesa will distribute 4.7 billion in dividends and boost profits by 12% by 2023
Endesa X, focused on new businesses and energy solutions – from electric mobility to demand management – is one of the keys to the future of the subsidiary of the Italian company Enel, which wants to double its contribution to the company’s results to $240 million (€200 million) in 2023.
With this perspective, the agreement between Endesa X and Parkia to deploy the recharging infrastructure is complemented by two types of solutions for drivers, which will be extended in the coming months with new options to improve mobility in the urban environment.
The first one is the punctual recharge: the user can access any of the Parkia parking lots with a recharge area, park his vehicle and leave it charging. The parking space will be paid for in the usual way (collection ticket and payment at the cashier or ATMs) and the recharge will be managed through the Endesa X app, JuicePass.
The second solution is the acquisition of a recharge voucher, along with the parking voucher
The recharge voucher has a duration of six months, for 225k Wh or 500 kWh, enough to cover about 200 or 440 kilometers per month, respectively.
When the interested party buys their monthly parking pass, they will be given a code to activate the kilowatt pass in the JuicePass recharge app of Endesa X, and they will be able to start using it each time they activate a charger from the Endesa network, both inside the Parkia parking lots and in the rest of the Endesa recharge network.
Endesa hopes to close the year with 8,000 recharge points installed in Spain, both public and private, and multiply them by 7, up to 56,000, in the year 2023.
Endesa has kept its dividend policy unchanged – the clearest and most solid in the sector
In this way, the firm led by José Bogas will deliver 100% of its profit this year, 80% in 2021, and 70% in 2022 and 2023.
According to the forecasts collected by FactSet, after the payout cut for next year, Endesa’s dividend yield will be 5.5% in 2021 and 4.92% in 2022, compared to 4% in industry average. Thus, Endesa’s payment continues to offer one of the dividend yields with its 2021 results. It is only exceeded, among the largest in Europe, by the British SSE (5.9%) and remains practically in line with its parent company, Enel.
Among its peers in the Spanish sector, its payment is only surpassed by Naturgy’s, with a profitability of 7.5% in 2021 and 7.8% for the next. Iberdrola’s, for its part, will be around 3.7% next year and 2.8% in 2022. Although the new roadmap was received with a certain indifference on the market, its titles yielded 1.4% this Wednesday. it was received with greater enthusiasm by the analysts who cover its listing on the stock market.
DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of Born2Invest, its management, staff or its associates. Please review our disclaimer for more information.
This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these important disclosures.
First published in elEconomista.es, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.
Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. Born2Invest assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. Born2Invest is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us.
Encomenda Invests €200,000 to Launch Telemedicine Startup Doctomatic
The fund led by Carlos Blanco and Oriol Juncosa has helped launch this new digital platform, called Doctomatic, for remote...
Burkina Faso: The European Investment Bank Strengthens its Partnership with CAPE
According to the Director-General of CAPE Burkina, the support of the EIB is one of the major factors that has...
The First Four Projects of the Civic Crowdfunding of Venice Were Launched
The first four civic crowdfunding projects in Venice were launched. The project "ONDEW - Let's face climate change together", is...
What Fintech Trends Set the Agenda for 2021 in Argentina
The fintech sector in Argentina has strongly developed during the pandemic. There are 238 fintech companies, i.e., almost three times...
Why Plant-Based Meat Could be the Future of the Food Market
Despite this incredible development and potential, vegetable meat is not the only alternative coming into play in this new era....
Cannabis2 weeks ago
Recreational Cannabis in Argentina, an Unavoidable Debate for the Congress in the Making
Cannabis1 week ago
Are Cannabis Social Clubs in Barcelona on the Verge of Closure
Featured2 weeks ago
Should You be Looking for Reasons to Sell the Stock Market
Africa2 weeks ago
Energy Efficiency: the Moroccan Ministry of Housing Gets up to Standards