Acciona

Acciona, S.A. (Spanish pronunciation: [akˈθjona]) is a Spanish multinational conglomerate dedicated to the development and management of infrastructure (construction, water, industrial and services) and renewable energy. The company produces 21 terawatt-hours of renewable electricity a year.[3]

Acciona, S.A.
Sociedad Anónima
Traded asBMADANA
ISINES0125220311
IndustryInfrastructure (construction, water, industrial and services) and renewable energy
Founded1997 (1931 Entrecanales y Távora)
HeadquartersAlcobendas, Spain
Key people
José Manuel Entrecanales (chairman and CEO)
ProductsInfrastructure (construction, water, industrial and services) and renewable energy
RevenueIncrease €7.510 billion (2018)[1]
Increase €757.4 million (2018)[1]
Increase €372.5 million (2018)[1]
Number of employees
Increase 34,000 (average, 2014)[2]
Websitewww.acciona.com Edit this at Wikidata

The company was founded in 1997 through the merger of Entrecanales y Tavora and Cubiertas y MZOV. The company's headquarters is in Alcobendas, Community of Madrid, Spain. The company's U.S. operations are headquartered in Chicago, Illinois.

The Company employs 30,000 professionals, and it is to be found in 30 countries on five continents. The company is IBEX 35-listed and an industry benchmark.

HistoryEdit

The company can trace its origins back to MZOV, a firm founded in 1862. In 1978 MZOV merged with Cubiertas y Tejados, a business founded in 1916, to form Cubiertas y MZOV.[4] In 1997 the company merged with Entrecanales y Tavora, a firm founded in 1931, to form NECSO Entrecanales Cubiertas S.A.. It was subsequently renamed Acciona.

OperationsEdit

The group is organised as follows:[5]

  • Infrastructure
  • Energy
  • Water
  • Other Businesses

Sustainability indexesEdit

Acciona obtained the distinctive RobecoSAM Silver Class 2015 in the Electric Utilities sector under the Sustainability Yearbook 2015[6] for its best practices in sustainability. It has also been included in the CDP Climate Leadership Index 2014 Performance index, which lists the 187 world companies that have received the highest rating for its performance in the fight against climate change.[7]

Major projectsEdit

 
Ting Kau Bridge in Hong Kong

Major projects involving the company include the Torre Europa completed in 1985,[8] the Ting Kau Bridge in Hong Kong completed in 1998,[9] the Gare do Oriente in Lisbon completed in 1998,[10] El Museu de les Ciències Príncipe Felipe completed in 2000,[11] the German Chancellery completed in 2001,[12] the King Abdullah University Hospital completed in 2002,[13] the Alqueva Dam completed in 2002,[14] and the El Palau de les Arts Reina Sofía completed in 2005.[15]

As part of a Public Private Partnership with the New South Wales State Government, Acciona was responsible for delivering the infrastructure for the Sydney CBD and South East Light Rail project which was completed in April 2020.[16] Acciona is suing the government seeking $1.1 billion in additional funding, claiming the government minimized the amount of subterranean utility works that would be required.[17]

Another Public Private Partnership has been signed with the São Paulo State Government under which Acciona will undertake the construction works for and operate Line 6-Orange of São Paulo Metro which is due to be completed in 2024.[18]

In January 2018 Acciona signed a EUR 100 million loan with the European Investment Bank. The European Fund for Strategic Investments is a European Union initiative designed to provide financial support for innovative companies. EFSI works with companies which are considered risky because their untested technologies or have products with a limited track record. Acciona will use the loan to expand its research in renewable energy, infrastructure, water and digitalisation to increase efficiency in the construction and operation of its electricity-generation plants. It will also develop sustainable biological water treatment and purification processes and develop ways to recycle waste and in building environmentally friendly infrastructure.[3][19]

The company is testing prefabricated components which are lighter and less expensive to transport whilst maintaining high strength. Acciona built the first lighthouse in the world constructed of prefabricated products, in Valencia, Spain. [3]

ReferencesEdit

  1. ^ a b c "Annual Report 2018" (PDF). Acciona. Retrieved 13 December 2019.
  2. ^ "Website". Acciona. Retrieved 18 November 2011.
  3. ^ a b c "Acciona expands its research to stay innovative in sustainable development and renewable energy". European Investment Bank. Retrieved 13 October 2020.
  4. ^ "Acciona Investor presentation" (PDF). Archived from the original (PDF) on 3 October 2011. Retrieved 2 December 2011.
  5. ^ "Overvalued relative to peers, but may deserve another look". Capital Cube. Archived from the original on 16 January 2016. Retrieved 21 September 2015.
  6. ^ Sustainability Yearbook 2015 Archived 23 September 2015 at the Wayback Machine
  7. ^ CDP Climate Leadership Index 2014 Performance index
  8. ^ "Torre Europa on Structurae database" (in German). En.structurae.de. Retrieved 2 December 2011.
  9. ^ "Ting Kau Bridge on Structurae database" (in German). En.structurae.de. 18 May 1998. Retrieved 2 December 2011.
  10. ^ Gare do Oriente on Acciona website Archived 2 February 2008 at the Wayback Machine
  11. ^ "El Museu de les Ciències Príncipe Felipe on Structurae database" (in German). En.structurae.de. Retrieved 2 December 2011.
  12. ^ "German Chancellery on Structurae database" (in German). En.structurae.de. Retrieved 2 December 2011.
  13. ^ King Abdullah University Hospital on Acciona Website Archived 2 February 2008 at the Wayback Machine
  14. ^ "Alqueva dam on Structurae database" (in German). En.structurae.de. Retrieved 2 December 2011.
  15. ^ "Palau de les Arts Reina Sofía on Structurae database" (in German). En.structurae.de. 27 November 2008. Retrieved 2 December 2011.
  16. ^ Sydney’s new light rail is now open from Circular Quay to Kingsford Transport for NSW 3 April 2020
  17. ^ Haydar, Nour; Wylie, Brooke (2018). "Sydney light rail sub-contractor Acciona seeking $1.1 billion after claiming it was misled". ABC News. Retrieved 16 April 2018.
  18. ^ Cunha, Joana (4 July 2020). "Espanhóis assinam contrato para retomar obra da linha 6 do metrô de SP" (in Portuguese). Folha de S. Paulo. Retrieved 6 July 2020.
  19. ^ "Investment Plan for Europe: EIB grants EUR 100 million loan to Acciona to boost its innovation and digitalisation strategy". European Commission - European Commission. Retrieved 13 October 2020.

External linksEdit