Redeia Corp U/Adr (RDEIY) Q2 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, ladies and gentlemen. We're starting our presentation for the results of the first half of 2024. We welcome all those who follow us over the phone and on the website. With us are Roberto García Merino, Chief Executive Officer, and Emilio Cerezo, Chief Financial Officer. I now give the floor to our CEO, Roberto García Merino. Thank you, Sol. And good morning, everyone. Welcome. And thank you for attending this presentation, where we're going to be sharing the most relevant milestones of the first half of the 2024 financial year with you, looking at Redella's performance and the results of the group's performance over the period. We'll wrap up giving you our vision for this year and reviewing progress in achieving the targets under our current 2021-25 strategy plan. Moreover, at the end of the presentation, we'll open the floor to Q&A and we hope to answer any questions you might have. So, let me start the presentation by identifying the highlights of the period. Electricity grids are essential in the transformation towards a more efficient, more resilient and environmentally responsible system. And at Redella, we know that we have a unique opportunity leading the deployment of transmission grids to achieve an emission-free model. We continue to make progress then in our commitment to fight against climate change and proof of this is the percentage of renewables we've got in the first half of 2024 in our national generation mix. That's continued to increase to average levels of around 60%. Now with this boost to renewables, 78.4% of the energy generated in the first half of the year came from emission-free sources. The mainland generation structure continues to be led by wind energy, although we've also seen a notable advance in photovoltaic solar energy,...