Acciona

Acciona, S.A. is a Spanish multinational conglomerate dedicated to the development and management of infrastructure (construction, water, industrial and services) and renewable energy. The company, via subsidiary Acciona Energía, produces 21 terawatt-hours of renewable electricity a year.[2]

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.

History

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.[3] In 1997 the company merged with Entrecanales y Tavora, a firm founded in 1931, to form

Major projects

Major projects involving the company include the Torre Europa completed in 1985,[12] the Ting Kau Bridge in Hong Kong completed in 1998,[13] the Gare do Oriente in Lisbon completed in 1998,[14] El Museu de les Ciències Príncipe Felipe completed in 2000,[15] the German Chancellery completed in 2001,[16] the King Abdullah University Hospital completed in 2002,[17] the Alqueva Dam completed in 2002,[18] and the El Palau de les Arts Reina Sofía completed in 2005.[19]

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.[20] 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.[21]

Another Public Private Partnership has been signed with the São Paulo State Government under which Acciona undertook the construction works for and operate São Paulo Metro Line 6-Orange which is due to be partially opened in 2026.[22][23]

In January 2018 Acciona signed a 100 million euros loan with the European Investment Bank.[24] 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.[2][24]

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.[2]

In August 2022, the company won a contract worth about 485 million euros for the Victoria Park-Canning Level Crossing Removal Project to upgrade the Armadale line in Perth, Western Australia. This involved eliminating six level crossings along the train line and rebuilding five stations.[25]

type	Sociedad Anónima
traded as	bmad: ES0125220311 ANA
isin	isin: ES0125220311
foundation	1997 (1931 Entrecanales y Távora)
location	Alcobendas, Spain
key people	José Manuel Entrecanales (chairman and CEO)
revenue	€8.104 billion (2021) ‡R1R‡
operating income	€829 million (2021) ‡R1R‡
net income	€332 million (2021) ‡R1R‡
assets	€19.603 billion (2021) ‡R1R‡
equity	€5.557 billion (2021) ‡R1R‡
num employees	41,664 (average, 2021) ‡R1R‡
industry	Infrastructure (construction, water, industrial and services) and renewable energy
products	Infrastructure (construction, water, industrial and services) and renewable energy
subsid	Acciona Energía

History

Operations

Sustainability indexes

Major projects

Motorsport

External links

References