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Acciona

From Wikipedia, the free encyclopedia
Spanish engineering company

Acciona, S.A.
Headquarters inMadrid
Company typeSociedad Anónima
BMADANA
ISINES0125220311
IndustryInfrastructure (construction, water, industrial and services) andrenewable energy
Founded1997(1931 Entrecanales y Távora)
HeadquartersAlcobendas, Spain
Key people
José Manuel Entrecanales (chairman and CEO)
ProductsInfrastructure (construction, water, industrial and services) andrenewable energy
RevenueIncrease €8.104 billion(2021)[1]
Increase €829 million(2021)[1]
Decrease €332 million(2021)[1]
Total assetsIncrease €19.603 billion(2021)[1]
Total equityIncrease €5.557 billion(2021)[1]
Number of employees
41,664(average, 2021)[1]
SubsidiariesAcciona Energía
Websitewww.acciona.comEdit this at Wikidata

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

The company was founded in 1997 through the merger ofEntrecanales y Tavora andCubiertas y MZOV. The company's headquarters is inAlcobendas,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 isIBEX 35-listed and an industry benchmark.

History

[edit]

The company can trace its origins back toMZOV, a firm founded in 1862. In 1978MZOV merged withCubiertas y Tejados, a business founded in 1916, to formCubiertas y MZOV.[3] In 1997 the company merged withEntrecanales y Tavora, a firm founded in 1931, to formNECSO Entrecanales Cubiertas S.A.. It was subsequently renamedAcciona.[4]

In September 2020, Acciona purchasedLendlease's Australian engineering business.[5][6][7]

In July 2022, the company was fined €29.4 million, along with five other contractors, by theComisión Nacional de los Mercados y la Competencia (CNMC) for bidding collusion in public tenders for building and civil infrastructure works.[8]

Operations

[edit]

The group is organised as follows:[9]

Sustainability indexes

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Acciona obtained the distinctiveRobecoSAM Silver Class 2015 in the Electric Utilities sector under the Sustainability Yearbook 2015[10] 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.[11]

Major projects

[edit]
Ting Kau Bridge in Hong Kong

Major projects involving the company include theTorre Europa completed in 1985,[12] theTing Kau Bridge in Hong Kong completed in 1998,[13] theGare do Oriente in Lisbon completed in 1998,[14]El Museu de les Ciències Príncipe Felipe completed in 2000,[15] theGerman Chancellery completed in 2001,[16] theKing Abdullah University Hospital completed in 2002,[17] theAlqueva Dam completed in 2002,[18] and theEl Palau de les Arts Reina Sofía completed in 2005.[19]

As part of aPublic Private Partnership with theNew South Wales State Government, Acciona was responsible for delivering the infrastructure for the SydneyCBD 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 theSão Paulo State Government under which Acciona undertook the construction works for and operateSão Paulo MetroLine 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] TheEuropean 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 theVictoria Park-Canning Level Crossing Removal Project to upgrade theArmadale line inPerth, Western Australia. This involved eliminating sixlevel crossings along the train line and rebuilding five stations.[25]

Motorsport

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In November 2020, it was announced that multiple-timeWorld Rally Championship andDakar Rally championCarlos Sainz Sr. would team up with QEV Technologies to form Acciona |Sainz XE Team to join theall-electric SUVoff-road racing seriesExtreme E in theinaugural season with Sainz alongside multiple-time Women's Trial World Champion and Women's Trial European ChampionLaia Sanz as the drivers line-up.[26] The team finished in sixth and third in the teams' championship in the 2021 and2022 seasons respectively. In the2023 season, the team won their first race in Extreme E in Round 2 at theDesert X-Prix.[27]

References

[edit]
  1. ^abcdef"FY 2021 Results. January-December"(PDF). Acciona. Retrieved26 February 2022.
  2. ^abc"Acciona expands its research to stay innovative in sustainable development and renewable energy".European Investment Bank. Retrieved13 October 2020.
  3. ^"Acciona Investor presentation"(PDF). Archived fromthe original(PDF) on 3 October 2011. Retrieved2 December 2011.
  4. ^"The shareholders meetings of Entrecanales and Covers approve the merger".El Pais. 17 March 1997. Retrieved25 May 2022.
  5. ^Lendlease stuck with losers after engineering sale to AccionaAustralian Financial Review 19 December 2019
  6. ^Acciona completes the acquisition of Lendlease Engineering's ongoing business Acciona 9 September 2020
  7. ^Lendlease announces completion of Engineering saleLendlease 9 September 2020
  8. ^"Spain's six top builders fined, restricted over bidding collusion".Reuters. 7 July 2022. Retrieved15 March 2024.
  9. ^"Overvalued relative to peers, but may deserve another look". Capital Cube. Archived fromthe original on 16 January 2016. Retrieved21 September 2015.
  10. ^"Sustainability Yearbook 2015"(PDF). Archived fromthe original(PDF) on 23 September 2015.
  11. ^"CDP".www.cdp.net.
  12. ^"Torre Europa on Structurae database" (in German). En.structurae.de. Retrieved2 December 2011.
  13. ^"Ting Kau Bridge on Structurae database" (in German). En.structurae.de. 18 May 1998. Retrieved2 December 2011.
  14. ^"ACCIONA | BUSINESS AS UNUSUAL".www.acciona.com. Archived fromthe original on 2 February 2008.
  15. ^"El Museu de les Ciències Príncipe Felipe on Structurae database" (in German). En.structurae.de. Retrieved2 December 2011.
  16. ^"German Chancellery on Structurae database" (in German). En.structurae.de. Retrieved2 December 2011.
  17. ^"ACCIONA | BUSINESS AS UNUSUAL".www.acciona.com. Archived fromthe original on 2 February 2008.
  18. ^"Alqueva dam on Structurae database" (in German). En.structurae.de. Retrieved2 December 2011.
  19. ^"Palau de les Arts Reina Sofía on Structurae database" (in German). En.structurae.de. 27 November 2008. Retrieved2 December 2011.
  20. ^Sydney’s new light rail is now open from Circular Quay to Kingsford Transport for NSW 3 April 2020
  21. ^Haydar, Nour; Wylie, Brooke (2018)."Sydney light rail sub-contractor Acciona seeking $1.1 billion after claiming it was misled". ABC News. Retrieved16 April 2018.
  22. ^Cunha, Joana (4 July 2020)."Espanhóis assinam contrato para retomar obra da linha 6 do metrô de SP" (in Portuguese). Folha de S. Paulo. Retrieved6 July 2020.
  23. ^Meier, Ricardo (1 June 2023)."Linha 6-Laranja será aberta parcialmente em 2026".Metrô CPTM (in Brazilian Portuguese). Retrieved10 January 2024.
  24. ^ab"Investment Plan for Europe: EIB grants EUR 100 million loan to Acciona to boost its innovation and digitalisation strategy".European Commission - European Commission. Retrieved13 October 2020.
  25. ^"Acciona, Part Of Winning Consortium For €485 Mn Contract In Australia".the Corner. 30 August 2022.
  26. ^"Acciona, Carlos Sainz and QEV Technologies team up to compete in Extreme E".Extreme E - The Electric Odyssey. Retrieved16 September 2023.
  27. ^"Carlos Sainz's team claim long-awaited victory at Desert X Prix Round 2 in NEOM".Arab News. 13 March 2023. Retrieved16 September 2023.

External links

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SpainIBEX 35 companies of Spain
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