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Chairman of Spanish grid operator to resign tomorrow

Author: Rennett Stowe. License: Creative Commons, Attribution 2.0 Generic.

January 27 (Renewables Now) - Jordi Sevilla, the CEO of Red Electrica Corporacion SA (BME:REE), the partly state-owned company that operates the Spanish power transmission system, will tomorrow tender his resignation, REE informed in a regulatory filing on Monday.

Sevilla’s resignation is owed to disagreements with the minister for ecological transition and fourth deputy prime minister, Teresa Ribera, according to multiple media reports quoting unnamed sources.

La Vanguardia reported that Sevilla had been mulling to quit REE for some time and finally resolved after differences with Ribera became more pronounced in recent months. Sources further claim that Sevilla complained to his close associates that Ribera treats REE as a sub-directorate of her ministry.

At present, the government holds a 20% stake in REE through state holding company SEPI.

Sevilla was appointed REE chairman in July 2018. During his tenure, REE oversaw the commissioning of a record 6,456 MW of renewable energy capacity in 2019, expanded the substation system and launched the Balearic Islands interconnection projects, among other contributions.

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Sladjana has significant experience as a Spain-focused business news reporter and is now diving deeper into the global renewable energy industry. She is the person to seek if you need information about Latin American renewables and the Spanish market.

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