Spanish utility Endesa SA (<a href="https://www.bolsasymercados.es/bme-exchange/es/Mercados-y-Cotizaciones/Acciones/Mercado-Continuo/Ficha/Endesa-ES0130670112" target="_blank">BME:ELE</a>) said on Wednesday its net ordinary profit plunged by 50.8% year-on-year to EUR 292 million (USD 313.8m) in the first quarter of 2024, continuing a streak of no growth due to Spain’s <a href="https://renewablesnow.com/news/spains-congress-votes-yes-on-windfall-tax-for-energy-companies-806177/" target="_blank">1.2% windfall tax</a> on energy revenues.