Acciona

Acciona, S.A.
Company typeSociedad Anónima
BMAD: ANA
ISINES0125220311
IndustryInfrastructure (construction, water, industrial and services) and renewable energy
Founded1997 (1931 Entrecanales y Távora)
HeadquartersAlcobendas, Spain
Key people
José Manuel Entrecanales (chairman and CEO)
ProductsInfrastructure (construction, water, industrial and services) and renewable 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.com Edit 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 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 NECSO Entrecanales Cubiertas S.A.. It was subsequently renamed Acciona.[4]

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

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

Operations

The group is organised as follows:[9]

Sustainability indexes

Acciona obtained the distinctive RobecoSAM 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

Ting Kau Bridge in Hong Kong

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]

Motorsport

In November 2020, it was announced that multiple-time World Rally Championship and Dakar Rally champion Carlos Sainz Sr. would team up with QEV Technologies to form Acciona | Sainz XE Team to join the all-electric SUV off-road racing series Extreme E in the inaugural season with Sainz alongside multiple-time Women's Trial World Champion and Women's Trial European Champion Laia Sanz as the drivers line-up.[26] The team finished in sixth and third in the teams' championship in the 2021 and 2022 seasons respectively. In the 2023 season, the team won their first race in Extreme E in Round 2 at the Desert X-Prix.[27]

References

  1. ^ a b c d e f "FY 2021 Results. January-December" (PDF). Acciona. Retrieved 26 February 2022.
  2. ^ a b c "Acciona expands its research to stay innovative in sustainable development and renewable energy". European Investment Bank. Retrieved 13 October 2020.
  3. ^ "Acciona Investor presentation" (PDF). Archived from the original (PDF) on 3 October 2011. Retrieved 2 December 2011.
  4. ^ "The shareholders meetings of Entrecanales and Covers approve the merger". El Pais. 17 March 1997. Retrieved 25 May 2022.
  5. ^ Lendlease stuck with losers after engineering sale to Acciona Australian 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 sale Lendlease 9 September 2020
  8. ^ "Spain's six top builders fined, restricted over bidding collusion". Reuters. 7 July 2022. Retrieved 15 March 2024.
  9. ^ "Overvalued relative to peers, but may deserve another look". Capital Cube. Archived from the original on 16 January 2016. Retrieved 21 September 2015.
  10. ^ "Sustainability Yearbook 2015" (PDF). Archived from the original (PDF) on 23 September 2015.
  11. ^ "CDP". www.cdp.net.
  12. ^ "Torre Europa on Structurae database" (in German). En.structurae.de. Retrieved 2 December 2011.
  13. ^ "Ting Kau Bridge on Structurae database" (in German). En.structurae.de. 18 May 1998. Retrieved 2 December 2011.
  14. ^ "ACCIONA | BUSINESS AS UNUSUAL". www.acciona.com. Archived from the original on 2 February 2008.
  15. ^ "El Museu de les Ciències Príncipe Felipe on Structurae database" (in German). En.structurae.de. Retrieved 2 December 2011.
  16. ^ "German Chancellery on Structurae database" (in German). En.structurae.de. Retrieved 2 December 2011.
  17. ^ "ACCIONA | BUSINESS AS UNUSUAL". www.acciona.com. Archived from the original on 2 February 2008.
  18. ^ "Alqueva dam on Structurae database" (in German). En.structurae.de. Retrieved 2 December 2011.
  19. ^ "Palau de les Arts Reina Sofía on Structurae database" (in German). En.structurae.de. 27 November 2008. Retrieved 2 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. Retrieved 16 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. Retrieved 6 July 2020.
  23. ^ Meier, Ricardo (1 June 2023). "Linha 6-Laranja será aberta parcialmente em 2026". Metrô CPTM (in Brazilian Portuguese). Retrieved 10 January 2024.
  24. ^ a b "Investment Plan for Europe: EIB grants EUR 100 million loan to Acciona to boost its innovation and digitalisation strategy". European Commission - European Commission. Retrieved 13 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. Retrieved 16 September 2023.
  27. ^ "Carlos Sainz's team claim long-awaited victory at Desert X Prix Round 2 in NEOM". Arab News. 13 March 2023. Retrieved 16 September 2023.