The company, the Government and the unions will draw up agreements that allow anticipating the impact that the closure of the facilities will entail and propose alternatives in them.

EDP has signed the Agreement for a Just Energy Transition for its coal-fired power plants in closure with the Government and union representation. The main objective of this agreement is the maintenance and creation of activity and employment in the areas where the facilities are located, for which Just Transition Agreements will be drawn up to anticipate the impact that their closure will entail.

The agreement has been signed in Madrid by the Fourth Vice President of the Government and Minister for the Ecological Transition and the Demographic Challenge, Teresa Ribera; the Minister of Labor and Social Economy, Yolanda Díaz; the Secretary General of UGT FICA, Pedro Hoja; the Secretary General of CCOO Industria, Agustín Martín; and the CEO of EDP Spain, Rui Teixeira.

In order to maintain and create activity and employment, the agreements must facilitate the accompaniment of sectors and groups at risk, the fixation of the population in rural territories and the promotion of diversification and specialization consistent with the socioeconomic context. Thus, the resources of the areas where the power plants are located will be used and investments will be attracted, promoting industrial alternatives linked to the energy transition.

EDP has four coal-fired generation facilities in Spain: Aboño, Soto de Ribera, Puente Nuevo and Los Barrios. The company has already requested the closure of three of them, with the exception of Aboño, but it is a facility also affected by the context of plant closure and participates in the just transition objectives.

The company maintains a firm commitment to the energy transition and supports the reduction of CO2 emissions in a context of Just Transition. In this sense, and as contemplated in its Strategic Plan 2021-2025, EDP will stop producing with coal from 2025 and will become the first 100% green utility in 2030.

These ambitious objectives require the development of alternative projects in which EDP is already working, as the driving force behind the energy transition. These are initiatives that guarantee local development, boost the economy and generate quality employment.

These projects are part of the support plan that EDP has included in this Just Transition Agreement. In addition, the company contemplates relocation plans for its own personnel; the prioritization of employees of collaborating companies in tasks related to the new proposed activities and the dismantling and restoration of the power plants; support in the proactive search for investors and participation in the drafting of transition agreements; and collaboration in the support plan for professional training and job placement to guarantee improved employability.