Red Eléctrica de España has sponsored conservation of 6,000 square meters of Posidonia oceanica within the Save Posidonia Project, launched by the Consell de Formentera.
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Through this initiative and with a contribution of 6,000 Euros, Red Eléctrica supports the Save Posidonia Project, whose objective is promoting sustainable tourism and promoting an action plan aimed at conserving posidonia on the island of Formentera through donations from individuals, companies and national and international organizations.
Collaborating in this project is part of the company’s commitment to conserve this species that has great ecological value for marine systems in the Mediterranean. In this regard, Red Eléctrica has developed a R+D+i project with the Mediterranean Institute of Advanced Studies (IMEDEA, CSIC-UIB), to actively restore degraded prairies of Posidonia oceanica. It recently has been recognized as the “Good practice of the year” award by the organization Renewables Grid Initiative (RGI).
In addition, Red Eléctrica collaborated last year with the Department of Environment, Agriculture and Fishing of the Balearic Government to distribute informative reports, intended to raise awareness about good anchoring practices, in order to prevent situations affecting Posidonia oceanica or submarine electricity cables.
These initiatives are associated with the submarine electricity interconnection projects that Red Eléctrica undertakes in the archipelago that reinforces the security of the electricity supply and allows the reduction of costs for the system, making it possible to integrate new developments in renewable energy, and reduce CO2 emissions.
The Red Eléctrica Group has been recognized as the best company in the world in sustainability in the Electric Utilities sector by the Dow Jones Sustainability Index (DJSI). Its commitment to sustainability has the objective of contributing to economic, social and environmental development, in addition to encouraging progress, culture and the social welfare of the areas where the company is present.