Navarra is a pioneer in the generation of renewable energy, a leadership position it has gained thanks to the strategic vision designed by the Government of Navarra in the 1990s that had its origins in the creation of Energía Hidroeléctrica de Navarra (EHN), now Acciona Energía.
In 1989 the Government of Navarra drove the creation of EHN with the aim of reducing our energy dependence through the exploitation of renewable energies, initially mini hydro and later wind, solar and biomass.
The new company would make use of natural and public resources, so the presence of public capital in its stockholder structure was essential. Caja Navarra supported Sodena as an institutional partner, together with Iberdrola and Cementos Portland as technological and industrial partners.
EHN was born in a context in which environmental problems linked to the production and consumption of energy started to raise concern. Fully aware of this, in 1991 the company started to install automatic meteorological stations in different points of our territory to evaluate its wind and solar resources. The information provided by these stations confirmed the enormous potential available.
EHN nació en un contexto en el que los problemas ambientales vinculados a la producción y consumo de energía empezaban a suscitar inquietud. Consciente de ellos, en 1991 la empresa comenzó a instalar estaciones meteorológicas automáticas en diferentes puntos de nuestro territorio para evaluar su potencial eólico y solar. La información que arrojaron esas estaciones confirmó el enorme potencial disponible.
In December 1994, the company put its first wind farm into service on the El Perdón mountain range near Pamplona. This was preceded by a major effort of communication to all stakeholders involved about the raison d’être of the project and its energy, economic, environmental and social advantages.
EHN also propitiated the creation of Gamesa Eólica in 1994. This company was its only customer in the early years, making possible its expansion through the biggest order for wind turbines ever placed in the world.
The wind farm’s good results led to a Wind Power Plan for 1995-2000. Once the wind power map for Navarra was completed, and incorporating the boost provided by new renewable technologies, Sodena sold its package of stocks to the Acciona business group in 2004.
This operation, in addition to providing an excellent financial yield for Sodena and a payout of dividends to its stockholders, increased our company’s prestige as a publicly-owned venture capital company at national and international level.
Sodena’s participation in EHN (now Acciona Energía) enabled the creation, development and consolidation of an industrial fabric based on renewable energies, diversifying existing sectors and creating wealth and jobs. This is how our territory became a world benchmark in the field.
Carlos Fernández Valdivielso
Managing Director, Sodena