Ferrovial plans to make the leap to the US in its energy business

Within its Construction division, Ferrovial is promoting its energy efficiency business, with a focus on Spain for now, but with a mid-term mandate to make an international leap. In this strategy, the United States, a priority market for the group’s construction company and transport infrastructure operators, emerges as a priority. It also sees opportunities in other regions, highlighting Canada, Latin America or Australia.

Ferrovial’s energy solutions unit (Energy Solutions), directed by ex-Abengoa María José Esteruelascombines the engineering and construction of renewable generation facilities, the construction of transmission and distribution infrastructure, and energy efficiency services such as public and building lighting. Duration, The group also has the Mobility and Energy Infrastructure division. Piloted by Gonzalo Nieto, the project covers construction projects, financing, operation and maintenance of transmission lines and renewable power plants.

It currently manages more than 300 gigawatts (GWh) and is currently focusing its operations on Spain.

The company has been in this energy solutions business for 11 years, a large part of which was excluded from the sale of Ferrovial Services and was included in the Construction field last year. It currently manages more than 300 gigawatts (GWh). One-third of them are in gas projects, two-thirds in electricity projects; and a quarter of them corresponds to lighting. Although it has developed projects in Australia and Portugal in the past, it is currently focusing its activities on Spain. It has a project portfolio worth 200 million Euros., but their projections point to a growth of around 10% per year until 2027, thus surpassing the 6% predictions for the market as a whole. “We are starting from a position where we are the leading Spanish energy services company in the market in terms of portfolio and we want to consolidate that,” David Pocero, director of Energy Efficiency at Ferrovial, tells ‘elEconomista.es’.

In current practice -by August- this section He signed contracts of around 50 million euros. Among the latter stands out the one related to the comprehensive management of outdoor lighting in the municipality of Picanya, located in Valencia. The value of the 15-year project is 6.9 million Euros.

Pocero is an “important contract to bring point-to-point technology, to tailor it to real needs and save a little more money.” “It makes us more competitive”.

growing opportunities

Motril (Granada), Haro (La Rioja), Alcazar de San Juan and Miguelturra (Ciudad Real), El Rosario (Tenerife) and Xátiva (Valencia) have more than 25,000 Managed light points. Ferrovial has 42 energy service projectsThese include the public lighting in Madrid, the town halls in Vitoria, the hospital complex in Santiago de Compostela or the Txomin Enea heating network in San Sebastián.

“There is now a lot of activity in public lighting in Spain because the switch to LED is a clear opportunity for energy savings”

The portfolio’s growth prospects are based on the growing opportunities offered by the market. “There is now a lot of activity in public lighting in Spain because the switch to LED is an obvious opportunity for energy savings,” explains the manager. A scenario drawn before the current instability resulting from the war in Ukraine. “We don’t see a huge acceleration in terms, but this bullish trend remains and Much needs to be done in four or five years to replace public lighting with LEDs‘ adds.

Besides public lighting, Ferrovial also focuses on complex buildings such as hospitals, cultural centers or congresses. Meanwhile, it also sees growth potential in above-the-counter projects in production and distribution. “I think there will be very significant growth in the local energy communities,” Pocero says. And finally, “We want to increase our presence” in the industrial field.

There is ambition to expand the division in the USA, Canada, South America, Australia and other geographies.

Regarding its geographical location, Ferrovial currently operates energy services activities in Spain, but “we have real experience in projects in other countries (Australia and Portugal) and we have a goal to grow it” in the United States, Canada, South America, Chile especially in Australia and other geographies.

The company operates on both private and public contracts with a duration of between five and 20 years. Investing in energy efficiency projects, Ferrovial has used its own resources to date, but is analyzing options to include financial partners to boost its growth.. It’s a prospect that yields integers for its international expansion, and especially in the United States, where contracts can be between 500 and 1,000 million, well above the usual numbers of 10 to 30 million in Spain. In the US market, which is a priority for Energy Solutions, and where Ferrovial already has a very prominent presence in public works and highway operations, “There are production projects, energy efficiency projects in the area of ​​other building types, such as universities and palaces conferences, or elementary schools,” says Pocero. “We want to move forward quickly,” he concludes.

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Subsidiary Energy Solutions expects to beat the market and grow 10% annually by 2027.

public lighting contract

Ferrovial has recently won the tender for comprehensive outdoor lighting management in the municipality of Picanya in Valencia. Under an energy services contract model (ESC), LED technology will replace 2,884 public lighting fixtures with fountain lighting and ornamental lighting. The scope of duties also includes the operation and maintenance of city-wide public lighting, traffic lights, fountains or poles. Point-to-point telemanagement will also be installed for all public lighting fixtures.To promote energy saving and efficiency. These initiatives will allow consumption to be reduced by 50%, which translates into a reduction of 225 tonnes per year in CO2 emissions.

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