ENDESA Completes Construction of the Fonsagrada-Punago Wind Power Complex with Installed Capacity of 75.9 MW

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Spanish Energy producer ENDESA (ELE) will have 75.9 MW of additional wind power in Galicia, now that its subsidiary, ECYR, (ENDESA Cogeneracion y Renovables) has completed construction of the Fonsagrada-Punago wind power complex in the Province of Lugo. ENDESA currently has operative installed wind energy capacity totalling 999 MW, with an additional 163 MW under construction, giving it a national market share of 16.6 %. Year to date, the Company has brought 4 wind parks into operation, representing 77 MW, while it has commenced construction on 7 new farms, which will add 163 MW to current installed capacity. [ more ] This company’s chart is beautiful and it has been added to my watch list. I would be a buyer of this stock below $19. It has been trading in an upward channel for many years. While this is not my typical AltE stock, they are making a strong move into that space.