Ferrovial is not limited to the management and development of its traditional businesses; it is always interested in the search for ways to respond to new social needs. Projects and opportunities that provide differential value based on the company’s experience and background, and that respond to the changing habits of urban society. Energy, mobility and the circular economy are evidence of this commitment and this effort.

ACTIVITIES

Chile and Spain are the two main markets for Energy Infrastructure. Ferrovial has one transmission line already operational in Chile, which was acquired in 2016, and another under construction, the Centella project. In Spain, it has a 50 MWp photovoltaic plant under construction, located in Seville, as well as a portfolio of generation projects in their early stages of development exceeding 2-3 GW.

Zity is the main asset in Mobility. It is an electric carsharing company, already operating in Madrid, Paris, Lyon and Milan. The fleet consists of 1,500 vehicles, recharged with 100% renewable energy. Ferrovial has a 50% stake in this project developed jointly with Renault.

In Mobility, the minority stake in Inspiration Mobility is another project for the future. This North American company invests in the electric vehicle sector, both in cars and associated charging infrastructures.

The Circular Economy remains another important area of the division’s activity. It has four municipal solid waste (MSW) treatment centers, located in Yorkshire, Milton Keynes, Cambridge and Isle of Wight. Each of them is associated with a concession contract with different local authorities. Together they have a capacity to treat some 800,000 tons per year. This business comes from its former Services division, as do those in Chile and Spain. In the Andean country, its activity continues to focus on providing services to large-scale copper mining, such as maintenance, hoisting or management of the electrical loop. In Spain, it retains a 24.7% stake in Serveo, a company focused on providing auxiliary services to public and private clients.

STRATEGY

Ferrovial is positioned as a preferred industrial partner, providing value in the development, financing, construction, operation and rotation of assets. Based on its experience, it plans to take advantage of business opportunities while maintaining a balance between risk and profit. The division is an active part of the company’s ESG strategy, focused on the fight against climate change and the decarbonization of the economy, always in line with the Horizon 24 Strategic Plan.

In a sector subject to constant change, the company intends to use, together with its own resources, its participation in industrial ecosystems, developing and investing in technologies that enable growth in profitable businesses. The activity will focus on Ferrovial’s preferred geographies, especially the United States, Spain, Chile and Poland.

POTENTIAL BUSINESS DEVELOPMENTS

The future of energy infrastructure and mobility depends largely on five rapidly evolving trends:

• The need and willingness to have a greater degree of energy autonomy at the regional, national and supranational levels.
• National, regional and local regulation on economic incentives or disincentives to CO₂ production, use of public spaces, regulation of planning and rights to energy assets, etc.
• Social changes driven by growing awareness of climate change and the trend towards individual preferences for more personalized services. This phenomenon has been accelerated by the COVID-19 pandemic.
• Variations in asset costs due to technological advancement that have been altered by rising inflation, shortages of certain components and logistical stresses.
• New products, services and business models driven by technological and process innovation.

Despite the uncertainty of the evolution of these five points, there is a certainty of further electrification and a different concept of personal mobility, especially in cities.