The Minister of Economy and Industry, María Jesús Lorenzana, today encouraged Galician companies to participate in the capital increase of Recursos de Galicia (RDG), which plans to raise its share capital from €43.6 million to over €100 million.
The Xunta de Galicia opens the door for small and medium-sized Galician enterprises to enter the shareholding of Recursos de Galicia (RDG), the public company that manages energy assets in the community. The Minister of Economy and Industry, María Jesús Lorenzana, held a meeting with business clusters on Wednesday to detail the terms of the planned capital increase, which could close by the end of 2026.
Currently, RDG has a share capital of €43.6 million. With this operation, it is expected that this figure will approach or exceed €100 million, as explained by the minister herself. The intention is for the company to have more financial muscle to continue investing in energy assets.
The Xunta, as the majority shareholder, will make a contribution in kind. On one hand, it will transfer the shares that the Galician Energy Institute (Inega) holds in six wind farms, with percentages ranging from 3% to 4%. On the other hand, it will integrate its 30.92% stake in Nedgia Galicia, the gas distributor.
Once this public contribution is made, the goal is for the increase to be as open as possible. “We want this capital increase to be as open as possible to all Galician companies,” said Lorenzana, who expressed hope that the clusters and business confederations would act as a voice to reach interested companies.
The minister specified that any Galician company, regardless of its size or business purpose, can participate, as long as it does not manage energy or mining assets. Currently, 32 firms are already part of RDG's capital.
The increase responds to a broader strategy by the Xunta: to reduce energy costs for industry and the population, and to ensure that the benefits from the use of natural resources return to the citizens and the municipalities in the area. “What we want is to lower energy costs for industry and the population, and also to channel the benefits from the use of all natural resources back to the citizens and the inhabitants of the surrounding municipalities,” concluded Lorenzana.
RDG already has in its portfolio the Mondigo wind farm and a 10% stake in the Doade Mine, in the municipality of Beariz, Ourense. With the new resources, the company plans to increase its investment capacity in renewable and energy infrastructure projects.
For Galician SMEs, this operation represents an opportunity to participate in a strategic sector with a public-private shareholding. The timelines suggest that the increase will be definitively approved by the end of the year, so interested companies should stay alert to the details that will be communicated through the clusters.
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