At the COP25 Summit in Madrid, Endesa’s CEO Jos Bogas announced two renewable energy projects, one of them gigawatt-scale and with a 160 MW battery system, to compensate for the closure of two of its five coal plants in Spain. The decision is motivated by a variety of EU regulations and directives, including rising C02 taxes, additional environmental upgrades required for coal plants, and the closure in 2018 of 26 unprofitable Spanish coal mines. Endesa is a Spanish subsidiary of Enel, and with the closure of the Compostillas and Teruel coal plants, it will only retain three coal plants in Spain, totalling 3 GW. Those plants will also close by 2025, and Endesa’s coal plants already produced only half the power…