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Ree Inc company history timeline

2001

In this period, the Company's international expansion also begins with the investment in the Peruvian company REDESUR. It is the first step in the founding of Red Eléctrica Internacional (2001), subsequently the Bolivian company "Transportadora de Electricidad" (TDE) is acquired.

2006

At a national level, work regarding renewable energy becomes ever more relevant during these years, therefore the Cecre (Control Centre of Renewable Energies) was created in 2006, a pioneering centre for the control and integration of renewable energy.

2010

"To transfer the corporate website of RED ELÉCTRICA CORPORACIÓN, S.A., which will become www.redeia.com, in accordance with the provisions of Article 11 bis of Royal Legislative Decree 1/2010, of July 2, which approves the Spanish Capital Companies Act."

2011

Following the asset acquisition, in 2011 the Grid Asset Improvement project is implemented to adapt island facilities to the quality standards of mainland infrastructures.

2012

José Folgado has served as chairman of Red Eléctrica since 2012.

2013

On 27 December 2013, the Council of Ministers approves the Royal Decree establishing a new remuneration framework for electricity transmission activity in Spain—a remuneration model with a clearer, more stable and more transparent methodology.

Also in 2013, the Shareholders’ Meeting approves the creation of the Independent Coordinator Director, in accordance with international best practices in corporate governance.

2014

On 13 November 2014, a definitive agreement is reached with the Bolivian government for economic compensation following the nationalisation of the company TDE.

2015

In 2015, the milestone of the Spain-France underground interconnection is achieved, a pioneering project that doubles the electricity exchange capacity between France and Spain.

2020

The Board of Directors of Red Eléctrica Corporación, S.A., at its meeting held on 25 February 2020, has adopted the appointment Ms.

Pre-sensitive information up to February 2020

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Founded
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Headquarters
Beaumont, TX
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Founders
Mr. Daniel Barel,Ahishay Sardes
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Ree Inc may also be known as or be related to R.E.E. Holding, Inc., REE INC., REE Inc, Ree and Ree Inc.