Endesa Starts the Construction of a New Wind Farm.

Business Editors

NEW YORK--(BUSINESS WIRE)--Sept. 3, 2003

Endesa (NYSE: ELE)

-- It will produce green energy enough to supply 178,000 people.

-- With an installed capacity of 75.9 MW, it will require an

investment of Euro 65 million

Endesa (NYSE: ELE), through its subsidiary ECYR (Endesa Cogeneracion y Renovables), is starting the construction of Fonsagrada-Punago wind farm, which will be able to supply green energy to half of the residents of the province of Lugo, 178,000 people. The total installed capacity will reach 75.9 MW, through 115 aerogenerators. Total net production will be 207.5 GWh/year.

Total investment will be Euro 65 million. The first tests are expected to take place at the end of the present year.

This wind farm will allow Endesa to reduce emissions by 275,000 tons of CO2, 5,277 tons of SOx and 810 tons of NOx annually, some of the principal contributors to the greenhouse effect.

In 2002, the windfarms participated by ECYR produced a total of 1,556 GWh, a 18.19% of the national wind generation (8,556 GWh). The ECYR wind installed capacity in Spain amounts to 780 MW, representing a 20% market share.

Endesa has the highest eolic implementation in Galicia, where it manages six wind farms with a total installed capacity of 315 MW. The 75.9 MW of Fonsagrada-Punago will be added shortly and Endesa expects to build another 200 additional MW in the next few years. The company has also an important presence in wind farms in Castilla y Leon (187.53 MW), Aragon (131.96 MW), Andalusia (90.06 MW) and the Canary Islands (57.47 MW).