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ENDESA (NYSE:ELE): -- The wind farm complex, located in the region of Galicia, has installed capacity of 161 MW and delivers energy to the grid via the Tesouro substation in As Pontes (La Coruna) -- Investment in the project totalled over Euro 150 million. -- This is a new operational model for the group compared to the previous system under which smaller farms were managed separately. By operating these installations in a coordinated fashion Endesa will be able to optimise the management of the complex. -- The integrated operation and management of the plants will increase availability at the installations, thereby increasing their joint production. The Carballeira wind farm, constructed by ENDESA (NYSE:ELE) subsidiary, Endesa Cogeneracion y Renovables (ECYR), has been connected to the grid. This completes the construction of the group's largest wind farm complex, which also includes the Bustelo and Faladoira plants, located in the area of As Pontes (A Coruna) and Xermade (Lugo). The wind farm complex has total installed capacity of 161 MW and is connected to the grid through via the Tesouro substation in As Pontes. The Carballeira wind farm, the last to be completed, has installed capacity of 24.42 MW, with 37 660kW wind turbines expected to produce 65,580 MW of energy a year. This would supply the consumption needs of 13,780 households and reduce crude imports by 100,125 barrels. Investment in the Tesouro project totalled over Euro 150 million and the bulk of the goods and services required for the project were acquired locally through several supply companies established in the region under the supervision of Endesa. This wind farm complex is a new operational model for the group compared to the previous system under which smaller farms were managed separately. By operating these installations in a coordinated fashion Endesa will be able to optimise the management of the complex, thereby improving the predictability of production. This latter concept -which is the guarantee of a specified volume of power generated over a determined period- is the biggest challenge facing the wind energy sector in the near future. The integrated operation and management of the complex will increase availability at the plants, increasing their joint production. Endesa's aim is to contribute to the development of this energy source and to the development of Galicia in general by building additional installed capacity of more than 800 MW over the next five years. This will come on top of the 600 MW of capacity envisaged in the current Wind Energy Plan - already at an advanced stage of development. Endesa has turned As Pontes and its surroundings into the first big power generation centre in Spain. The project is also an example of the Company's policy to diversify its energy mix and minimise the environmental impact of its plants. Today, Endesa has capacity of 1,400 MW in coal-fired plant and 60 MW of hydro capacity, with a further 800 MW of CCGT capacity coming on stream shortly - in addition to the 161 MW of wind power capacity. * This document may contain certain forward-looking statements regarding anticipated financial and operating results and statistics that are subject to risks and uncertainties as well as to material risks, changes and other factors which may be difficult to predict, including, without limitation, those factors described in the Folleto Informativo Continuado of Endesa filed within the Comision Nacional del Mercado de Valores and in the Form 20-F of Endesa filed within the Securities and Exchange Commission, both for the fiscal year ended December 31, 2003. For all of these forward-looking statements, we claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995.