Naturgy to put 800 MW of new renewable energy into operation by the end of the year

The Diplomat Naturgy plans to put into operation some 800 megawatts (MW) of new renewable energy in the remainder of the year, which would mean that the group will exceed 7.4 gigawatts (GW) of installed 'green' capacity by the end of this year. Specifically, the group chaired by Francisco Reynés will put into operation 244 MW in Spain and another 556 MW in Australia in the second half of the year, through its international renewable energy subsidiary GPG. In addition, the company has several projects financed with European funds NextGeneration in an advanced phase of development, of which 118 MW are repowering and 140 MW are storage, according to its half-yearly financial report. Naturgy currently has more than 2.2 GW of renewable capacity under construction, of which 1,000 GW are in Spain, 916 MW in Australia and 262 MW in the United States. At the end of the first half of this year, the energy company reached 6.6 GW of installed renewable capacity, after adding 896 MW of additional capacity in the last twelve months. Thus, 624 MW were installed in Spain and 302 MW in the United States, although it registered a decrease of 30 MW due to the closure of the La Joya plant in Costa Rica. In addition, during 2025 Naturgy, the country's leading gas company and third largest electricity company, also plans to put another 600 MW of additional 'green' capacity into operation in Spain, of which 457 MW are already under construction. At an international level, in Australia, the group will also put into operation during 2025 its 'Glenellen' projects, with 260 MW and located in New South Wales; and 'Bundaberg', with 100 MW and in Queensland. In another of its main markets for growth in the renewable energy business, such as the United States, the company estimates that its second major project in the country, the 'Grimes' photovoltaic plant, with 262 MW and being built in Texas, will come into operation in the first half of 2025. Another of the energy company's major bets on the energy transition is the development of renewable gases in Spain, where by the end of 2024 it plans to have three biomethane production projects in operation: the 'Elena' plant, in Cerdanyola del Vallès (Barcelona), which has been the first to inject renewable gas from landfills into the gas distribution network; the Bens wastewater treatment plant in A Coruña and the one in Vila-sana (Lleida), installed on the Porgaporcs livestock farm. In addition to these plants, another one located in Valencia will be added over the next year, and the group is also continuing to work on several hydrogen projects, with the aim of developing the activity in the long term. Naturgy announced this week that it is already working on the preparation of a new strategic plan for the period 2025-2030, which it will present before the end of this year. Thus, it indicated that it will prepare a 'road map' that is "ambitious and attractive for all stakeholders, with a vision of growth that continues the transformation undertaken by the group, and that creates value for all shareholders."

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