Naturgy has commissioned Salinetas, its inaugural photovoltaic plant in the Canary Islands. Situated in the town of Telde, Gran Canaria, and backed by a €5.2 million investment, this new facility enables the energy company to reach 100 MW of renewable energy in operation. Additionally, there are 45 MW more currently under construction.
Naturgy and Australian company Wildfire Energy have reached an agreement to research and develop a novel gasification technology —Moving Injection Horizontal Gasification (MIHG)— to obtain quality green hydrogen, with negative net carbon emissions, by processing a wide range of dry urban and agricultural waste.
Today, Naturgy released its financial results for the first six months of 2023 to the market, along with the strategic review for the 2025 horizon recently approved by its Board of Directors. These developments come after the company exceeded all objectives outlined in its 2018-2022 Strategic Plan. The first half of the year was characterised by a decline in energy prices amid persistent volatility and regulatory uncertainty. In this context, the company increased its investments to progress in its industrial plan and played a crucial role in ensuring energy supply security in Spain. This involved supplying gas to businesses and ensuring the continuity of supply in the Spanish power sector, where combined cycle power plants played a fundamental role.
Biomethane Initiatives, a joint venture created a year ago by Suma Capital, a sustainable infrastructure investment management company, and SITRA, an industrial water treatment, waste management and bioenergy company founded in Castellon, has reached an agreement with Nedgia, the gas distributor of the Naturgy group, to inject 40 GWh/year of biomethane into its gas network.
Naturgy goes one step further in its strategy to boost renewable gas and will, in collaboration with AEMA Servicios Energéticos, construct a new biomethane plant in the Valencian district of Utiel which will have the capacity to produce 20 GWh per year. The project’s construction will commence shortly as it has the environmental licence and planning permission granted by Utiel Town Council and will entail an investment of €2.7 million. Its start up date is planned for the beginning of 2025.
Naturgy has started up two new wind farms in the Canary Islands, which means the energy multinational now manages 12 in the Canary Islands, with a total installed capacity of 94.8 MW. The two new wind farms are Agüimes (10.75 MW), located in the municipal district of the same name, and Camino de la Madera (9.2 MW), in Santa Lucía de Tirajana, both on the island of Gran Canaria.
Naturgy, in cooperation with Compost Segrià, Sitra and Servei de Gestió Ramadera, has started processing a new renewable gas plant in Torrefarrera (Lleida), one of the main areas of Spain when it comes to the generation of agricultural and livestock waste. A total of 18 million euros is set to be invested in the plant.
Naturgy and Greene are collaborating on a project to produce syngas biomethanation for injection into the distribution network or for use in mobility. The innovative aspect of this project, unique in Spain, resides in the type of waste from which the bio-synthetic natural gas is obtained. A thermal process totally transforms the dry waste materials, contributing significantly to the circular economy by giving a second life to this type of difficult-to-process waste.
Through its international power generation subsidiary, Global Power Generation (GPG), Naturgy has begun to operate its third wind farm in Australia, Berrybank 2, increasing the company's total installed capacity in the country to 395 MW. The company also recently inaugurated the ACT Battery in Australia, the group's first utility-scale battery energy storage facility worldwide.
Today, Naturgy announced the acquisition of 100% of ASR Wind, which has a total of 422 MW in 12 wind farms operating in Spain. The transaction also includes a solar hybridisation pipeline of up to 435 MW in an advanced stage of development, with land and interconnection permits largely in place so that they will be mostly operational in 2025. The portfolio acquired also includes the possibility of repowering the wind installations at the end of the useful life of the farms, which on average are scheduled for 16 years’ time.
Francisco Reynés, Naturgy’s Chairman & CEO, chaired the company’s Ordinary General Shareholders’ Meeting today, which was held at the company’s registered office in Madrid. The shareholders approved the Financial Statements and the Management Report for the 2022 financial year, amongst other points on the agenda for the Meeting, which attained a quorum of over 92%.