The renewable gas distribution capacity of the network operated by Nedgia, the Naturgy group’s gas distributor, increased fivefold in 2023. The company already operates six injection modules located in Catalonia, Castile and León and Galicia, which inject 174 GWh of biomethane per year into its infrastructure, equivalent to the annual consumption of more than 70,000 homes, thereby preventing more than 32,000 tonnes of atmospheric CO2 emissions per year.
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%.
Naturgy accelerates the international expansion of its renewables business with the signing of several agreements to develop agrovoltaic and wind projects in Italy. The company already has more than 200 MW in the pipeline.
The energy company has been awarded a triple 'A', the highest possible rating, for its strong safety and risk mitigation practices. This recognition, which it has received consecutively since 2017, makes it the Spanish company awarded with this distinction continuously for the longest time.
Naturgy increased its photovoltaic self-consumption capacity ninefold in 2022 as part of its 'Naturgy Solar' initiative, with which the energy group offers clients customised solutions to generate their own electricity. This involved a fivefold increase in contracts compared to the previous year, after receiving more than 75,000 requests for information.
Henceforth, it will be a mandatory part of the bidding process for Naturgy to demand that those suppliers with high climate change risk measure their carbon footprint whenever the amount of the contract exceeds 500,000 euros. In such cases, more than a hundred suppliers will be obliged to present a carbon footprint certificate as a mandatory requirement that will be technically evaluated.
Today, Naturgy presented to the market its results for 2022, a year marked by intense volatility and global uncertainty, as well as a sustained increase in the cost of raw materials worldwide and a good performance of the liberalised activities in the different markets.
Naturgy has successfully connected its first battery storage facility in the world to the grid, a historical milestone for the company in the renewables business. The ACT Battery project, located in Australia and developed and built by its international generation subsidiary Global Power Generation (GPG), will reinforce supply quality to the city of Canberra and accelerate the energy transition in the country by allowing for greater penetration of renewable energy in the grid.