Naturgy begins construction work on three new photovoltaic plants in Castilla-La Mancha with sufficient capacity to supply 86,000 households

Naturgy has begun construction work on three new photovoltaic plants in Castilla-La Mancha: the Zorita I and Zorita II facilities, located in the vicinity of the former José Cabrera nuclear power plant between the municipalities of Almonacid de Zorita and Zorita de los Canes (Guadalajara), and the Ocaña plant in the municipality of Ocaña (Toledo).
Naturgy’s General Shareholders’ Meeting has approved, with broad support, the Group’s annual accounts and the management conducted by the Board of Directors, amidst a particularly volatile energy scenario. During the meeting, Naturgy’s executive chairman Francisco Reynés highlighted the Group’s essential role as a major contributor to economic and social development in the countries where it operates, with a firm commitment to the necessary energy transition, ensuring the guarantee of energy supply, creating value across businesses and addressing all the needs of its stakeholders.
Naturgy has received recognition for its work on fighting climate change by the prestigious Carbon Disclosure Project (CDP), a non-profit organisation that assesses the performance on climate change and water resource management, among other aspects, of the leading companies and governments around the world.
Naturgy has created Happiness Academy, a pioneering business initiative in Spain that aims to foster motivation and well-being among its professionals through training on areas and aspects that affect happiness.
Naturgy has started up its second photovoltaic plant in the Canary Islands and the first in Fuerteventura, in the town of Puerto del Rosario, with a capacity of 11.5 MW. The new facility will produce 21.65 GWh/year, equivalent to the annual consumption of 6,600 homes, helping to reduce annual CO2 emissions by more than 15,600 tonnes and accelerating the energy transition in the Canary Islands.
Naturgy improved its EBITDA in 2023 to 5,475 million euros (+11%) and recorded a net profit of 1.986 billion (+20%), in a year marked by falling energy prices and a volatile scenario. The networks business obtained an EBITDA of 2,638 million (+7%) and the deregulated businesses, 2.949 billion (+15%).
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.
The European Commission has selected the renewable hydrogen production plant promoted by Naturgy and Enagás Renovable in La Robla (León, Spain) to receive 42 million euros from its Innovation Fund, a programme to support innovative technologies, processes and products that contribute to the European Union's decarbonisation commitments. This financial backing boosts the development of the project and validates its maturity by giving it a significant competitive advantage.
UFD, the Naturgy Group’s electricity distributor, now has more than 38,000 self-supply installations in its electricity network after having doubled the number of connections in 2023. These operative self-supply installations have a total capacity of 950 MW, a figure that represents an important milestone for the company in its commitment to the energy transition.
Naturgy has been recognised as one of Spain’s Top Employers for the tenth year in a row. The company obtained this certification from Top Employers Institute following an exhaustive audit of more than 300 practices in its People area. By revalidating this seal, Naturgy continues to be part of the group of leading companies in Spain that are known for their professional development models and strategy.
Naturgy will supply Inditex with all the renewable gas produced at the Bens WWTP facilities in A Coruña. In all, there will be 5.1 GWh of biomethane, a gas with qualities equivalent to those of natural gas, obtained from the treatment of 130,000 m3 of wastewater from homes and industries in the metropolitan area of this Galician city.