Naturgy has closed FY20 in a stronger position to take on the energy transition and having made significant progress towards its financial, operational, and ESG (Environmental, Social and Governance) commitments. All of the above has been achieved in a financial year marked by the economic and social impacts of the pandemic and an adverse energy scenario, with a generalised drop in energy demand.

Naturgy and Enagás are studying the production of green hydrogen from a 250-MW floating offshore wind farm and another 100-MW onshore wind farm in Asturias for industrial consumption in this Autonomous Region. The project is a candidate Important Project of Common European Interest (IPCEI) and makes it possible to generate green hydrogen using local energy resources for added value.

Naturgy has acquired 100% of the economic interests in Hamel Renewables, a solar and energy storage development platform in the United States. The transaction represents Naturgy’s first investment in the US renewable energy market and demonstrates the company's firm commitment to developing its renewables portfolio internationally, focusing on stable geographies and early stage of development projects.

​Global Power Generation (GPG), a joint venture of Naturgy Energy Group, SA (75%) and the Kuwait Investment Authority (25%), has been awarded the contract to build a 97 MW wind farm located at Hawkesdale in Victoria, approximately 270 km from Melbourne, Australia.

Naturgy, ENI and the Arab Republic of Egypt have reached a new agreement to amicably resolve the disputes affecting Unión Fenosa Gas (UFG), a 50%/50% joint venture between Naturgy and ENI. The parties have signed an agreement whereby Naturgy will receive a series of cash payments adding up to approximately US$0.6 bn, as well as most of the assets outside of Egypt, excluding UFG’s commercial activities in Spain.

Cogeneration plants prevent approximately four million tonnes of CO2 emissions per year, thereby contributing to economic decarbonisation under the European Green Deal. It is therefore necessary to develop plans that incentivise the renewal of existing facilities. This claim is made by the authors of a report entitled “Natural gas in industry” from Lonjas Tecnología, S.A., a global energy sector company specialised in the engineering and construction of cogeneration and renewable energy facilities.

Naturgy has taken a qualitative leap forward in its commitment to digitalisation by joining forces with the home deliveries app Glovo to offer urgent repairs in just a click. Through this partnership, the company will market the group of Easygo services, the new and innovative solution for urgent repairs that allows us to provide immediate and direct assistance to users through the Glovo app, regardless of whether they are Naturgy customers.

On 22 October, Naturgy and the Puerto Rico Electric Power Authority (PREPA) agreed to extend the contract for the long-term supply of LNG to Puerto Rico. The contract will now be in force until 2032. It covers an annual volume of 2 bcm and could reach 3 bcm depending on the country's needs, and the price will be completely indexed to the Henry Hub (the principal US gas index). This gas will guarantee the supply of power generation plants in Puerto Rico. The contract to supply LNG to PREPA was set to expire in October 2020. It had an annual volume of 1.5 bcm and the price indexation was linked to oil (50%) and the Henry Hub (50%).