Francisco Reynés, Chairman and CEO of Naturgy, today took part in the conference organised by the Naturgy Foundation and the Cercle d'Economia to address the situation facing the energy sector in the complex international climate we are experiencing, with a special focus on Europe and Spain.

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 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 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.