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 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.
Naturgy has received a favourable Environmental Impact Statement (EIS) for 18 wind and photovoltaic projects, jointly representing over 1.3 GW power. The environmental green light for these developments allows the power company to strengthen its commitment to the energy transition and continue to progress in its decarbonisation strategy.
A pan-European project officially launched on November 18th in Paris to accelerate the roll out of the next generation of floating wind technology for a competitive, more scalable and industrial deployment. The ambitious initiative is being led by a consortium of thirteen partners from eight countries including Technip Energies as project coordinator, X1Wind, Naturgy, 2B Energy, Hellenic Cables, Technical University of Denmark, Hydro, Ecole Centrale de Nantes, Schwartz Hautmont, Ocas, Tersan Shipyard, Ocean Ecostructures and Cybernetix.
Naturgy closed the third quarter of 2022 with sizeable organic investments that have boosted its EBITDA to EUR 3.5 billion to achieve a reported net income of EUR 1.06 billion, in an environment of persistently high volatility in international energy markets and high regulatory uncertainly. These results up to September incorporate the retroactive effects of the new purchase price agreement reached with Sonatrach last October. They also include the estimated impact of decoupling the final gas sales prices from their current TTF-indexed hedges.
On Wednesday, the Spanish Minister for Industry, Trade and Tourism, Reyes Maroto, officially opened the first battery storage facility to be operated by the Naturgy power company anywhere in the world. During her visit, the minister was told about the cutting-edge technology used at this facility alongside Francisco Bustío, the Managing Director of Global Power Generation (GPG) - the international power generation subsidiary of Naturgy, and other members of the GPG team in the country.