UFD, the Naturgy group electricity distributor, invested 441 million euros in 2024 in the digitalisation and improvement of its more than 116,000 kilometres of network in Spain, which represents an increase of 34% compared to the average investment of the last five years. Since 2020, UFD investments have exceeded 1.647 billion euros, with a focus on improving quality of service to its 3.8 million customers.
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.
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.
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