Naturgy has successfully completed the takeover bid for its own shares launched last May. The acceptance period for the takeover bid ended on Friday 13 June and the result was very favourable in terms of achieving the company's free float and liquidity targets on the stock exchange. Once the offer is completed, the company will apply all the temporal and operational flexibility it deems necessary to bring the shares back to the market and once again increase the free float.
Naturgy goes one step further in its strategy to boost renewable gas and will, in collaboration with AEMA Servicios Energéticos, construct a new biomethane plant in the Valencian district of Utiel which will have the capacity to produce 20 GWh per year. The project’s construction will commence shortly as it has the environmental licence and planning permission granted by Utiel Town Council and will entail an investment of €2.7 million. Its start up date is planned for the beginning of 2025.
Naturgy has started up two new wind farms in the Canary Islands, which means the energy multinational now manages 12 in the Canary Islands, with a total installed capacity of 94.8 MW. The two new wind farms are Agüimes (10.75 MW), located in the municipal district of the same name, and Camino de la Madera (9.2 MW), in Santa Lucía de Tirajana, both on the island of Gran Canaria.
Naturgy, in cooperation with Compost Segrià, Sitra and Servei de Gestió Ramadera, has started processing a new renewable gas plant in Torrefarrera (Lleida), one of the main areas of Spain when it comes to the generation of agricultural and livestock waste. A total of 18 million euros is set to be invested in the plant.
Naturgy and Greene are collaborating on a project to produce syngas biomethanation for injection into the distribution network or for use in mobility. The innovative aspect of this project, unique in Spain, resides in the type of waste from which the bio-synthetic natural gas is obtained. A thermal process totally transforms the dry waste materials, contributing significantly to the circular economy by giving a second life to this type of difficult-to-process waste.
Through its international power generation subsidiary, Global Power Generation (GPG), Naturgy has begun to operate its third wind farm in Australia, Berrybank 2, increasing the company's total installed capacity in the country to 395 MW. The company also recently inaugurated the ACT Battery in Australia, the group's first utility-scale battery energy storage facility worldwide.
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.
Contact
If you are a journalist and need information about Naturgy operations, you can get in touch with us via prensa@naturgy.com.
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