Jul 28. () –
Naturgy expects to commission some 800 new renewable megawatts (MW) in the remainder of the year, meaning the group will exceed 7.4 gigawatts (GW) of installed ‘green’ capacity by the end of this year.
Specifically, the group chaired by Francisco Reynés will put 244 MW in Spain and another 556 MW in Australia into operation in the second half of the year, through its international renewable subsidiary GPG.
The company also has several European-funded NextGeneration projects in an advanced development phase, of which 118 MW are for repowering and 140 MW for storage, according to its half-yearly financial report.
Naturgy currently has more than 2.2 GW of renewable capacity under construction, of which 1,000 GW are in Spain, 916 MW in Australia and 262 MW in the United States.
At the end of the first half of this year, the energy company had 6.6 GW of installed renewable capacity, after adding 896 MW of additional capacity in the last twelve months. Thus, 624 MW were installed in Spain and 302 MW in the United States, although it registered a decrease of 30 MW due to the closure of the La Joya plant in Costa Rica.
Furthermore, during 2025, Naturgy, the country’s largest gas company and third largest electricity company, also plans to put another 600 MW of additional ‘green’ capacity into operation in Spain, of which 457 MW are already under construction.
At the international level, in Australia, the group will also start operating its ‘Glenellen’ project, with 260 MW and located in New South Wales, and ‘Bundaberg’, with 100 MW and in Queensland, during 2025.
In another of its main markets for growth in the renewable energy business, such as the United States, the company estimates that its second major project in the country, the ‘Grimes’ photovoltaic plant, with 262 MW and being built in Texas, will come into operation in the first half of 2025.
BOOSTING RENEWABLE GASES IN SPAIN.
Another of the energy company’s major bets in the energy transition is the development of renewable gases in Spain, where it plans to have three biomethane production projects in operation by the end of 2024: the ‘Elena’ plant in Cerdanyola del Vallès (Barcelona), which was the first to inject renewable gas from landfills into the gas distribution network; the Bens WWTP plant in A Coruña and the Vila-sana plant (Lleida), installed on the Porgaporcs livestock farm.
In addition to these plants, another one will be added in Valencia over the next year, and the group is also continuing to work on various hydrogen projects, with the aim of developing the activity in the long term.
Naturgy announced this week that it is already working on developing a new strategic plan for the period 2025-2030, which it will present before the end of this year.
The group said it would draw up a “road map” that is “ambitious and attractive for all stakeholders, with a vision of growth that continues the transformation undertaken by the group and creates value for all shareholders.”
Add Comment