Naturgy

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Naturgy to make Altadia Group’s self-consumption photovoltaic plant the largest in Castellón province

Link Securities| Naturgy has installed the largest self-consumption photovoltaic plant in the province of Castellón, the digital newspaper elEconomista.es reports today. Naturgy has signed an agreement with Altadia, a world leader in the field of glazes, frits and digital ink for the ceramics sector with the aim of decarbonising its consumption through renewable energy. The agreement, sealed between the two companies, will involve the installation of more than 24,000 photovoltaic…


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Naturgy chairman praises Blackrock: “there is alignment of interests and long-term vision”

Alphavalue/DIVACONS| The president of the energy company, Francisco Reyes, praised Blackrock for giving stability to the companies and affirmed that “there is alignment of interests and long-term vision”. He said this in an interview on Thursday at the 54th annual meeting of the World Economic Forum in Davos (Switzerland) and in the wake of Blackrock’s acquisition of the US fund Global Infrastructure Partners (GIP), which owns a 20% stake in…


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Naturgy begins construction of second large photovoltaic facility in US, in Texas, with €285-million investment

Link Securities | Naturgy (NTGY) has begun construction of its second large photovoltaic facility in the United States, the Grimes plant, which will have a capacity of 210 MW and will involve an investment of more than €285 million, according to Europa Press. This new renewable generation plant will be located in the state of Texas and will generate enough emission-free electricity to supply approximately 140,000 homes. With the start-up…


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Supreme Court authorises Naturgy to temporarily close five gas-fired power plants but rejects compensation

Link Securities | As reported on Friday by the digital newspaper Bolsamania.com, the Administrative Chamber of the Supreme Court (SC) has authorised the temporary closure of the combined cycle power plants of Palos de la Frontera 1 and 3, Cartagena group 2 and 3, and Sagunto group 3, under the terms contained in the application filed on 25 May 2017 by Naturgy (NTGY) with the Administration. However, the SC has…


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Naturgy awarded €700 million loan by EIB to adapt and digitise electricity distribution networks in Spain

Link Securities | Naturgy and the European Investment Bank (EIB) have agreed a €700 million loan to adapt and digitise the energy provider’s electricity distribution networks in Spain, bolsamania.com reported yesterday. Naturgy points out that this operation with the EIB will provide it with additional financial resources to improve its operational flexibility and efficiency. The loan will also enable it to “modernise and improve the efficiency of the grid and…


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Naturgy to give major boost to decarbonisation with acquisition of BioGNL production

Link Securities| Naturgy (NTGY) will give a strong boost to the decarbonisation of the road and maritime transport sector by acquiring BioGNL production from the future Sologas plant in As Somozas (La Coruña). The first long-term purchase contract for renewable gas in liquid form is for 25 GWh per year, which is the production capacity of the waste recovery plant that Sologas has planned for its As Somozas site, and…


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Naturgy awarded €17.5-million contract to supply natural gas to prisons

Link Securities| Naturgy (NTGY), through Gas Natural Comercializadora, has been awarded the contract to supply natural gas to the penitentiary establishments of the General Secretariat of Penitentiary Institutions, attached to the Ministry of the Interior. According to the contract formalisation announcement, published in the Official State Gazette (BOE), the amount of the award is €17.5 million, as reported on Wednesday by Europa Press. The tender for the contract, which was…


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Naturgy reports €1,045M profit up to June and dividend yield over 5%

Naturgy reported a net profit of €1,045 million in the first half of the year, an increase of 87.6% compared to the same period in 2022, mainly due to the “good performance of the internal business activities” and the good management of purchases in a competitive market. The energy company headed by Francisco Reynés increased its investments to €839 million, 16% more, and investments for the five-year period 2021-2025 will…


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Naturgy plus three other companies begin processing new renewable gas plant in Lleida with €18-million investment

Link Securities | As reported by the digital newspaper CapitalBolsa.com, Naturgy (NTGY), together with three other companies, Compost Segrià, Sitra, and Servei de Gestió Ramadera, has initiated the processing of a new renewable gas plant in Torrefarrera (Lleida), in an area of Spain that generates large quantities of agricultural and livestock waste. The plant will represent an investment of €18 million. The facility, which is expected to be commissioned in…


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Naturgy buys Ardian’s renewable assets in Spain for €536 million

Naturgy has won the bid for the renewable assets of the French fund Ardian in Spain. The company headed by Francisco Reynés has announced today the acquisition of 100% of ASR Wind, which has a total of 422 MW distributed in 12 wind farms in operation in Spain. The transaction also includes a pipeline of solar hybridisations of up to 435 MW, which are at an advanced stage of development…