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Naturgy invests 264 million in its first photovoltaic megaproject in the United States

Naturaji begins construction of its first renewable energy facility AmericaThe ‘7V Solar Ranch’ photovoltaic plant, located in the state of…

By admin , in news , at May 18, 2022

Naturaji begins construction of its first renewable energy facility AmericaThe ‘7V Solar Ranch’ photovoltaic plant, located in the state of Texas and with 300 megawatts (MW) of peak power, will be the company’s largest in the world with this technology and will involve an investment of 264 million euros, as reported Is. energy.

Thus, Naturgy, which entered the renewable energy business in the United States with last year’s purchase of the portfolio 25 projects That adds up to over 3.5 gigawatts (GW) and intensifies its commitment to the country with this project, with the signing of a special development agreement for them with Candela Renewables for the next five years.

strategic location

The plant, which is scheduled to enter commercial operation before the end of 2023, will occupy an area of ​​more than 800 hectares and will be located in the former Fayette County. Texas,

Specifically, the installation will involve approximately 555,600 modules photovoltaicWhich will generate 560 gigawatt hours (GWh) of electricity per year.

This energy group’s first photovoltaic plant in the United States will also be the company’s largest with this technology in the world. Its strategic location, such as close to large urban centers houstonAustin, St. Antonio and Dallas, will allow you to supply an area with high potential demand and continued growth.

President of Natureji, francisco renesohighlighted that the start of construction of this new facility is a milestone for the group, “not only because it is the first America and the company’s largest photovoltaic plant in the world, but because it demonstrates our steadfast commitment to the development of renewable energy and the energy transition.”

Renewable energy

With the entry into the United States and the progress of this new project, the company indicated that it is continuing with its strategy of developing a portfolio renewable On an international scale, “stable geographies and focus on projects in the early stages of development”.

With an average of 200 jobs created during the execution of the works, the project will have a significant impact on the economic activity in the region, which will almost peak. 600 employees During peak workload times.

1000 million plus investment

Naturgy plans to invest more than EUR 1,000 million in the United States in the coming years so that it can have operating power 500 MW in 2023 and 1,200 MW in 2025.

your agreement with Candela Renewables Enables the development of solar and energy storage projects specifically for Naturagi, the first of which has now begun to be built in Texas.

group led by francisco reneso It plans to reach 14 GW of installed renewable energy in 2025 from the current 5.2 GW. The company’s total investments increased to 1,484 million euros in 2021, with 65% of this amount, 952 million (+30%) allocated for development and, primarily, for the development of gas and electricity networks, while installed power increased. In renewable production in Australia, Spain and the United States.

Naturgy invests 264 million in its first photovoltaic megaproject in the United States

2022-05-18 12:11:05