Naturgy already has an international presence across the Europe, America, Asia and Oceania regions. The company has more than 175 years in the energy sector, with its current services focused on renewable electricity and gas. Its recent investment allocation will provide funding for various projects, including the addition of 5.2GW of renewable energy capacity in Europe, 2.2GW of energy in Australia, and further capacity expansion in parts of the US and Chile. The investment in international renewable energy will average around €1.73bn per year, which will increase the sector’s earnings before interest, taxes, depreciation and amortisation (EBITDA) by more than 22% to €1bn by 2025, and €2.7bn for the company by the end of the period of strategic change.
Naturgy will also invest more into alternative methods of energy, including renewable forms of gas and hydrogen. The company will develop the Spanish gas grids network, of which 95% has already been altered for the use of renewable gas and hydrogen. Further adaptations to the network will help drive the final stages of renewable implementation. The company believes the project will allow more than one terawatt-hour of renewable gas to be pumped into Spain’s gas transmission system within the next five years. In the meantime, Naturgy will further investigate opportunities to develop other areas of alternative energy, including thermal generation across Spain and Latin America.