Naturgy, through its international generation subsidiary Global Power Generation (GPG), has received a financing line for more than 1,400 million euros. The financing operation has been formalized with 11 international banks and is based on the portfolio of projects that GPG has in operation and development in this country.
With this operation, Naturgy reinforces its liquidity and provides GPG’s business in Australia with the necessary resources to ensure its development.
The financing line is structured around a portfolio of eight assets in operation -six wind farms, a battery storage project and another solar hybrid with storage-, two photovoltaic plants under construction and a solar hybrid project with batteries under development. In total, GPG closes 2024 with 1 GW of projects in operation, to which must be added 360 MW under construction and 510 MW ready to begin construction.
Steven Fernández, general director of Financial Markets and Corporate Development at Naturgy, has indicated that “this agreement is a clear reflection of the confidence that financial institutions have in our ability to lead the energy transition, supported by the tireless work of a committed team. with a more sustainable future”.
This financing is added to the recent loan of 1,000 million euros agreed between Naturgy and the European Investment Bank (EIB) to support investments in new solar photovoltaic and terrestrial wind power plants, as well as in the repowering and hybridization of other existing ones in Spain . The loan, the first tranche of which has been signed for a value of 400 million euros, will also be used to a lesser extent for investments in batteries for the storage of renewable energy.
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