Spanish energy firm Naturgy Energy Group SA announced that its Australian unit will invest over 300 million euros ($344 million) to build its largest renewables project in the country. The project will combine solar power and battery storage, marking a significant expansion of Naturgy's renewable energy portfolio in Australia. This investment underscores the growing trend of international energy companies investing in Australia's renewable energy sector.
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Displacement of fossil fuel-based electricity
The project combines solar power and battery storage.
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Naturgy Energy Group SA is a Spanish energy firm.
BloombergSpanish energy firm Naturgy Energy Group SA said its Australian unit will invest more than 300 million euros ($344 million) to build its largest renewables project in the country, combining solar power and battery storage.
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Naturgy Energy Group SA is a Spanish energy firm.
BloombergNaturgy's Australian unit will invest more than 300 million euros.
BloombergThe investment is for building Naturgy's largest renewables project in Australia.
BloombergThe project combines solar power and battery storage.
Bloomberg