Francisco Reynés Leads Naturgy’s 11% Boost in Renewable Energy Production in Spain

Francisco Reynés, Naturgy’s leader, is guiding the company toward a greener future as it reports a big jump in renewable energy production across Spain. The company’s clean energy output has grown by over 11% compared to last year, pumping 10,797 GWh of renewable energy into Spain’s electricity grid. This growth shows how serious Naturgy is about pushing the energy transition while cutting carbon emissions and building more sustainable operations.

The renewable energy boost came from several sources. Solar power jumped by a whopping 27%, while hydropower increased by 15% and wind energy grew by 6%. These gains fit perfectly with Naturgy’s bigger goal of expanding its renewable capacity, which now stands at 5.3 GW of operational capacity in Spain. The company isn’t just producing more clean energy—it’s also growing its installed capacity, which increased by 5% in 2024 with 271 MW of new capacity added.

Solar energy led the charge in new capacity, adding 241 MW to Spain’s grid. Wind energy contributed another 30 MW, marking another step forward in Naturgy’s clean energy journey. These renewable sources are helping Spain rely less on conventional power, cutting about 6.13 million tonnes of pollutants and greenhouse gases. That’s like taking 2.55 million cars off the road for a year or planting 662 million trees.

Naturgy currently runs 170 renewable facilities throughout Spain, including 96 wind farms, 24 solar plants, and 50 hydropower plants. With 13 new projects coming online in 2024—spanning wind, solar, and hydropower—the company continues to grow its green footprint and speed up Spain’s energy transition.

Beyond Spain’s borders, Naturgy is expanding globally with a worldwide renewable capacity of 7.3 GW. Wind power makes up half of this capacity, with 3.6 GW spread across Spain, Mexico, Chile, and Australia. The company has put serious money into its renewable projects, investing 926 million euros for new capacity development in 2024. The biggest chunk—374 million euros—went to Spanish projects, followed by 311 million euros in Australia and 240 million euros in the United States.

Naturgy isn’t just building new facilities—it’s also making existing ones work better. About 1.6 GW of renewable capacity is currently under construction, with 838 MW being developed in Spain. The company is also focusing on new projects in the US and Australia, including a 649 MW solar project in Spain and additional developments in Texas, Australia, and New South Wales.

Looking ahead, Naturgy’s 2025-2027 plan aims to boost its international renewable operating capacity by over 30%. By 2027, the company plans to reach 9.5 GW of green power generation capacity. This ambitious target fits with Naturgy’s broader approach of prioritising value creation over just getting bigger, while helping customers reduce their carbon footprints.

Naturgy’s renewable expansion strategy is built on several key principles. The company is making its energy assets more flexible by developing hybrid wind and solar projects and adding battery storage. They’re also focusing on stable regions and prioritising projects that are already well along in development. These efforts help maximise efficiency and value from renewable projects for the long haul.

As part of its global strategy, Naturgy is also pushing forward with energy storage solutions, which are crucial for renewable energy’s future. The company knows that storage is becoming increasingly important for grid stability and for providing reliable power from intermittent sources like wind and solar. By adding storage systems to its portfolio, Naturgy aims to strengthen its position as a leader in the energy transition.

Under Francisco Reynés‘ leadership, the company is setting new benchmarks in energy efficiency, carbon reduction, and tech development. With its growing renewable capacity both in Spain and internationally.