Spain’s Naturgy to Build $344 Million Australia Renewables Plant

Naturgy’s Australian unit plans to invest more than €300M ($344M) to build its largest renewables project in the country, combining solar power with battery storage. The move supports its renewable growth profile and capex trajectory, but is unlikely to be market-moving beyond the involved names.

Analysis

Naturgy’s Australian unit plans to invest more than €300M ($344M) to build its largest renewables project in the country, combining solar power with battery storage. The move supports its renewable growth profile and capex trajectory, but is unlikely to be market-moving beyond the involved names.