Naturgy to build 306 MW of wind farms in Spain

11/02/2019 11:20 Renewable


Spanish company Naturgy Energy Group SA announced today it has plans to develop 306 MW of wind farms in the autonomous community of Castile and Leon.

In all, the company will invest around EUR 300 million (USD 340.43m) to develop nine wind projects spread over 16 municipalities in the provinces of Burgos, Valladolid and Zamora, Naturgy said during a presentation of the schemes to the local officials.


When the nine plants are completed, they should be able to generate 950 GWh per year, enough to meet the annual demand of 380,000 homes, about 24% of the total in Castile and Leon.


The facilities are also expected to offset around 750,000 tonnes of carbon dioxide (CO2) emissions annually, Naturgy noted.

Daily (14.02.2019): Oil prices climbed by 1.8% on Wednesday, as Saudi Arabia plans to reduce crude exports and production

14/02/2019 12:16:00

Oil prices were bullish on Wednesday, after Saudi Arabia announced its plans to reduce crude exports and production. At the same time, rising U.S. crude inventories might still put pressure on the market. As a result, Brent crude increased by 1.9% to 63.61 USD/bbl. WTI crude rose by 1.5% to 53.90 USD/bbl.


European consortium to buy 80% of Veja Mate offshore wind park

14/02/2019 10:10:00

A consortium led by asset manager Commerz Real AG and IKEA franchisee Ingka Group will acquire an 80% stake in the 402-MW Veja Mate offshore wind park in the German North Sea.


Over 500 Agreements to be Signed at Russian Investment Forum

14/02/2019 09:55:00

Over 500 agreements worth a total of 800 billion roubles are expected to be signed at the Russian Investment Forum 2019. This preliminary estimate is based on the information from the Forum participants and from open sources.