Naturgy Acquires Hamel Renewables in US with 12.6 Solar Plus Storage Portfolio

Saur Energy | Jan 16, 2021 at 9:51 AM
  • Naturgy has acquired 100% of the economic interests in Hamel Renewables, a solar and energy storage development platform in the United States.
  • Naturgy plans to invest up to US$1.8bn over the next five years to reach an operational capacity of 1.6 GW of solar energy in 2025, while it also retains the option to develop the remaining pipeline adding up to 8 GW of solar energy projects until 2030.
  • As part of the transaction, Naturgy has also entered into a five-year development agreement with Candela Renewables, made up by former directors from First Solar.