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    NTGY   ES0116870314

NATURGY ENERGY GROUP, S.A.

(NTGY)
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Naturgy Energy S A : , Kuwaiti JV to Build Wind Farm in Australia

09/04/2020 | 03:24am EDT

By Giulia Petroni

 

Naturgy Energy Group SA said Friday that its joint venture with the Kuwait Investment Authority, called Snowy Hydro and Global Power Generation, will build a 218-megawatt wind farm in Australia.

The Spanish energy company said the farm, which is located approximately 300 kilometers (186.4 miles) from Melbourne, is estimated to require an investment of 359 million Australian dollars ($261.9 million). Operations are expected to start in the second half of 2022.

The contract includes a 15-year power purchase agreement for 75% of the energy produced.

"With this agreement, Naturgy doubles its presence in Australia increasing its capacity to approximately 500 megawatts, becoming the third largest independent wind energy producer in the country," the company said.

Naturgy owns 75% of Snowy Hydro and Global Power Generation.

 

Write to Giulia Petroni at giulia.petroni@wsj.com

 

Stocks mentioned in the article
ChangeLast1st jan.
NATURGY ENERGY GROUP, S.A. 0.27% 21.91 Delayed Quote.15.30%
All news about NATURGY ENERGY GROUP, S.A.
06/11Naturgy to Signs PPA to Build 58GW Wind Farm in Australia
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04/28NATURGY ENERGY S A  : improves its net income thanks to its ability to adapt
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03/24NATURGY ENERGY S A  : Plans Around 1,000 Voluntary Departures in Spain
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03/15NATURGY ENERGY GROUP, S.A. : Ex-dividend day for final dividend
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More news
Financials
Sales 2021 17 662 M 21 431 M 21 431 M
Net income 2021 1 322 M 1 604 M 1 604 M
Net Debt 2021 11 639 M 14 122 M 14 122 M
P/E ratio 2021 15,7x
Yield 2021 6,90%
Capitalization 21 006 M 25 471 M 25 489 M
EV / Sales 2021 1,85x
EV / Sales 2022 1,84x
Nbr of Employees 8 372
Free-Float 28,5%
Chart NATURGY ENERGY GROUP, S.A.
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Naturgy Energy Group, S.A. Technical Analysis Chart | MarketScreener
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Technical analysis trends NATURGY ENERGY GROUP, S.A.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 21
Average target price 21,84 €
Last Close Price 21,86 €
Spread / Highest target 25,3%
Spread / Average Target -0,09%
Spread / Lowest Target -28,6%
EPS Revisions
Managers and Directors
NameTitle
Francisco Miguel Reynés Massanet Chairman & Chief Executive Officer
Carlos Javier Álvarez Fernández Chief Financial Officer
Ramón Adell Ramón Independent Director
Francisco Belil Creixell Independent Director
Helena Herrero Starkie Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
NATURGY ENERGY GROUP, S.A.15.30%25 471
CHINA GAS HOLDINGS LIMITED-3.90%21 291
ATMOS ENERGY CORPORATION5.94%13 211
GAIL INDIA LIMITED32.37%9 900
TOKYO GAS CO.,LTD.-7.93%8 772
APA GROUP-2.07%8 605