Another big energy group transitioning to clean sources has chosen to change its name to reflect the new strategy. The Spanish gas and power provider started investing in solar last spring. Spain-based natural gas and power provider, Gas Natural Fenosa has changed its name to Naturgy Energy Group, S.A. The move, the company explained, is part of its Strategic Plan 2018-2022, which envisages more innovation, digitalisation, simplicity and globality, as well as a stronger commitment towards clean energy sources. “With Naturgy, we are building an international brand adapted to all the global markets where we operate and where we will operate. After all these years, we are lending fresh impetus to address new commitments, to be closer to our customers wherever they are and to seek out simple, environmentally-friendly solutions,” said tchairman, Francisco Reynés. This year, Gas Natural Fenosa invested for the first time in solar in Chile, Brazil and Spain. In Spain, it has recently started construction on the 50 MW Carpio de Tajo solar project near Toledo, in the Spanish region of Castilla-La Mancha, and it has developed the 49 MW Planta solar fotovoltaica La Nava, which is being planned in the municipality of Almodóvar del Campo. Both projects form part of the 250 MW PV pipeline the group secured in the RE auction held by the Spanish government in July 2017, in which around 3.5 GW of PV capacity was allocated. Furthermore, the company’s unit Global Power Generation (GPG) is building a 120 MW solar facility in Chile, while another 60 MW is expected to be deployed in Brazil by its local subsidiary, Brazil Fenosa. Prior to Gas Natural Fenosa, another energy giant – Norway’s Statoil – was renamed Equinor to stress its new commitment to renewables. Meanwhile, France’s GDF Suez, which three years ago decided to change its name Engie. The group of of multinational energy companies that have recently refocused their strategies towards renewable energies, in an attempt to diversify business, also includes, among others, Shell, Total, Eni, Hungary’s Mol, Oman’s PDO, and Jamaica’s PJC.
Spanish natural gas and oil company Gas Natural Gas has changed its name to Naturgy Energy Group as it moves further into renewables . So far this year the company has invested in solar power in Brazil , Mexico and Spain . In May the company broke ground on the 50 MW Carpio de Tajo solar project near the Spanish town of Toledo and is also developing a 49 MW project near the town of Ciudad Real . The company was awarded 250 MW solar capacity in Spain 's 3.5 GW July 2017 solar auction .