This move represents a major milestone in achieving our strategic goals,” stated Francisco Reynés, Executive Chairman of Naturgy, when announcing the company’s expansion into the United States through the acquisition of Hamel Renewables in 2021. Since then, the Spanish energy firm has strengthened its foothold in a crucial renewable energy market, spearheading large-scale solar generation and energy storage initiatives.
Entering the Market with a Forward-Looking Vision
Naturgy made its initial entry into the United States by acquiring Hamel Renewables, a company focused on solar and energy storage project development. Announced in early 2021, the acquisition added a portfolio exceeding 8 GW of solar projects and 4.6 GW of storage across nine states.
The company further reinforced its U.S. presence through an exclusive five-year partnership with Candela Renewables, aimed at jointly developing new solar initiatives.
Project Development in Texas
One of the most significant milestones for the company in the United States has been the construction of its 7V Solar Ranch photovoltaic plant, located in Fayette County, Texas. Construction of this project began in 2022, making it the largest solar facility developed by Naturgy to date. This initiative was led by Francisco Reynés and involved an investment of €264 million.
The 7V Solar Ranch has an installed capacity of 300 MWp and is expected to generate approximately 560 GWh of energy each year. This amount of energy is sufficient to meet the annual consumption of about 160,000 American households. This project marks the first step in deploying the portfolio acquired by the company in the country.
In 2024, Naturgy began constructing a second major project in Texas: the Grimes solar plant, with an investment exceeding €285 million. Located in Grimes County, this facility will have a capacity of 210 MW and is expected to begin operations in 2025, further strengthening the company’s presence in the state.
More Than 30 Projects Under Development
Beyond its existing projects, Naturgy has revealed plans for a portfolio of over 30 solar initiatives in the United States, with a combined capacity exceeding 6 GW. These projects are at various stages of development and form a key part of the company’s international strategy to diversify its renewable energy portfolio while supporting global decarbonization objectives.
A Commitment to Sustainable Energy
Naturgy’s operations in the United States are aligned with its 2021–2025 strategic plan, which emphasizes investment in clean and sustainable energy across key markets. The company seeks to actively contribute to transforming the global energy landscape by supporting resilient infrastructure, innovative technologies, and a long-term vision that balances economic growth with environmental responsibility.
Conclusion
Naturgy’s strategic expansion into the United States demonstrates its commitment to advancing renewable energy and sustainable growth on a global scale. Through the acquisition of Hamel Renewables, partnerships with Candela Renewables, and the development of large-scale solar projects like the 7V Solar Ranch and Grimes plant, the company is strengthening its footprint in one of the world’s most important renewable energy markets. With a growing portfolio of over 30 solar initiatives and a clear focus on innovation, infrastructure resilience, and environmental responsibility, Naturgy is not only contributing to global decarbonization goals but also shaping the future of clean energy with a long-term, sustainable vision.