Ence selling 373MW of Spanish solar projects to Naturgy

Facebook
Twitter
LinkedIn
Reddit
Email
An operational PV plant in Spain from Naturgy. Image: Naturgy.

Spanish energy company and pulp producer Ence is selling a portfolio of five solar PV assets in southern Spain to utility Naturgy.

With a combined capacity of 373MW, the projects have network connection permits in place and are set to be built in the Andalucía region, with Ence participating in their construction.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

Proceeds from the €62 million (US$70 million) deal, which was carried out through Ence’s renewables subsidiary, Ence Energía, will be reinvested to develop new solar, energy storage and biomass projects.

The transaction follows Ence selling a 49% stake in Ence Energía to UK-based infrastructure investment fund Ancala Partners last year.

For Naturgy, the acquisition comes as the utility looks to increase its renewable generation portfolio from around 5GW to more than 14GW in 2025 as part of a strategic plan unveiled earlier this year that will see the firm invest €14 billion, of which around two-thirds will be earmarked for boosting renewable capacity.

According to that roadmap, the firm will have approximately 6.3GW of solar PV by 2025, with significant capacity additions planned in Europe and the US.

Early this year, Naturgy entered the US’ renewables sector through the acquisition of solar and storage developer Hamel Renewables, with the utility pledging to invest US$1.8 billion to reach an operational capacity of 1.6GW of solar in the US by 2025.

Naturgy has since secured a total of 417MW of solar PV capacity in Spain’s two renewables auctions this year, which took place in January and October.

2 December 2025
Málaga, Spain
Understanding PV module supply to the European market in 2026. PV ModuleTech Europe 2025 is a two-day conference that tackles these challenges directly, with an agenda that addresses all aspects of module supplier selection; product availability, technology offerings, traceability of supply-chain, factory auditing, module testing and reliability, and company bankability.

Read Next

October 6, 2025
An expert panel has identified a series of grid failures that led to April's unprecedented power outage in Spain and Portugal, ruling out renewables as the leading cause.
October 2, 2025
Spanish waste management company Trabede and energy firm Greening Group will build a solar module recycling plant in Granada, Andalusia, Spain.
September 19, 2025
EdgeMode has acquired a portfolio of data centre assets in Spain, with plans to build a 300MW solar, 1.2GWh storage facility at the sites.
September 17, 2025
Spanish IPP Velto Renewables has acquired a portfolio of 53 operational solar assets in Spain with a combined capacity of 260MW.
September 17, 2025
For the third year in a row, self-consumption installs have fallen in Spain, with 611MW of new additions in the first half of 2025, according to a report from trade body APPA Renovables.
September 9, 2025
Iberdrola has signed a 77MW power purchase agreement (PPA) with Italian grocery retail group Selex Gruppo Commerciale.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
October 7, 2025
Manila, Philippines
Solar Media Events
October 7, 2025
San Francisco Bay Area, USA
Solar Media Events
October 21, 2025
New York, USA
Solar Media Events
November 25, 2025
Warsaw, Poland