GPG, the international electricity generation subsidiary of Naturgy, has issued infrastructure debentures to refinance two solar photovoltaic power generation plants in Brazil.
The Regional Government of Victoria in Australia announced the award to GPG of a total 180 MW of power output for the construction of a wind farm located 150 km from the State capital, Melbourne. This is the first inorganic investment by the Naturgy group since the presentation of its strategic plan 2018-2022.
Savanna is the latest solar power generation project by Global Power Generation in Brazil, confirming its commitment to this technology following the entry into commercial operation of the Sobral and Sertão projects last year. Acquisition of the project was completed on 6 April, following approval by the competent regulator in Brazil. Construction work began ten days later, and should conclude by the end of the year. Commercial operation by the Savanna plant is expected to begin at the end of the year.