Spanish energy firm Naturgy Energy Group SA announced that its Australian subsidiary will invest more than 300 million euros ($344 million) to develop its largest renewable energy project in the country. The statement was issued by Naturgy’s corporate communications team and reported by Bloomberg Markets. The investment marks a significant step in the company’s expansion of clean‑energy assets outside Europe.

The project will combine solar photovoltaic generation with battery storage capabilities, aiming to provide dispatchable renewable power to the Australian grid. Naturgy said the facility will be its biggest renewables undertaking in Australia to date, reflecting the firm’s strategy to leverage solar resources and storage technology in markets with high solar irradiance.

By allocating over 300 million euros, Naturgy aims to strengthen its presence in the Asia‑Pacific renewable sector. The move aligns with the company’s broader goal of increasing low‑carbon capacity and supporting Australia’s transition to cleaner electricity sources. No further details regarding timeline or exact location were disclosed in the announcement.