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The Catalan multinational, through its international power generation business company Global Power Generation (GPG), has been awarded its first wind farm contract in Australia. The 91-megawatt park will be constructed in the state of New South Wales, 90 kilometres from the capital city Canberra. Gas Natural will invest €120 million euros in the wind farm, which will be named Crookwell II and will be situated in one of the more environmentally friendly areas of Australia. The contract will last for 20 years. The wind farm will be operational in the second half of 2018, according to Gas Natural.

The Catalan energy multinational’s earnings before interest, taxes, depreciation and amortization (EBITDA) reached €5.08 billion, 9.4% more than in 2011, thanks to its international business, which grew by 22.6% and balanced out the stagnation in the Spanish market. In fact, Gas Natural Fenosa’s business in Spain now only accounts for 56.8% of its gross profits, while in 2011 this represented 61.5%. Furthermore, the firm’s financial debt decreased by 7.5% and now the company’s financial debt/EBITDA ration is 3.1. With these results, the Barcelona-based company has fulfilled the objectives of its strategic plan up until 2012.

Leading Catalan electric and natural gas company Gas Natural Fenosa has bought 10% of Medgaz, a submarine gas pipeline between Algeria and Europe that provides natural gas to the south of Europe. The pipeline has a capacity of transporting eight billion cubic meters per year and the acquisition has cost the Catalan company €61.9 million. Gas Natural Fenosa will use 10% of the transport capacity of the gas pipeline. The contract will last for 18 years.