- Accompanied by the Minister of Economy, Industry and Innovation, María Jesús Lorenzana, the president of the Xunta de Galicia discovered, with the help of Pablo Fernández Castro, president of the energy company, the company’s commitment to the future for the coming years.
- Norvento Enerxía’s technological and industrial plan, expected for 2026, will implement investments of 521 million euros and the generation of more than 5.700 direct, indirect, and associated jobs.
- The company will build a new self-sufficient, zero-emission factory in Lugo, declared as a “Singular Business Project” by the Xunta de Galicia, and a building that will produce green hydrogen close to its CIne headquarters.
The President of the Xunta de Galicia, Alfonso Rueda, together with the Galician Councillor of Economy, Industry, and Innovation, María Jesús Lorenzana, have visited today the Norvento Enerxía Innovation Center -CIne-, the company’s headquarters in Lugo, where they were able to meet first-hand the commitment to the future of the Galician energy company for the coming years.
Hand in hand with the president of Norvento, Pablo Fernández Castro, and accompanied by the vice president of Norvento, Marta Fernández Castro, the general director of Energy Planning and Natural Resources, Pablo Fernández Vila, and the territorial delegate of the Xunta in Lugo, Javier Arias Fouz. The head of the Galician executive and the head of Economy, Industry, and Innovation, toured the different facilities of the company’s Cine headquarters. They also visited the attached generation building, which, forming a microgrid, supplies the Norvento facilities with 100% renewable energy, allowing them to be completely self-sufficient.
Alfonso Rueda and María Jesús Lorenzana were also able to see the inside of the nED100 wind turbine and the nGM200 electronic power converters, proprietary technology that Norvento designs and produces at its factory in Villalba (Lugo), which symbolize the firm commitment of the company for the development of equipment and solutions that favor, from Galicia, energy and technological independence.
A key Galician project with national repercussions
During the visit, Pablo Fernández Castro had the opportunity to explain in detail to Alfonso Rueda the investment project that the company plans to launch with a horizon of 2026. It is a complete technological and industrial Plan that ratifies Norvento’s commitment to the social, economic, and industrial development of Galicia, but also of the whole country, since it is estimated that it will involve investments of 521 million euros, as well as the generation of 5,756 qualified and quality jobs between direct, indirect and associated.
Norvento’s business project for the coming years involves promoting the energy transition in Spain under a clean and decarbonized generation model, with the commissioning by 2026 of more than 350 MW of renewable generation, mainly wind power. These investments, which will exceed 445 million euros, will go to Norvento accompanied by a strong boost to disruptive and cutting-edge technology in the renewable energy sector, thanks to the reinvestment of the profits obtained from its wind farms, in equipment and advanced energy solutions, which will reach 62 million euros.
Products with high added value and green hydrogen
As part of the company’s strong commitment to renewable technology, Norvento will allocate 51 million euros to the construction of a new carbon-neutral and self-sufficient factory aimed at producing a whole range of products for energy generation and storage. This new factory, called the Norvento Enerxía Cero Factory and recently declared by the Xunta de Galicia as a “Singular Business Project”, will be located in the As Gándaras Business Park, in Lugo, near the corporate headquarters. The start of its construction is scheduled for the second half of 2024.
Likewise, Norvento will launch a green hydrogen project in the vicinity of its CIne headquarters, which will involve an investment of 5 million euros, the construction of an annex building that will take advantage of the surplus energy from the complex, to produce hydrogen by electrolysis. With this hydrogen, the need of the headquarters itself will be supplied at times of low renewable resources. In addition, the surplus will be injected into the gas network of the city of Lugo, thanks to an agreement that Norvento reached with Nedgia, Naturgy gas distribution subsidiary, which will be in charge of deploying the necessary infrastructure to connect natural gas to the gas network.
During the visit to CIne, Alfonso Rueda highlighted the work of Norvento: “As a purely Galician company, at the forefront of renewable energy.” The president of the Xunta de Galicia has influenced the company’s commitment to allocate “a large part of its profits to R+D+i, a vision that positions Norvento within Galicia, which is powerful in renewables”. Likewise, he expressed his gratitude to the project chaired by Pablo Fernández Castro, as a “company that wants to grow and invest from Galicia, generating thousands of quality jobs.”
For his part, Pablo Fernández Castro, president of Norvento Enerxía, pointed out that “Norvento is today one of the few Spanish companies in the renewable energy industry that operates throughout the entire value chain. We not only generate energy and provide advanced solutions for self-consumption, but we also have a unique element: we design and manufacture wind turbines and battery storage systems”. Likewise, the president of Norvento has emphasized that “Our business model allows us to reinvest the benefits we obtain by generating electricity in our wind farms, to develop high-tech products and generate industrial activity in Galicia, with investment and quality employment, thus making our dream of contributing to energy and technological independence a reality”.