Zara Founder Decides to Invest in Renewable Energy and Acquires 5% Stake in Enagás

Written by Ruth Rodrigues

Published on 28/07/2022 at 03:48

Foto: Enagás

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The Billionaire And Owner Of Zara Decided To Invest In The Renewable Energy Sector And Bought About 5% Of The Energy Department Of The Company Enagás. The Purchase Will Allow Enagás To Strengthen Itself Even More In The Renewable Energy Sector, Especially Green Hydrogen.

On Wednesday, (07/27), the founder of Zara, Spanish billionaire Amancio Ortega, announced with the energy and gas company the purchase of 5% of the renewable energy sector of Enagás, which stated its financial goals for 2022 after reporting a rising profit in the first half.

The New Participation Of Zara Will Allow Enagás To Strengthen Itself In The Energy Sector

Ortega’s cooperation, the value of which has not yet been disclosed, will allow the energy and gas company to strengthen itself in the renewable energy department, especially in the green hydrogen sector, at a crucial moment for Spain, which was celebrated by the group in an official statement. It is worth remembering that the Spaniard was already a shareholder of the gas group since 2019, when he invested €281 million to buy an additional 5% of the company.

The new investment made by Ortega, now in the renewable energy sector, was announced a week after the energy company bought 30% of the subsidiary from the specialized fund Hy24. This fund was created in 2021 with the aim of developing the infrastructure and logistics related to hydrogen in Europe and the world, by French industrialists Air Liquide, TotalEnergies, and Vinci, along with the Ardian group.

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Understand More About The Gas Company And How It Works

Founded in 1972, Enagás S.A. is a Spanish company, a leader in the energy sector, in addition to being the owner and operator of Spain’s gas network (pipeline transport), it is also specialized in the storage and transportation of natural gas. The company also owns several LNG regasification terminals in Spain. Its stock is traded on the Madrid Stock Exchange.

The Enagás company aims to contribute to ensuring energy supply security, an essential service for the well-being of society, with high quality. Therefore, by creating the innovation process, the company increasingly seeks the decarbonization process and, thus, value for its stakeholders. Enagás guarantees quality and safety for all its customers.

The company has purchased stakes in LNG assets in Spain and Chile and will discuss purchases in Brazil. In the case of the purchase in Spanish territory, Enagás is acquiring a 42.5% stake in Union Fenosa Gas at the Sagunto LNG terminal for €106 million.

Earlier this year, the company already acquired a 30% stake in the Sagunto unit and also purchased, at that time, a stake in an LNG terminal in Bilbao, making the company operate in six such units across Spain.

Zara Founder Decides to Invest in Renewable Energy and Acquires 5% Stake in Enagás

The Billionaire And Owner Of Zara Decided To Invest In The Renewable Energy Sector And Bought About 5% Of The Energy Department Of The Company Enagás. The Purchase Will Allow Enagás To Strengthen Itself Even More In The Renewable Energy Sector, Especially Green Hydrogen.

The New Participation Of Zara Will Allow Enagás To Strengthen Itself In The Energy Sector

Understand More About The Gas Company And How It Works

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Zara Founder Decides to Invest in Renewable Energy and Acquires 5% Stake in Enagás

The Billionaire And Owner Of Zara Decided To Invest In The Renewable Energy Sector And Bought About 5% Of The Energy Department Of The Company Enagás. The Purchase Will Allow Enagás To Strengthen Itself Even More In The Renewable Energy Sector, Especially Green Hydrogen.

The New Participation Of Zara Will Allow Enagás To Strengthen Itself In The Energy Sector

Understand More About The Gas Company And How It Works

Engineers want to carve through Africa with a giant canal to bring water from the world’s second-largest river to a dying lake on the edge of the Sahara Desert that has already lost 90% of its water.

A giant brown band visible from space, approximately 8,850 kilometers long, connected Africa to America in the Atlantic Ocean, and satellites revealed that it is neither land nor pollution, but the largest accumulation of seaweed in the world, which broke records in 2025.

Workers were opening a modern road in Dover when they found, 6 meters below the asphalt, a 3,500-year-old boat made of stitched oak and plant fibers.

Instead of burning or burying old tires, an American city is transforming about 2,000 of them into the street itself, paving its first sections with a quieter and more durable rubber asphalt.

In just one cast, fishermen are surprised to capture 14,096 mullets in Bombinhas and close a historic season with 58,000 fish; scene recorded in the Santa Catarina paradise marks the last day of the 2026 season.

Consumers eat six times more chicken than in the 1960s, global meat supply quadruples in 60 years, and FAO report reveals the invisible cost on the plate: livestock could drive 80% of the increase in agricultural emissions over the next decade.

Motorcyclist sees excavator arriving at the edge of a river in Bosnia, calls neighbors in minutes and turns a hydroelectric project into a resistance lasting more than 10 years with five expired concessions.

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Startup creates “robot cowboys” with drones that move cattle via cell phone, reduce the use of motorcycles, horses, and helicopters, and also monitor weight, pasture, water, and sick animals on farms.

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