Naturgy, through its subsidiary Global Power Generation, a joint venture of Naturgy Energy Group, SA (75%) and the Kuwait Investment Authority (25%), acquired the Cunderdin
![](https://mercomcapital.com/wp-content/uploads/2022/09/Naturgy-Acquires-125-MW-of-Hybrid-Solar-and-Storage-Project-in-Australia.png)
Naturgy, through its subsidiary Global Power Generation, a joint venture of Naturgy Energy Group, SA (75%) and the Kuwait Investment Authority (25%), acquired the Cunderdin
Polarium, a commercial and industrial energy storage solutions provider, raised SEK 955 million (~$100 million) from Swedish pension company AMF at a $1 billion valuation.