Home Europe & UK Repsol takes renewables drive beyond Iberia with Chile joint venture
Repsol takes renewables drive beyond Iberia with Chile joint venture

Repsol takes renewables drive beyond Iberia with Chile joint venture

0
0

The tie-up with Grupo Ibereolica Renovables will be Repsol’s first renewable energy project outside Spain and Portugal

MADRID: Spain’s Repsol has signed up to create a joint venture with a Spanish renewable energy group to run a portfolio of wind and solar generation sites in Chile, the oil and gas company said in a statement on Thursday.

The tie-up with Grupo Ibereolica Renovables will be Repsol’s first renewable energy project outside Spain and Portugal, and will run more than 1.6 GW of capacity by 2025, with another 1 GW planned for 2030.

Repsol will invest 168 million euros ($194.7 million) for a 50% stake in the venture, which takes it a step further to meeting a targeted 7.5 GW renewable generation capacity by 2025.

($1 = 0.8629 euros)

Source: reuters
Anand Gupta Editor - EQ Int'l Media Network
Open chat