Repsol has acquired Asterion Energies, which manages a portfolio of renewable assets of 7,700 MW in Spain, Italy, and France for European infrastructure fund Asterion Industrial, for a total of €560 million plus contingent payments of up to €20 million. The transaction represents a new milestone in the fulfillment of Repsol’s 2021-2025 Strategic Plan, which […]
Pontegadea partners again with Repsol in a renewable asset, the Kappa solar plant – EQ Mag Pro
Pontegadea has invested 27 million euros to acquire 49% of Kappa, a 126.7 MW solar facility in Manzanares (Ciudad Real). This transaction values the asset at 109 million, including the project debt. This is Repsol’s second transaction with Amancio Ortega’s investment company, which acquired 49% of the Delta wind farm in November 2021. The transaction […]
Repsol adds EIP and Crédit Agricole Assurances as partners to grow its Renewables business – EQ Mag Pro
Crédit Agricole Assurances and Energy Infrastructure Partners (EIP) have signed an agreement to acquire 25% of Repsol Renovables for €905 million. This price implies valuing Repsol’s renewables business at €4.383 billion, including debt. The agreement was approved at an extraordinary meeting of the Board of Directors held today. The transaction represents a new milestone in […]
Repsol starts producing electricity at Jicarilla 2, its first solar plant in the US – EQ Mag Pro
It is the first renewable project built and operated by Repsol in the United States and it has a total installed capacity of 62.5 megawatts (MW), which will be able to supply electricity to 16,000 homes. It is in Rio Arriba County, in the state of New Mexico, and its renewable generation will prevent the […]
Repsol raises low-carbon targets to speed up energy transition – EQ Mag Pro
Repsol said it now plans to have installed wind, solar and hydro plants with a combined capacity of 20 gigawatts (GW) by 2030, up from its previous target of 12.7 GW MADRID: Spain’s Repsol has hiked its 2030 capacity target for renewable energy generation by 60% and made a new pledge on cutting emissions from […]
Repsol S A : Enters the U.S. Renewables Market With the Purchase of 40% of Project Developer Hecate Energy
Repsol has signed an agreement to acquire 40% of Hecate Energy, a U.S.-based PV solar and battery storage project developer. This transaction is Repsol’s first foray into the U.S. renewables market. It complements the company’s capabilities and portfolio and adds a solid platform with strong growth potential. Hecate Energy has a portfolio of more than […]
REPSOL JOINS INTERNATIONAL CONSORTIUM TO DEVELOP RENEWABLE HYDROGEN TECHNOLOGY
Repsol S.A. (Madrid, Spain) has joined an international consortium to develop cutting-edge renewable hydrogen technology. The H24All project, led by a consortium of fifteen partners, has presented an application for European Green Deal funding to develop Europe’s first 100 megawatt (MW) alkaline electrolyzer plant, which will be connected to a Repsol industrial site. The consortium […]
Repsol starts building first solar farm with workers spaced apart
Traditionally fossil fuel-focused European energy firms are buying or building clean energy plants as part of ambitious targets to cut global emissions MADRID: Construction teams have started building oil and gas firm Repsol’s first solar plant, observing strict distancing measures due to the coronavirus, the company said on Wednesday. Traditionally fossil fuel-focused European energy firms […]
Spanish Oil Major Repsol to Build 860MW of Wind Farms at Home
Repsol was the first oil major to set a net-zero target, and now it’s leading an Iberian renewables charge. Spanish oil major Repsol will build and operate 860 megawatts spanning 26 new wind farms in its home country, nearly doubling its pipeline of renewables projects in development. Repsol was the first among its oil and […]
Repsol nears 2025 renewable target after adding 800MW to its pipeline
MADRID: Spanish energy company Repsol announced three renewable generation projects with a total generation capacity of 800 megawatts (MW) on Monday, bringing it a step closer to its 2025 target of 4,500 MW of low-emission power generation. The renewable projects raised Repsol’s low-emissions generation capacity to 90% of its target for the next six years. […]