Josu Jon Imaz

The purchase is for EUR 560 million plus approximately EUR 20 million in contingent payments. Repsol thinks that the transaction will certainly aid it to become a global player in renewable energy and reinforces its placement in key markets within Europe.

Pontegadea has actually spent EUR27m to acquire its stake in the 127MW Kappa plant in Manzanares

Spanish oil and also gas significant Repsol has actually boosted its 2030 renewables target to 20GW, the bulk of which is expected to be solar PV, as part of efforts to get to net absolutely no discharges by 2050.

Spanish oil and gas significant Repsol has actually raised its renewable energy target from 5.2 GW to 6GW and also its Low Carbon generation purpose from 7.5 GW to 8.3 GW by 2025 after publishing solid financial results for Q2, which saw the company largely return to pre-pandemic levels.

Repsol will increase investment in solar PV and also wind in the following 5 years as seek to reach 15GW of renewable energy capability by 2030.