reply It is restarting its growth in renewable energy and is doing so quickly. The group, its expansion in green energies, Acquisition of Asterion Energies, which manages 7,700 megawatts (MW) of assets in Spain, Italy and France. As confirmed by the group to the CNMV, the Spanish oil company will pay 560 million euros plus a maximum of 20 million more for variable payments.
Repsol beats the record with the operation, which is the largest of the group on the green bet. renewable energy growth targets of the strategic plan, It plans to reach a generation capacity of 6,000 MW in 2025 and 20,000 MW in 2030. under development or construction.
this Led by Josu Jon Imaz, the company already has more than 1,600 MW of installed renewable capacity. Repsol’s existing portfolio of installed renewable generation projects prior to the acquisition includes 1,470 MW of installed renewable capacity in Spain, 62.5 MW in the United States, 96 MW in Chile and 3 MW of WindFloat Atlantic floating wind farm (Portugal). contains the In addition, there are more than 2,000 MW already under construction: 1,180 MW in Spain, 719 MW in the United States, and 120 MW in Chile.
“We are achieving our goal of being a leader in the energy transition, with confident strides in acquiring these assets to achieve our growth, diversification and multi-energy focus goals. Repsol CEO Imaz said the projects and human talent we’ve combined with this acquisition perfectly complement our strategy.
The oil group, which has turned into a multi-energy company, added two partners last June to restart the expansion of its renewable subsidiary by selling 25% of its green subsidiary for €905m to a consortium formed by Crédit Agricole Assurances and Energy Infrastructure Partners. (EIP). The operation put a valuation of Repsol’s renewable business at €4.383 million, including debt and minorities.