Repsol targets 15GW of renewables capacity by 2030

Facebook
Twitter
LinkedIn
Reddit
Email
Image: Repsol/ Flickr.

Repsol will ramp up investment in solar PV and wind in the next five years as looks to reach 15GW of renewable energy capacity by 2030.

The Spanish oil major will spend €5.5 billion (US$6.6 billion) between 2021 and 2025 on low carbon technologies to help it develop more than 500MW of green energy projects annually. Then, from 2025 to 2030, the firm is targeting the addition of more than 1GW of installed renewables capacity each year.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

The investments form part of Repsol’s new strategic plan that CEO Josu Jon Imaz says represents “a significant step” towards it reaching net zero – a goal it aims to achieve by 2050.

The new business model contemplates the incorporation of partners or investors to the low-carbon generation business or a possible listing to accelerate the achievement of objectives.

Having entered the PV market in 2018, Repsol currently has just 390MW of solar projects under construction, both in Spain: the 264MW Valdesolar farm in Extremadura and the 126MW Kappa facility in Castilla-La Mancha. These are slated for completion in the first half of next year.

However, the company currently has 4,305MW of solar projects under development and negotiations.

Repsol also hinted at further acquisitions of assets to boost its renewables business outside Spain. Earlier this year, it partnered with Grupo Ibereólica Renovables to create a joint venture in Chile that will develop more than 1.6GW of green energy projects by 2025. Repsol will invest €168 million in the venture by 2023 and will have the option to take control of it from 2025.

The company’s strategic plan also includes renewable hydrogen, which it says will be important for the decarbonisation of industry. In Spain and Portugal, it aims to achieve green hydrogen production of the equivalent of 400MW by 2025, with the ambition of exceeding 1.2GW in 2030.

2 December 2025
Málaga, Spain
Understanding PV module supply to the European market in 2026. PV ModuleTech Europe 2025 is a two-day conference that tackles these challenges directly, with an agenda that addresses all aspects of module supplier selection; product availability, technology offerings, traceability of supply-chain, factory auditing, module testing and reliability, and company bankability.

Read Next

June 30, 2025
Eni subsidiary Plentiude has started operations at the northern block of its 330MW Renopool solar portfolio in Spain.
June 30, 2025
The Spanish government has launched a €100 million (US$117 million) aid programme to help promote the recycling and reuse of materials from renewable energy projects.
June 30, 2025
Australian module manufacturer Tindo Solar has secured a 30MW solar module supply agreement to power Australia's first "net zero pipeline”.
June 27, 2025
Renewables investment platform Nexwell Power has signed a round of power purchase agreements (PPAs) with “one of the largest” US tech companies for solar PV capacity to be built in Spain.
June 25, 2025
The Spanish government has approved a series of measures aimed at reinforcing the electrical system and strengthening the supervision of operators.
June 25, 2025
Spanish energy utility giant Iberdrola has appointed the former CEO of its US renewable energy development subsidiary, Avangrid, as its new head.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
June 30, 2025
10am PST / 6pm BST
Solar Media Events
July 1, 2025
London, UK
Solar Media Events
July 1, 2025
London, UK
Media Partners, Solar Media Events
July 2, 2025
Bangkok, Thailand
Media Partners, Solar Media Events
September 2, 2025
Mexico City, Mexico