The European Investment Bank (EIB) has granted a €575 million (US$637 million) loan to Spanish oil major Repsol to roll out 1.1GW of renewables in Spain.
Joint-venture (JV) Repsol Ibereólica Renovables Chile, equally owned by Spanish oil major Repsol and renewables company Ibereólica Renovables Group has commissioned 76.8MW of a solar PV project in Chile.
The solar projects are part of Repsol's plan to expand its business to international markets, as Italy offers great potential to strengthen its position in crucial European markets.
Spanish oil major Repsol has acquired renewables energy investment platform Asterion Energies from European infrastructure fund Asterion Industrial for €560 million, plus up to €20 million in contingent payments.
Spanish oil major Repsol has sold a 25% stake of its renewables arm to a consortium formed by Crédit Agricole Assurances and Energy Infrastructure Partners.
