repsol

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.

Spanish oil and gas major Repsol and telecommunications firm Telefonica have formed a joint venture (JV) to provide solar installs and energy services across different target markets in Spain.

Hecate Energy’s first stage application for a 500MW solar PV plant in the state of New York has been accepted by the newly formed New York State Office of Renewable Energy Siting (ORES).

Spanish oil and gas major Repsol has increased its 2030 renewables target to 20GW, the bulk of which is expected to be solar PV, as part of efforts to reach net zero emissions by 2050.

Spanish oil and gas major Repsol has increased its renewable energy target from 5.2GW to 6GW and its Low Carbon generation objective from 7.5GW to 8.3 GW by 2025 after posting strong financial results for Q2 which saw the company largely return to pre-pandemic levels

A round-up of the latest solar financing news, featuring Repsol’s move into the US renewables market, Aquila’s latest acquisition in Portugal and VivoPower taking full control of its US PV development portfolio.

Repsol has opened its first PV solar farm with a total installed capacity of 126.6MW, representing a €100 million investment

The construction of two US solar projects totalling 600MW, including one paired with 50MW of energy storage, has started this month, developer Hecate Energy has announced.

Spanish oil major Repsol has made its first foray into the US renewables market with the acquisition of a 40% stake in solar and energy storage project developer Hecate Energy.

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.