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 has strengthened its commitment to renewable generation with the creation of a joint venture in Chile that will develop more than 1.6GW of green energy projects by 2025, comprising two solar facilities and three wind farms.
Group rolls out COVID-19 precautions as it starts building 126MW trio in Ciudad Real and expects to break ground on 264MW PV project in Extremadura in ‘coming weeks’.
Crash of crude prices as virus tightens global grip may create challenges for firms relying on oil revenues as they finance a shift to green energy, IEA warns.
Solaria, the only solar PV power producer trading in the Spanish Stock Exchange, has signed off on a seven-year, power purchase agreement with Spanish oil company Repsol for a contracted power of 50MW.
