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.
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 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.
