Repsol buys renewables assets in Chile

Press Release 23/07/2020 17:30

Repsol continues its expansion in renewable energy through an agreement with Grupo Ibereólica Renovables, gaining access to a portfolio in Chile of renewables projects in operation, construction or development of more than 1,600 MW in 2025, with the possibility to exceed 2,600 MW in 2030.
Repsol and Grupo Ibereólica Renovables will create a joint venture with each party holding 50%, in which Repsol, through an increase of capital of 168 million euros, will strengthen the resources of the new company to develop and build five renewables projects within the next five years.
In a challenging environment due to the coronavirus pandemic, Repsol is reinforcing its commitment to renewable generation and takes a significant step towards becoming a net zero emissions company in 2050.

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