These results come against a backdrop of significant volatility in energy markets, particularly since the start of the conflict in Iran, which has increased price fluctuations and restricted supply.

The pilot, which started in early July, will demonstrate the real-world potential of vehicles running exclusively on renewable fuels.

Repsol has signed a memorandum of understanding with Venezuela's Ministry of Hydrocarbons and state-owned oil company Petróleos de Venezuela (PDVSA) to assess the potential development of a new area known as Horcón, located southeast of Lake Maracaibo.

Masdar to acquire 49.99% stake in €849 million, 705 MW operational portfolio with potential for 565 MW of future hybridization growth. Through this transaction, Repsol advances its asset rotation strategy across its renewable’s portfolio.

Repsol is strengthening its leadership as the leading producer and marketer of renewable fuels with the launch of its second 100% renewable fuel plant on the Iberian Peninsula, located at its Puertollano industrial complex (Ciudad Real).

Pinnington is one of the largest solar projects and strengthens Repsol’s renewable footprint in the USA.