We lead the development of pioneering energies and solutions for sustainable mobility, by researching, developing, and producing biofuels, and through our investments in the electric mobility and shared mobility sectors.
We are positioning ourselves in the new, low-emission energy market with renewable energies and natural gas combined cycles.
We are at the forefront of advanced biofuel production
We are promoting the evolution toward sustainable transportation through a variety of synergies with projects in this area:
With a fleet of 500 cars, the plugin hybrid Kia Niro, the new carsharing operator provides everybody living in Madrid with the safest vehicle on the carsharing market.
The company’s strategy is to advance towards a future of low emissions. Our objective is to make progress in the energy transition and reduce the emissions related to Repsol’s operations and products, in line with the company’s commitment to fight climate change as set out in the Paris Agreement. Between 2018 and 2020, we are committed to invest 2.5 billion euros in renewable energies, combined cycles, and other low-emission technologies, in order to reach an installed capacity of 4.5 GW by 2025.
We currently have an installed hydraulic capacity of 0.7 GW and 1.6 GW in natural gas combined cycles, on top of the 1.6 GW generated by our cogeneration units.
We also plan to continue work on the WindFloat Atlantic project as part of a consortium made up of EDP Renewables, Mitsubishi Corp., Chiyoda Corp., Engie, and Repsol. Startup is expected in 2019, with an installed capacity of 25 MW, and this will be the first next-generation offshore wind farm on the Iberian Peninsula, constructed using Windfloat technology provided by Principle Power, a company that we hold shares in.