Repsol to sell 49% of its renewable energy portfolio in Spain

Repsol will sell 49% of its renewable energy portfolio in Spain and conduct studies on public exploration

One of many sources confirmed earlier data within the Spanish paper that the Repsol deal can be value between 700 and 800 million euros ($771 and 881 million). secret,

The renewable energy crops which can be about to return into operation or that already produce vitality have a complete capability of 600 megawatts and are positioned in Andalusia, Aragon, Castilla-La Mancha and Castilla y León, mentioned the sources, who cited requested to not as he was not licensed to debate the matter.

With its sunny plains, its rivers with nice reservoirs and its rolling slopes, Spain is attracting traders in direction of renewable vitality tasksWhereas the federal government intends to cut back greenhouse gasoline emissions by 30% in 2030 from the emissions emitted in 1990.

Like Repsol, different traders and vitality corporations are elevating money to spend money on new tasks by promoting stakes in additional superior tasks.

On the similar time, Repsol research taking its exploration enterprise publicIn accordance with its 2050 strategic plan, which Renta 4 analyzed this Wednesday. The Spanish oil firm estimates that 350,000 – 400,000 barrels of oil can be produced within the enterprise combine in 2050, with renewable vitality manufacturing reaching between 40-55 Gw. And they’re going to produce 10-15 Gw of inexperienced hydrogen.

“Within the exploration enterprise, it’s estimated that manufacturing can be lowered by 250,000 – 300,000 barrels per day. This discount is anticipated to start in 2030 following the portfolio optimization course of, through which the corporate is immersed within the wells already prioritized operation with a brief life cycle and a low carbon footprint”, he tells Renta 4.

Click to rate this post!
[Total: 0 Average: 0]