Connection

popular articles

World Oil Reserves: Stable at 1,536 Billion Barrels
Hungary-Slovakia: “No Oil Supply Risk” according to the EC
Oil and gas companies tackling methane
Primary Hydrogen Corp. acquires the Hopkins Project in Ontario
The Port Harcourt Refinery Restarts: A New Breath for the Nigerian Economy

Repsol acquires Asterion Energies

Repsol announces the acquisition of Asterion Energies from the European infrastructure fund Asterion Industrial.

Please share:

Repsol announces the acquisition of Asterion Energies from the European infrastructure fund Asterion Industrial.

A strategic acquisition

Repsol acquires Asterion Energies for €560 million plus €20 million contingent. The transaction is an important step in Repsol’s ambition to become a global player in renewable energy. Thus, the Spanish company seeks to strengthen its position in key markets in Europe.

Asterion Energies manages a portfolio of renewable energy projects, mostly under development, totaling 7700MW. 84% of this power is located in Spain against 12% in Italy. Finally 4% are in France.

Asterion Energies’ portfolio of assets includes 4900MW of solar and 2800MW of wind generation. In addition, 2500MW are in advanced stages of development or under construction. In addition, Repsol is integrating Asterion Energies’ renewable assets and energy storage development teams.

A diversified portfolio

Josu Jon Imaz, CEO of Repsol, states:

“We are realizing our ambition to be leaders in the energy transition, taking firm steps, such as this asset acquisition, to achieve our goals of growth, diversification and multi-energy focus. The projects and human talent we are incorporating with this transaction perfectly complement our strategy.”

In addition, in 2019, the Spanish company committed to achieving net zero emissions by 2050. Thus, the company is making progress in achieving its objectives of geographic diversification of its renewable energy business.

Repsol’s 2021-2025 strategic plan calls for reaching 6,000MW of installedrenewable energy generation capacity by 2025. In addition, the company aims to reach 20,000 MW by 2030. Prior to this transaction, the portfolio of renewable energy projects amounted to 1600MW.

Repsol has 1470MW of installed renewable energy capacity in Spain. In addition, it owns 62.5MW in the United States, 96MW in Chile and 3MW of the WindFloat Atlantic floating wind farm in Portugal. In addition, it has more than 2000MW under construction, including 1180MW in Spain, 719MW in the United States and 120MW in Chile.

Register free of charge for uninterrupted access.

Publicite

Latest news

JA Solar delivers 1 GW of PV modules for the renewable energy pilot project in the Ulan Buh Desert
Record Investments in Fusion Energy: $7 Billion in 2024
Conversion of the Emile-Huchet Power Plant: The Stakes of a Unique Project in Europe
Ormat Technologies signs a 10-year contract with Calpine Energy Solutions for 15 MW of geothermal energy
Iran’s Nuclear Program: Acceleration and Geopolitical Challenges

Recently published in

JA Solar delivers 1 GW of PV modules for the renewable energy pilot project in the Ulan Buh Desert

JA Solar has completed the delivery of 1 GW of n-type photovoltaic modules for the renewable energy pilot project in the Ulan Buh Desert, a key part of the 12 GW plan to transform this region into a major wind and solar energy hub.
Ardagh and CI Renewables finalize a 13 MW solar power plant in California
A 13 MW solar power plant will supply 20% of the energy needs of Ardagh’s Madera facility in California.
en_11401380540
Ardagh and CI Renewables finalize a 13 MW solar power plant in California
A 13 MW solar power plant will supply 20% of the energy needs of Ardagh’s Madera facility in California.
en_11401380540
Top 10 Global Solar Panel Manufacturers Show Resilience Amid Price Pressure in 2024
Despite a historic drop in solar module prices, the top ten global manufacturers show remarkable resilience. Their production capacity is sufficient to meet annual global demand, according to Wood Mackenzie.
en_11401345540
Top 10 Global Solar Panel Manufacturers Show Resilience Amid Price Pressure in 2024
Despite a historic drop in solar module prices, the top ten global manufacturers show remarkable resilience. Their production capacity is sufficient to meet annual global demand, according to Wood Mackenzie.
en_11401345540
China Shatters Renewable Energy Installation Records in 2024
With 277 GW of new solar installations and 80 GW of wind energy in 2024, China cements its global leadership in renewable capacities, surpassing its climate targets while advancing its energy development.
en_11401360540
China Shatters Renewable Energy Installation Records in 2024
With 277 GW of new solar installations and 80 GW of wind energy in 2024, China cements its global leadership in renewable capacities, surpassing its climate targets while advancing its energy development.
en_11401360540

Indonesia: Launch of a Solar Power Plant with Energy Storage, a Historic First

Indonesia inaugurates its first solar power plant integrated with energy storage, a 50 MW project in Nusantara aimed at strengthening energy security.
Strategic Contract for Photovoltaic Storage in Egypt: CEEC and JA Solar in Partnership
A 1.25 GW contract seals the collaboration between CEEC and JA Solar to develop the largest photovoltaic storage project in Africa, strengthening the integration of renewable energy into Egypt’s grid.
en_11401341540
Strategic Contract for Photovoltaic Storage in Egypt: CEEC and JA Solar in Partnership
A 1.25 GW contract seals the collaboration between CEEC and JA Solar to develop the largest photovoltaic storage project in Africa, strengthening the integration of renewable energy into Egypt’s grid.
en_11401341540
A Strategic 15-Year Contract for a Solar Project in Romania
Romania awards a 15-year CfD contract to a consortium for a 190 MW solar portfolio, as part of its energy transition strategy supported by the European Union’s Modernisation Fund.
en_11401339540
A Strategic 15-Year Contract for a Solar Project in Romania
Romania awards a 15-year CfD contract to a consortium for a 190 MW solar portfolio, as part of its energy transition strategy supported by the European Union’s Modernisation Fund.
en_11401339540
Brookfield and Antin Inject Over $1 Billion into Origis Energy
Brookfield Asset Management and Antin Infrastructure Partners join forces to inject over $1 billion into Origis Energy, bolstering solar and energy storage capabilities in the United States.
en_11401290540
Brookfield and Antin Inject Over $1 Billion into Origis Energy
Brookfield Asset Management and Antin Infrastructure Partners join forces to inject over $1 billion into Origis Energy, bolstering solar and energy storage capabilities in the United States.
en_11401290540

ES Foundry Signs GW+ Contract to Strengthen U.S. Solar Production

ES Foundry, an American solar cell manufacturer, has entered into a multi-year agreement with a leading solar module producer, marking a key step toward reducing import dependence and reinforcing the national energy supply chain.
$312 Million Financing Secures Solar and Storage Project in New Mexico
A $312 million energy project financed by Crédit Agricole and ING in New Mexico highlights the growing interest in combined solar and storage solutions to meet decarbonization needs.
en_11401296540
$312 Million Financing Secures Solar and Storage Project in New Mexico
A $312 million energy project financed by Crédit Agricole and ING in New Mexico highlights the growing interest in combined solar and storage solutions to meet decarbonization needs.
en_11401296540
Emeren sells 65 MWp solar portfolio to Trina Solar
The transaction between Emeren and Trina Solar involves 65 MWp of solar projects in Germany, highlighting growing momentum in a key European renewable energy market.
en_11401292540
Emeren sells 65 MWp solar portfolio to Trina Solar
The transaction between Emeren and Trina Solar involves 65 MWp of solar projects in Germany, highlighting growing momentum in a key European renewable energy market.
en_11401292540
ElectriFI supports 60,000 households with investment in Moon Togo
ElectriFI funds Moon Togo to accelerate rural electrification. This project aims to reach 60,000 households by integrating sustainable solar solutions and reducing electricity access disparities.
en_11401259540
ElectriFI supports 60,000 households with investment in Moon Togo
ElectriFI funds Moon Togo to accelerate rural electrification. This project aims to reach 60,000 households by integrating sustainable solar solutions and reducing electricity access disparities.
en_11401259540

The United Arab Emirates launches a 5.2 GW solar project with storage

The United Arab Emirates inaugurates a groundbreaking solar energy project combining a 5.2 GW capacity with 19 GWh battery storage, ensuring continuous energy supply.
Sunsure Energy secures USD 50 million for a 150 MWp solar park in Maharashtra
A financing of USD 50 million has been granted to Sunsure Energy by Aseem Infrastructure Finance to develop a 150 MWp open-access solar park in Solapur, Maharashtra, targeting industrial clients.
en_11401243540
Sunsure Energy secures USD 50 million for a 150 MWp solar park in Maharashtra
A financing of USD 50 million has been granted to Sunsure Energy by Aseem Infrastructure Finance to develop a 150 MWp open-access solar park in Solapur, Maharashtra, targeting industrial clients.
en_11401243540
Portugal welcomes Exus Renewables for a 130 MW solar project
Exus Renewables acquires the Cibele solar farm in Portugal, adding 130 MW to its European portfolio. This strategic transaction strengthens Portugal's solar ambitions and attracts international renewable energy investments.
en_11401249540
Portugal welcomes Exus Renewables for a 130 MW solar project
Exus Renewables acquires the Cibele solar farm in Portugal, adding 130 MW to its European portfolio. This strategic transaction strengthens Portugal's solar ambitions and attracts international renewable energy investments.
en_11401249540
Bosnia and Herzegovina welcomes Arctech for a 125-megawatt solar project
Arctech, in collaboration with NORINCO International, will equip a 125 MW solar project in Bosnia and Herzegovina, reflecting the region's renewable energy ambitions.
en_11401240540
Bosnia and Herzegovina welcomes Arctech for a 125-megawatt solar project
Arctech, in collaboration with NORINCO International, will equip a 125 MW solar project in Bosnia and Herzegovina, reflecting the region's renewable energy ambitions.
en_11401240540

Meta and ENGIE strengthen their partnership with a 200 MW solar energy agreement

Meta and ENGIE announce a new agreement to supply 200 MW of renewable energy from the Anson 2 solar project in Texas, supporting Meta’s net-zero goals and growing energy needs.
Indonesia invests $115 million in Philippine solar energy
Pertamina, an Indonesian state-owned actor, acquires 20% of Citicore Renewable Energy Corporation to fund green energy projects in the Philippines, bolstering its regional strategy.
en_11401223540
Indonesia invests $115 million in Philippine solar energy
Pertamina, an Indonesian state-owned actor, acquires 20% of Citicore Renewable Energy Corporation to fund green energy projects in the Philippines, bolstering its regional strategy.
en_11401223540
India and NHPC invest 660 million USD for 1,000 MW in Bihar
NHPC and the Indian government commit 660 million USD to solar and green hydrogen projects in Bihar. This initiative will develop 1,000 MW of capacity while creating 800 jobs.
en_11401232540
India and NHPC invest 660 million USD for 1,000 MW in Bihar
NHPC and the Indian government commit 660 million USD to solar and green hydrogen projects in Bihar. This initiative will develop 1,000 MW of capacity while creating 800 jobs.
en_11401232540
Nigeria Sees Husk Install 20 MW of Solar Mini-Grids in 2024
Husk Power Systems doubled its network of solar mini-grids in 2024, reaching 20 MW installed capacity, positioning itself as a key player in rural electrification across Sub-Saharan Africa.
en_11401233540
Nigeria Sees Husk Install 20 MW of Solar Mini-Grids in 2024
Husk Power Systems doubled its network of solar mini-grids in 2024, reaching 20 MW installed capacity, positioning itself as a key player in rural electrification across Sub-Saharan Africa.
en_11401233540

PureSky Energy inaugurates a 4.4 MW solar farm with energy storage in the United States

A 4.4 MW solar farm coupled with a 1.4 MW energy storage solution has been commissioned in Massachusetts. This project highlights the economic and political dynamics of hybrid infrastructures in the energy sector.
Nevada Welcomes a 226 MW Solar Project with Bechtel and Estuary Power
Bechtel and Estuary Power collaborate to develop a 226-megawatt solar project in Lincoln County, aiming to provide renewable energy to major companies in southern Nevada.
en_11401187540
Nevada Welcomes a 226 MW Solar Project with Bechtel and Estuary Power
Bechtel and Estuary Power collaborate to develop a 226-megawatt solar project in Lincoln County, aiming to provide renewable energy to major companies in southern Nevada.
en_11401187540
Contract Awarded for a 9.99 MWac Floating Solar Farm in Malaysia
A USD 4.5 million contract has been awarded in Malaysia for the construction of a 9.99 MWac floating solar farm, highlighting economic and industrial dynamics in the regional photovoltaic sector.
en_11401168540
Contract Awarded for a 9.99 MWac Floating Solar Farm in Malaysia
A USD 4.5 million contract has been awarded in Malaysia for the construction of a 9.99 MWac floating solar farm, highlighting economic and industrial dynamics in the regional photovoltaic sector.
en_11401168540
United States: SolarPanelRecycling.com Targets 99% Recycling for Bifacial Panels
In the United States, SolarPanelRecycling.com announces a dedicated recycling line for bifacial panels, aiming for 99% material recovery to address a market undergoing significant technological and logistical transitions.
en_11401183540
United States: SolarPanelRecycling.com Targets 99% Recycling for Bifacial Panels
In the United States, SolarPanelRecycling.com announces a dedicated recycling line for bifacial panels, aiming for 99% material recovery to address a market undergoing significant technological and logistical transitions.
en_11401183540

Advertising

LEGAL

FOSSILS

POLICY

RENEWABLE

PLUS

VERVANT

Welcome

Your subscription

Included in this subscription:

COMMUNICATE ON ENERGYNEWS