S'abonner

Repsol acquires Asterion Energies

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

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.

  • Populaires ​
Trump to impose 100% tariffs on buyers of Russian oil
Schlumberger divests assets to secure approval from Canada’s Competition Bureau
Syzygy Plasmonics and Velocys launch pioneering 500,000-gallon SAF project in Uruguay
Marseille court approves Bourbon’s accelerated financial restructuring
Asia-Pacific LNG physical market jumps 86% year over year despite geopolitical tensions
Scatec wins 846 MW solar project in South Africa for 735 mn USD
Scatec secures the development of a 846 MW photovoltaic cluster in the Free State province, with an investment of ZAR13bn ($735mn), following the seventh round of South Africa's REIPPPP programme.
Enbridge launches 600 MW solar project in Texas to power Meta
Enbridge invests $0.9bn in a 600 MW solar facility in Texas, fully dedicated to powering Meta Platforms, Inc.'s data centres through a long-term power purchase agreement.
ENGIE acquires a portfolio of 22 solar projects totalling 70 MW in Pennsylvania
ENGIE has announced the acquisition of 22 distributed solar projects in Pennsylvania, further strengthening its renewable energy expansion strategy while supporting the local economy and enhancing the reliability of the distribution grid.
Estuary Power launches Escape Solar and secures major additional financing
Estuary Power commissions the Escape Solar and Storage project in Nevada, integrating 185 megawatts of solar capacity and securing enhanced financing from institutional investors to supply electricity to several major players in the leisure sector.
US tariffs and FEOC restrictions threaten solar supply chain and create risks for the industry
New anti-dumping tariffs and Foreign Entity of Concern (FEOC) restrictions are disrupting the US solar supply chain, while ongoing dependence on China exposes the industry to significant risks, according to Wood Mackenzie.
Sri Lanka signs partnership to roll out solar energy at scale
Sri Lanka and the International Solar Alliance (ISA) have signed a strategic partnership to accelerate solar energy deployment in the country, aiming for 70% renewable energy by 2030.
Sunrun raises $431 million with residential solar system securitization
Sunrun announced the pricing of its $431 million securitization, involving leases and power purchase agreements. This marks the company’s 14th public securitization and its third of 2025.
Resalta acquires Statkraft’s Croatian platform, strengthening its position in Eastern Europe
Resalta has completed the acquisition of Statkraft’s Croatian platform, expanding its presence in renewable energy across Eastern Europe, with a portfolio of projects and a full local team.
Gaia finalises $11mn solar acquisition in South Africa with two photovoltaic assets
Gaia Renewables 1 has acquired a 10% stake in two solar power plants in the Northern Cape, following regulatory approval and financial close, strengthening its portfolio of independent assets.
Gutami Holding signs 150 MW solar deal with storage in Burkina Faso
Dutch firm Gutami Holding has signed a 25-year agreement with Burkina Faso and national utility SONABEL for a 150 MW solar project with 50 MW storage, valued at over €100mn ($109mn).
Azerbaijani sovereign fund acquires stake in 402 MW solar assets in Italy
SOFAZ acquires 49% of a 14-plant solar portfolio held by Enfinity Global in Lazio and Emilia-Romagna, reinforcing its long-term stable investment strategy.
Entech acquires 100 MWp of solar projects from international energy group
Entech spent €1.4mn to acquire a portfolio of photovoltaic projects under development across southern and central France, marking a first move in its external growth strategy following a recent capital increase.
MIGA grants $495 million in guarantees to CrossBoundary for 100 African projects
A guarantee operation orchestrated by the World Bank targets the expansion of distributed energy solutions across nearly twenty African markets, involving a project portfolio led by CrossBoundary Energy and a financial collaboration with Standard Bank South Africa.
South Africa: Eskom Under Pressure from Residential Solar Growth
Facing chronic power outages, South African households are increasingly turning to solar self-generation, jeopardizing Eskom's pricing model and widening energy-access inequalities between affluent neighborhoods and disadvantaged areas.
Sol Systems raises $675mn to support 500 MW of solar and storage projects in the United States
Sol Systems has secured a $675mn credit facility to accelerate the development of 500 MW of solar and storage projects in Illinois, Ohio and Texas, backed by an international banking consortium.
Solar becomes the leading source of electricity in Pakistan
The rapid rise of solar energy is disrupting Pakistan’s electricity sector, forcing the government to revise its tariff policy and introduce new taxes on solar panel imports.
Sabanci Renewables acquires 120 MW of solar in Texas from OCI Energy
Sabanci Renewables announces the acquisition of the Texan solar project Pepper from OCI Energy, strengthening its US portfolio to 660 MW and paving the way for an increase to 3 GW by 2030.
Poland awards 1.67 GW of solar projects in its latest renewables auctions
The results of recent Polish auctions reveal a predominance of photovoltaic solar, with 178 projects selected and a total capacity of 1.67 GW, while other segments found no takers.
The French solar federation organises itself amid current political and economic attacks
The National Solar Energy Federation, launched on 21 June and formalised on 14 July, brings together installers, equipment suppliers and financiers to defend photovoltaics against political criticism as Paris prepares a new energy roadmap.
CrossBoundary Energy raises $60mn to accelerate Kamoa solar unit
A $60mn subordinated loan will speed delivery of equipment for a 223 MWp solar-storage plant serving the Kamoa-Kakula copper complex, deepening the financial partnership between CrossBoundary Energy and Standard Bank South Africa.

LEGAL

FOSSILS

POLICY

RENEWABLE

PLUS

© XMARKET PUBLISHING