SUBSCRIBE
PROFILE

Repsol acquires Asterion Energies

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

Share:

Comprehensive energy news coverage, updated nonstop

Annual subscription

8.25€/month*

*billed annually at 99€/year for the first year then 149,00€/year ​

Unlimited access • Archives included • Professional invoice

SUBSCRIBE - 99€/year

OTHER ACCESS OPTIONS

Monthly subscription

Unlimited access • Archives included

5.2€/month*
then 14.90€ per month thereafter

FREE ACCOUNT

3 articles offered per month

FREE

*Prices are excluding VAT, which may vary depending on your location or professional status

Since 2021: 35,000 articles • 150+ analyses per week

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.

  • Popular on energynews.pro
ZimZam 2025 mobilises energy players to accelerate regional integration
ENGIE secures 31GWh/year of biomethane from CVE Biogaz in Ludres
Venture Global sinks 20% after legal defeat to BP over LNG contract dispute
Wood Mackenzie: the UK can double North Sea reserves without breaching climate limits
The European Union ensures gas security for winter despite halt in Russian supplies
Engie and Masdar secure 1.5 GW solar project in Abu Dhabi
The consortium led by Engie and Masdar has been selected to develop a 1.5 GW photovoltaic plant in Abu Dhabi, aimed at expanding the emirate’s solar capacity under its long-term energy strategy.
T1 Energy takes stake in Talon to expand solar manufacturing in the United States
T1 Energy invests in private solar cell manufacturer Talon PV to support industrial expansion of the U.S. solar sector and address rising grid demand.
EBRD and Qair in talks for €19mn financing of 100 MW solar plant in Gafsa
The European Bank for Reconstruction and Development is reviewing a loan for a 100 MW photovoltaic project led by Qair in Tunisia, backed by a long-term power purchase agreement with the national utility.
CVE installs 140 kWc agrivoltaic demonstrator on cattle farm
French independent producer CVE has commissioned an agrivoltaic pilot project in Haute-Loire, aiming to test solar panel integration on a cattle farm ahead of a future 12 MWc installation.
Geronimo Power inaugurates 125 MW solar project in Michigan
Geronimo Power celebrated the near completion of its 125 MW solar farm in Jackson County, marking a major step for the local economy and regional power grid.
GOLDBECK SOLAR Polska receives final authorisation for its 204 MWp solar park
GOLDBECK SOLAR Polska has received the Final Operational Notification for its Zwartowo photovoltaic facility, marking a key regulatory milestone in the development of large-scale solar projects in Poland.
SMFL Mirai commissions H.E Energy to build 100 solar plants in Japan
H.E Energy will develop 100 low-voltage solar facilities totalling 10MWDC in Hokkaido for SMFL Mirai Partners, with commissioning scheduled by June 2026.
Hokkaido Gas commissions 2MW solar plant to power Kamishihoro
Hokkaido Gas has launched a 2MW solar power plant in Kamishihoro, with an expected annual output of 4.4GWh to be distributed locally through energy supplier Karch.
Sembcorp acquires ReNew’s solar unit in India for $190mn
Sembcorp Industries has signed a purchase agreement to acquire a 300-megawatt solar plant in India, boosting its renewable energy footprint to a total capacity of 6.9 gigawatts.
Spanish solar producers warn of impact from negative electricity prices
Spanish solar energy producers have recorded 693 hours of zero or negative prices since January, already matching the total for the previous year, raising concerns about the sector’s profitability and market stability.
Mars invests in 100 solar projects in Poland with GoldenPeaks Capital
Mars signs a major contract with GoldenPeaks Capital to develop over 100 solar plants in Poland, aiming to power its European operations and supply chain with renewable electricity.
Doral Renewables signs contract for 430 MW of solar power in Texas
Doral Renewables has signed a power purchase agreement for 75% of the output from its Cold Creek Solar project, expanding its contracted portfolio to over 1.6 GW nationwide.
France: SNCF signs two 25-year solar contracts with Octopus and BayWa r.e.
SNCF Voyageurs secures direct solar electricity supply from two plants owned by Octopus Energy and BayWa r.e., through 25-year agreements aimed at powering its rail network.
Solar and storage equipment prices to rise 9% from Q4 2025
The end of China's VAT rebate and reduced output bring an end to eighteen months of historically low prices in solar and storage sectors.
Kuwait shortlists bidders for 500 MW photovoltaic solar project
The Kuwait Authority for Partnership Projects has shortlisted several companies for Phase III of the Al Dibdibah solar plant, with a net capacity of 500 MW.
Indian regulator opens proceedings over solar firms’ losses linked to transmission delays
The Central Electricity Regulatory Commission has agreed to examine compensation claims by ACME Solar and AMPIN Energy, citing losses caused by non-operational transmission lines.
Waaree Energies launches 950 MW solar unit at its Gujarat plant
Waaree Energies has activated a new 950 MW photovoltaic module production line in Degam, strengthening its industrial investment programme in western India.
India launches tender for 3,640 kW rooftop solar under SECI
India opens a new rooftop solar tender phase, offering 3,640 kW under the RESCO model, with a pre-bid meeting held online on October 6 by Solar Energy Corporation of India.
Shizen Energy secures 100MW in solar contracts with Microsoft in Japan
The Japanese developer has reached a total of 100MW in solar capacity under power purchase agreements with Microsoft, spread across four projects in the country, two of which are already operational.
Neoen secures four new long-term solar PPAs with SNCF Énergie
SNCF Énergie signed four new renewable electricity purchase agreements with Neoen in July, covering the annual consumption equivalent of the TGV Paris–Bordeaux line.

All the latest energy news, all the time

Annual subscription

8.25€/month*

*billed annually at 99€/year for the first year then 149,00€/year ​

Unlimited access - Archives included - Pro invoice

START - 99€/year

Monthly subscription

Unlimited access • Archives included

5.2€/month*
then 14.90€ per month thereafter

*Prices shown are exclusive of VAT, which may vary according to your location or professional status.

Since 2021: 30,000 articles - +150 analyses/week.