World

 

Español

 

Guyana


Trinidad
& Tobago

 






Very usefull links



PW
Bookstore





News links

AP

AFP

Aljazeera

Dow Jones

Oil price

Reuters

Bloomberg

Views and News
from
Norway

 

 

 

 

Repsol expands with renewables in Chile

Andrew Caballero-Reynolds/Bloomberg

Repsol will form a joint venture with Spain's Grupo Ibereolica Renovables to enter the chilean renewables market

- Dud raises concern Petrobras has already made top discoveries
- Shell's partners at Saturno block are Chevron and Ecopetrol

By Laura Millan Lombrana/Bloomberg

MADRID
Petroleumworld 07 24 2020

Spanish oil producer Repsol SA will enter the renewable market in Chile through a joint venture to develop solar and wind projects in the South American nation.

Repsol will form a joint venture with Spain's Grupo Ibereolica Renovables, with each company owning 50% stakes, according to a statement from the Madrid-based oil producer Thursday. Repsol will invest 168 million euros ($195 million) through a capital increase while Ibereolica will add assets under development for a total capacity of 1.6 gigawatt. The companies could develop an additional 1 gigawatt.

The agreement marks Repsol's first significant renewable energy project outside Spain and moves it closer to achieving its target of having 7.5 gigawatts in renewable energy generation capacity by 2025. The company is building seven solar and wind projects in the Iberian peninsula.

The Chilean joint venture's portfolio includes 52% of wind projects and 48% in solar located mainly in Chile's northern Antofagasta and Atacama regions.

Repsol in December became the first oil major to pledge net-zero emissions by 2050.

By Laura Millan Lombrana from Bloomberg

bloomberg.com
07 23 2020

TOP

Contact: editor@petroleumworld.com,

Editor & Publisher:Elio Ohep /
Contact Email: editor@petroleumworld.com

CopyRight © 1999-2020, Elio Ohep A. - All Rights Reserved. Legal Information

PW in Top 100 Energy Sites

CopyRight©1999-2020, Petroleumworld   / Elio Ohep - All rights reserved

 

This site is a public free site and it contains copyrighted material the use of which has not always been specifically authorized by the copyright owner.We are making such material available in our efforts to advance understanding of business, environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have chosen to view the included information for research, information, and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission fromPetroleumworld or the copyright owner of the material.