The deal is just getting started, notes El Confidencial, and will likely be finished by the end of the year. The estimated cost of this effort to recruit a minority partner for green projects is €700–800 million.
The combined output of the renewable power plants will be close to 600 megawatts (MW). They will be situated in Castilla-La Mancha, Andaluca, Aragón, and Castilla y León.
Minority partner relationships are an element of the energy company's plan to expand its supply of renewable energy. In July of last year, Repsol formed a new partnership with Amancio Ortega's investment company Pontegadea in order to sell a 49% stake in the Kappa photovoltaic project for €27 million. Similar terms were agreed upon by Repsol and Pontegadea in November 2021 for the sale of a €245 million stake in the Delta wind farm.
source: elconfidencial.com
The combined output of the renewable power plants will be close to 600 megawatts (MW). They will be situated in Castilla-La Mancha, Andaluca, Aragón, and Castilla y León.
Minority partner relationships are an element of the energy company's plan to expand its supply of renewable energy. In July of last year, Repsol formed a new partnership with Amancio Ortega's investment company Pontegadea in order to sell a 49% stake in the Kappa photovoltaic project for €27 million. Similar terms were agreed upon by Repsol and Pontegadea in November 2021 for the sale of a €245 million stake in the Delta wind farm.
source: elconfidencial.com