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Repsol sells 49% of 618MW Spanish portfolio

Richard Heap
November 16, 2023

Spanish oil and gas giant Repsol has sold a 49% stake in a 618MW portfolio of wind and solar projects in Spain to investment group Pontegadea for €363m.

The portfolio is made up of 12 wind farms totalling 398MW in the regions of Aragon and Castile & Leon; and two solar farms totalling 220MW in Castile-La Mancha and Andalusia. Repsol said the portfolio includes projects with hybridisation potential, which could add up to 279MW of headline capacity.

The deal values the assets at €740m.

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