Repsol registers new subsidiary to manage its green energy business

Repsol's bet on alternative energiesRepsol's offshore platform

Spanish oil-and-gas company Repsol SA  just created a new subsidiary for its renewable energy business: Repsol Renovables. This new company will be responsible for carrying out the new green energy projects that the oil company has for more than 1Bn investment.

The firm will be responsible for carrying out all kinds of activities, works and services of its own or related to the project business, engineering, development, construction, operation, installation, operation, maintenance and disposal of complexes of electric power production.

Repsol Renovables expects to have about 4,500 MW in 2025, an objective that already reaches almost 90% among its active and developing projects.