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Spain's Repsol may bring new investors into US renewables unit
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20 Articles
Spain's Repsol may bring new investors into US renewables unit
Spanish energy group Repsol is considering welcoming new investors in its renewables business in the United States as it reviews its approach to renewable power generation, CEO Josu Jon Imaz said on Tuesday.
The plan involves returning approximately 3.6 billion euros (US$4.19 billion) to shareholders through cash dividends and share buybacks.
Repsol is dressed up to celebrate its Capital Markets Day (Investor's Day) with the promise to undertake an ambitious investment plan that ranges from 8,500 to 10 billion euros until 2028. According to the presentation sent this Tuesday to the National Securities Market Commission (CNMV) the investment will go to projects already approved by the company. Of this amount, 55% will go to investments in Spain and Portugal and 34% to the United State…
Repsol has presented in its CMD (Capital Markets Day) its new strategic plan for 2026-28, which has been characterized by a trend of improvement in its cash generation, shareholder remuneration and a lower investment in Capex. This strategic approach, although it has not surprised RBC analysts, has been welcomed as it exceeds some financial expectations of the bank. Still, RBC despite contemplating how this new plan as a positive one for the com…
Spanish energy opens the door to incorporating funds or other groups into its activity in Venezuela to share investment and also to its renewables platform in the US. Read
Repsol will invest up to US$11.7 billion in the next two years, which countries are priorities?Repsol reported that fuel supply in the country remains secure and that its Refinería La Pampilla refinery currently operates at 100% of its capacity, in response to recent concerns about energy supply.Through a statement, the company noted that the refinery's production is fully operational and that it has a committed supply plan to meet the projected…
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