Repsol to invest $194 mn to create joint venture for wind & solar generation sites in Chile

Spain’s Repsol has signed up to create a joint venture with a Spanish renewable energy group to run a portfolio of wind and solar generation sites in Chile. The tie-up with Grupo Ibereolica Renovables will be Repsol’s first renewable energy project outside Spain and Portugal, and will run more than 1.6 GW of capacity by 2025, with another 1 GW planned for 2030. Repsol will invest 168 million euros ($194 million) for a 50% stake in the venture.

Source: Reuters