Repsol has begun construction on two solar plants in Italy. Credit: Wang An Qi/Shutterstock.com.

Spanish oil and gas giant Repsol has announced plans to build 1,768MW of renewable energy projects across Italy.

The portfolio will include 943MW in wind and 825MW in solar projects. More than 60% of the projects are in advanced stages of development.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

Several projects within the portfolio were acquired through the purchase of Spanish company Asterion Energies in 2022.

Repsol agreed to €560m ($594m) for the acquisition, along with €20m in contingent payments.

Asterion previously had a portfolio of 7.7GW of renewable projects. The projects were mostly under development and included 4.9GW of solar and 2.8GW of wind, of which 2.5GW were in advanced stages of development or under construction.

See Also:

The newly announced portfolio is chiefly located in Basilicata, Lazio, Molise, Puglia Sardinia, Sicily, Tuscany and Umbria.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Repsol is expected to begin construction on the first two solar plants in Puglia, southern Italy. They will have 11MW of capacity.

The acquisition is part of Repsol’s 2021–25 strategic plan that envisions 6GW of installed capacity by 2025 and 20GW by 2030.

The company has 1.6GW of renewables across wind, solar and hydro in Spain.

In February 2023, it agreed to acquire ABO Wind, adding a 250MW portfolio of wind and solar.

The company also has 62.5MW operating in the US, 179MW in Chile through a joint venture with Ibereólica Renovables Group, and 3MW in Portugal through its participation in the WindFloat Atlantic floating wind farm.

Repsol is building the Jicarilla 1 solar plant in the US state of New Mexico, with 62.5MW of capacity and 20MW of battery storage, and the 637MW Frye solar project in Texas. Frye is expected to begin operations in 2024.

It has also taken a final investment decision on the 629MW Outpost solar farm.