Repsol Expands Renewable Portfolio to 5.9 GW

Spanish energy giant Repsol has reached a significant milestone in its energy transition, growing its renewable energy portfolio to a formidable scale. As of the end of 2025, the company’s installed renewable capacity hit 5.8 GW, marking a substantial achievement in its journey toward becoming a diversified, multi-energy provider. This progress underscores Repsol’s commitment to decarbonization, even as it adapts its long-term strategy to evolving market dynamics.

A Strategic Pivot Amid Market Realities: Repsol renewable energy

While celebrating this operational growth, Repsol has also announced a strategic recalibration of its future ambitions. In a move reflecting a pragmatic response to current market conditions, the company has adjusted its 2030 target for renewable capacity. The initial goal of 20 GW has been revised to a more conservative, yet still ambitious, target of over 10 GW.

This decision is driven by several key factors impacting the global renewables sector, including higher development and financing costs. According to recent company announcements, the adjustment allows Repsol to prioritize value over volume, ensuring profitability and sustainable growth. The company will focus its renewable development primarily in Spain and the United States, leveraging regional advantages and incentives.

A Multi-Faceted Energy Transition: Repsol renewable energy

Repsol’s strategy extends beyond wind and solar power generation. The company is actively developing a comprehensive low-carbon business, which includes investments in green hydrogen and advanced biofuels. However, in line with its recalibrated renewables outlook, Repsol has also revised its targets for low-carbon fuel production.

The company has adjusted its 2030 targets for biofuels and biomethane to better align with prevailing demand and the evolving regulatory landscape. This pragmatic approach was highlighted by CEO Josu Jon Imaz, who confirmed that while short-term commitments for 2025 were successfully met, medium-term targets are being adapted to ensure the long-term goals remain aligned with a viable and profitable business model.

The Path Forward: Balancing Growth and Profitability in Repsol renewable energy

Repsol’s recent moves signal a maturing phase in its energy transition. The achievement of nearly 5.9 GW in installed capacity is a testament to its successful execution in recent years. Now, the focus is shifting towards a more disciplined growth strategy that balances decarbonization goals with financial returns.

By expanding its trading division and continuing to invest across the energy spectrum—from new exploration blocks to innovative low-carbon solutions—Repsol is positioning itself not just as a traditional oil and gas company, but as a resilient and adaptable multi-energy provider ready to navigate the complexities of the global energy future.