Repsol Eyes Stake Sale for Strategic Plan

16 May 2024 CW Team

Spanish oil major Repsol is reportedly engaged in negotiations to offload a portion of its renewable energy subsidiary as part of a strategic maneuver to propel its ambitious agenda through 2027.

Santander has purportedly been enlisted to facilitate the sale, indicating a significant step in Repsol's financial strategy. While Repsol intends to retain a majority stake in its renewables arm, the prospective deal may involve the infusion of fresh capital by the investor. However, the identity of the investor remains undisclosed at present.

Repsol Renewables, valued at 5.9 billion euros ($6.4 billion), including debt, stands as a cornerstone of Repsol's transition towards renewable energy. The move follows a precedent set in 2022 when Repsol divested a 25 per cent stake to French insurer Credit Agricole Assurances and Switzerland-based Energy Infrastructure Partner (EIP).

The divestment strategy aligns with Repsol's broader vision of realigning its portfolio towards renewable and low-carbon ventures, while maintaining a foothold in traditional fossil fuels. The company's commitment to this transition was reiterated in February, alongside plans for substantial investments in low-carbon and renewable projects.

Repsol's strategic blueprint entails gross investments of up to 26 billion euros through 2027, with a significant portion earmarked for renewable ventures. The company aims to ramp up its renewable capacity to between 9 and 10 GW by 2027, underlining its commitment to sustainable energy solutions.

While discussions regarding the stake sale are reportedly in their nascent stages, uncertainties loom over the fruition of the deal. Repsol and Santander declined to comment on the ongoing negotiations, indicating the sensitivity and complexity surrounding the potential transaction.

As Repsol charts its course towards a greener future, the outcome of these negotiations could serve as a pivotal moment in the company's transition towards sustainable energy, while navigating the complexities of the global energy landscape.

Spanish oil major Repsol is reportedly engaged in negotiations to offload a portion of its renewable energy subsidiary as part of a strategic maneuver to propel its ambitious agenda through 2027. Santander has purportedly been enlisted to facilitate the sale, indicating a significant step in Repsol's financial strategy. While Repsol intends to retain a majority stake in its renewables arm, the prospective deal may involve the infusion of fresh capital by the investor. However, the identity of the investor remains undisclosed at present. Repsol Renewables, valued at 5.9 billion euros ($6.4 billion), including debt, stands as a cornerstone of Repsol's transition towards renewable energy. The move follows a precedent set in 2022 when Repsol divested a 25 per cent stake to French insurer Credit Agricole Assurances and Switzerland-based Energy Infrastructure Partner (EIP). The divestment strategy aligns with Repsol's broader vision of realigning its portfolio towards renewable and low-carbon ventures, while maintaining a foothold in traditional fossil fuels. The company's commitment to this transition was reiterated in February, alongside plans for substantial investments in low-carbon and renewable projects. Repsol's strategic blueprint entails gross investments of up to 26 billion euros through 2027, with a significant portion earmarked for renewable ventures. The company aims to ramp up its renewable capacity to between 9 and 10 GW by 2027, underlining its commitment to sustainable energy solutions. While discussions regarding the stake sale are reportedly in their nascent stages, uncertainties loom over the fruition of the deal. Repsol and Santander declined to comment on the ongoing negotiations, indicating the sensitivity and complexity surrounding the potential transaction. As Repsol charts its course towards a greener future, the outcome of these negotiations could serve as a pivotal moment in the company's transition towards sustainable energy, while navigating the complexities of the global energy landscape.

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Infrastructure Energy

05 Nov 2025

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Infrastructure Urban

05 Nov 2025

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..