The transaction, reported by the Spanish oil company to the National Securities Market Commission (CNMV), values the entire portfolio at 849 million euros. The sold portfolio includes 13 wind farms with a capacity of 402 MW and six photovoltaic solar parks totaling 303 MW, all operational and scheduled for commissioning in 2025 and the first quarter of 2026. Additionally, it encompasses over 0.5 GW of potential growth in hybridization projects, integrating wind, solar, and battery storage.

This deal, subject to the necessary regulatory approvals and expected to close by the end of 2026, is part of Repsol's strategy to optimize the financial structure of its renewable business, accelerate growth with strategic partners, and rotate assets. This marks the eighth such divestment by the company, totaling 3,850 MW divested in Spain and the United States.

Repsol, which entered the electricity generation sector in 2018, currently operates 6 GW of renewable capacity and has expanded its presence to countries including the United States, Chile, Italy, and Portugal. The company anticipates this sale will reduce its net debt by 700 million euros, with no significant impact expected on its income statement.

As part of the transaction, Repsol secured a 550 million euro syndicated financing for this portfolio in December 2025, with participation from entities such as Banco Sabadell, Abanca Corporación Bancaria, CaixaBank, BNP Paribas, UniCredit Bank, and the Official Credit Institute (ICO).