Spanish oil & gas leader Repsol has acquired Asterion Energies, which manages a portfolio of renewable assets of 7,700 MW in Spain, Italy, and France for European infrastructure fund Asterion Industrial, for a total of EUR 560 million plus contingent payments of up to EUR 20 million. Asterion Energies manages a portfolio of renewable projects mostly under development totaling 7,700 megawatts (MW) in Spain (84%), Italy (12%), and France (4%), all of which are stable markets with high development potential. Asterion Energies' asset portfolio includes 4,900 MW of PV solar and 2,800 MW of wind generation, of which 2,500 MW are at an advanced stage of development or under construction. In addition, Asterion Energies has an expert team with experience in the development of renewable and power storage assets that will be incorporated into Repsol's ambitious growth project in this business. Repsol thus strengthens its presence in key European markets and consolidates its international expansion in OECD markets. The company already has more than 1,600 MW of renewable capacity installed in Spain, the United States, Chile, and Portugal.
Spanish oil & gas leader Repsol has acquired Asterion Energies, which manages a portfolio of renewable assets of 7,700 MW in Spain, Italy, and France for European infrastructure fund Asterion Industrial, for a total of EUR 560 million plus contingent payments of up to EUR 20 million. Asterion Energies manages a portfolio of renewable projects mostly under development totaling 7,700 megawatts (MW) in Spain (84%), Italy (12%), and France (4%), all of which are stable markets with high development potential. Asterion Energies' asset portfolio includes 4,900 MW of PV solar and 2,800 MW of wind generation, of which 2,500 MW are at an advanced stage of development or under construction. In addition, Asterion Energies has an expert team with experience in the development of renewable and power storage assets that will be incorporated into Repsol's ambitious growth project in this business. Repsol thus strengthens its presence in key European markets and consolidates its international expansion in OECD markets. The company already has more than 1,600 MW of renewable capacity installed in Spain, the United States, Chile, and Portugal.
