Repsol lowers 2030 renewable energy targets amid market shifts
Spanish energy firm Repsol has lowered its 2030 renewable capacity targets due to rising costs. The group also reduced goals for low-carbon fuel production.
Insights:
Repsol, S.A. has lowered its 2030 targets for installed renewable capacity and the production of low-carbon products, according to the company’s report accompanying its 2025 results released today. The Spanish energy firm has significantly scaled back its ambitions, halving its previous renewable-capacity goal of 20 GW to just over 10 GW. This adjustment marks a notable shift in the company’s decarbonisation pathway and alters its medium-term growth assumptions for renewables and low-carbon fuels.
