Repsol Mulls Selling 49% Stake In Spanish Wind Farm And Photovoltaic Power Plants
Portfolio Pulse from Nabaparna Bhattacharya
Repsol S.A. is considering selling a 49% stake in its Spanish wind farm and photovoltaic power plants, worth €700 million to €800 million. The renewable plants have a total capacity of 600 megawatts. Repsol also announced that its first solar project in Chile with Ibereólica Renovables Group has begun producing electricity.
May 24, 2023 | 3:03 pm
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Repsol plans to sell a 49% stake in its Spanish renewable plants, potentially raising €700-800 million. The company's first solar project in Chile has started producing electricity.
The sale of a 49% stake in Repsol's Spanish renewable plants could generate significant funds for the company, but the impact on the stock price is uncertain. The commencement of electricity production in the Chilean solar project is a positive development, but it may not have a significant short-term impact on the stock price. Overall, the news is neutral for REPYY in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100