Repsol increased its renewable generation capacity in 2025 after commissioning 2200MW of new wind and solar projects in Spain, the United States and Chile.
The company said adjusted net income in its low carbon generation business rose to €53m, €77m higher than in 2024, driven by increased wind and solar output and a greater contribution from combined cycle assets.
It added that since entering renewables in 2018 it has rotated more than 3000MW of operational wind and solar assets, adding partners to crystallise value in Spain and the US.
In Spain, Repsol brought in Schroders Greencoat to a 400MW wind and solar portfolio, while in the US it agreed to add Stonepeak as a partner in two solar portfolios of 777MW and 629MW.
The company is also preparing a 1600MW hybridisation project in Aragon, combining 805MW of wind with the 818MW Escatrón combined cycle plant to supply electricity to a future data centre.
In renewable fuels, Repsol continued construction of its second renewable fuels plant in Puertollano, due to start operations in 2026 with capacity of 200,000 tonnes per year.
It also announced an investment of more than €800m to build the Ecoplanta in Tarragona, which is expected to produce 240,000 tonnes of renewable and circular methanol annually from 2029.
Repsol took final investment decisions on two 100MW renewable hydrogen electrolyzers in Cartagena and Bilbao, aimed at supplying lower carbon feedstock for its industrial operations.
Across the group, adjusted net income stood at €2.568bn in 2025, with net income of €1.899bn in a year marked by lower Brent prices and market volatility.