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Repsol sells stake in renewable energy business

 Last Update: 2022-10-08
 Source: Internet
 Author: User

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Repsol, a Spanish energy and petrochemical company, said it agreed to sell a 25% stake in its renewable energy business to Crédit Agricole’s insurance company and Swiss energy infrastructure for 905 million euros.

Repsol said the acceptance of the consortium investment will strengthen the growth of the company's renewable energy business, in line with its strategic goal of reaching 6 GW of installed capacity by 2025 and entering the offshore wind market

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