Repsol and EDF Renewables have reached an exclusivity agreement to collaborate on future offshore wind tenders in Spain and Portugal, with the companies stating the Iberian Peninsula offers significant growth opportunities.
Repsol adds that it has set an investment framework of between €3 billion and €4 billion net until 2027 for renewable projects.
“This alliance between Repsol and EDF Renewables, two of the most significant energy companies in Europe, highlights the interest in the sector to explore renewable energy generation opportunities that offshore wind will provide in Spain and Portugal, once the regulatory framework in both countries is defined,” says Repsol’s João Costeira.
