Spain's Repsol cuts renewable energy targets

Core Viewpoint - Repsol has reduced its 2030 targets for renewable energy capacity and low-carbon products due to changing market conditions, adjusting its growth expectations in response to higher development costs and evolving regulatory frameworks [1]. Renewable Energy Capacity - Repsol now aims for over 10 gigawatts (GW) of installed renewable capacity by 2030, primarily in Spain and the United States, down from a previous target of 20 GW set in 2021 [1]. - As of the end of 2025, Repsol had an installed capacity of 5.8 GW [1]. Low-Carbon Fuels - The company has also lowered its targets for low-carbon fuels, now expecting to produce between 1.6 and 1.8 million tons of biofuels and between 0.7 to 0.8 terawatt-hours (TWh) of biomethane, compared to previous targets of 2.4 to 2.7 million tons and 2.1 to 2.3 TWh [1]. Green Hydrogen - Repsol has already cut its targets for green hydrogen due to delays in market development and regulatory frameworks [1]. - The adjustments reflect a strategic shift to prioritize investments based on profitability thresholds [1].