Feb 23, 2026
Spain's Repsol reduces its renewable energy goals.
Spanish energy company Repsol has revised its 2030 goals for renewable energy capacity and low-carbon products in response to changing market conditions, as outlined in a report accompanying its 2025 results.
Since 2018, Repsol has developed a range of wind, solar, and hydroelectric projects in Spain and internationally as part of its shift from a traditional oil and gas firm to a multi-energy entity. The company has also been investing in green hydrogen and low-carbon fuel production.
According to the report, Repsol now aims for over 10 gigawatts (GW) of installed renewable capacity by 2030, primarily in Spain and the United States. This is half of its initial 2021 target of 20 GW for the same year.
The report states that future growth projections have been adjusted due to rising development and financing costs, alongside U.S. tax incentives, with investments now prioritized based on profitability benchmarks set by Repsol.
By the end of 2025, Repsol’s installed capacity stood at 5.8 GW. The company has also reduced its targets for low-carbon fuels in light of current demand and regulatory trends, particularly regarding renewable hydrogen.
It now anticipates a production capacity of between 1.6 and 1.8 million tons of biofuels and 0.7–0.8 TWh of biomethane, down from previous goals of 2.4 to 2.7 million tons and 2.1 to 2.3 TWh, respectively. The firm had already lowered its targets for green hydrogen due to delays in market and regulatory development.
A spokesperson for Repsol highlighted remarks from CEO Josu Jon Imaz, who noted that while short-term commitments for 2025 have been met, medium-term goals will be adjusted while maintaining long-term objectives in line with the existing regulatory and business landscape.
Since 2018, Repsol has developed a range of wind, solar, and hydroelectric projects in Spain and internationally as part of its shift from a traditional oil and gas firm to a multi-energy entity. The company has also been investing in green hydrogen and low-carbon fuel production.
According to the report, Repsol now aims for over 10 gigawatts (GW) of installed renewable capacity by 2030, primarily in Spain and the United States. This is half of its initial 2021 target of 20 GW for the same year.
The report states that future growth projections have been adjusted due to rising development and financing costs, alongside U.S. tax incentives, with investments now prioritized based on profitability benchmarks set by Repsol.
By the end of 2025, Repsol’s installed capacity stood at 5.8 GW. The company has also reduced its targets for low-carbon fuels in light of current demand and regulatory trends, particularly regarding renewable hydrogen.
It now anticipates a production capacity of between 1.6 and 1.8 million tons of biofuels and 0.7–0.8 TWh of biomethane, down from previous goals of 2.4 to 2.7 million tons and 2.1 to 2.3 TWh, respectively. The firm had already lowered its targets for green hydrogen due to delays in market and regulatory development.
A spokesperson for Repsol highlighted remarks from CEO Josu Jon Imaz, who noted that while short-term commitments for 2025 have been met, medium-term goals will be adjusted while maintaining long-term objectives in line with the existing regulatory and business landscape.