Repsol Mulls Selling 49% Stake In Spanish Wind Farm And Photovoltaic Power Plants

• Repsol S.A. (OTC: REPYY) is planning the sale of a 49% stake in its Spanish wind farm and photovoltaic power plants in a deal worth €700 million to €800 million.

• The renewable plants have a total capacity of 600 megawatts, Reuters reported, citing people familiar with the matter.

• Repsol has 12 hydroelectric power plants, one wind farm, and five renewable projects (photovoltaic and wind) in Spain.

• Also Read: Repsol Spreads Footprint In Italy With First Renewable Project

• The plants are in Andalusia, Aragon, Castile-La Mancha, Castile, and Leon.

• Meanwhile, the company said in a release that Repsol and the Ibereólica Renovables Group's first solar project in Chile began producing electricity.

• The first 76.8 MW phase of the Elena solar plant, which will have a total installed capacity of up to 596 MW, has been commissioned.

• Price Action: REPYY shares are trading lower by 0.35% to $14.24 on the last check Wednesday.

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