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Repsol is an energy company that operates across the oil and gas value chain, including exploration, production, refining, and selling fuels, and is expanding into a multi-energy portfolio as part of the energy transition. Its products come from extracting hydrocarbons, processing them into fuels and other energy products, and distributing them to markets, while it increasingly adds new energy forms and services. The company differentiates itself through its long history of international expansion, strategic partnerships, and large-scale asset transactions, such as selling a stake to EIG to fund its transition. Its goal is to monetize its existing assets while accelerating the shift to a diversified, lower-carbon energy mix, potentially supported by a US IPO for its upstream unit from 2026 onward.
Industries
Energy
Company Size
10,001+
Company Stage
IPO
Headquarters
Madrid, Spain
Founded
1987
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Total Funding
$1.9B
Above
Industry Average
Funded Over
6 Rounds
Hybrid Work Options
Talks for Saudi Aramco to buy a minority stake in Repsol's renewables unit have stalled, with no plans to resume. The potential €1 billion ($1.2 billion) investment hit a dead end as Aramco seeks to sell assets and cut costs. Repsol, diversifying into renewables, saw its shares rise 24% in 2025. In 2022, Repsol sold a 25% stake in its renewables business for €905 million, valuing the unit at €4.38 billion. Repsol continues to invest in renewables, prioritizing returns.
Stonepeak has agreed to acquire a 46.3% stake in Repsol's U.S. solar and storage portfolio for $340 million, highlighting a shift towards renewable energy. The portfolio, valued at approximately $795 million, includes the 632-megawatt Frye solar farm in Texas and the Jicarilla complex in New Mexico, which combines 125 megawatts of solar with a 20-megawatt battery storage system. Legal firms Vinson & Elkins LLP and Latham & Watkins LLP represented Stonepeak and Repsol, respectively.
RepAir recently raised a $15 million extension to its Series A.
Repsol Corporate Venturing has acquired a 21.43% stake in Darwin Bioprospecting Excellence, a startup from the University of Valencia. Repsol has also transferred its innovative polyethylene microplastic biodegradation technology to Darwin. This collaboration aims to advance the technology for commercial application. The investment is part of a capital increase, with Biozell also participating.
Repsol has entered the biomethane market with an agreement to take a 40% stake in Genia Bioenergy. This alliance allows the multi-energy company to add important human and technical capabilities to position itself in this sector, according to the company. The agreement between Repsol and Genia Bioenergy includes 19 of its biomethane plants, which are…
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Industries
Energy
Company Size
10,001+
Company Stage
IPO
Headquarters
Madrid, Spain
Founded
1987
Find jobs on Simplify and start your career today