Repsol working on closing first “renewable asset rotation” in US – CEO


MADRID (Reuters) – Repsol Chief Executive Josu Jon Imaz said on Thursday that the company is working to close the first agreement with a renewable partner in the U.S. as part of its asset rotation strategy.
MADRID (Reuters) – Repsol Chief Executive Josu Jon Imaz said on Thursday that the company is working to close the first agreement with a renewable partner in the U.S. as part of its asset rotation strategy.
“We are working on closing our first renewable asset rotation in this country,” he said.
(Reporting by Pietro Lombardi, editing by Inti Landauro)
Renewable energy is energy generated from natural resources that are replenished constantly, such as sunlight, wind, rain, tides, waves, and geothermal heat. It is considered more sustainable than fossil fuels.
Asset rotation is a strategy used by companies to manage their investment portfolios by selling off certain assets and acquiring new ones to optimize returns and reduce risk.
A partnership in business refers to a formal arrangement where two or more parties agree to manage and operate a business together, sharing profits, losses, and responsibilities.
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