Article

Repsol has lowered its 2030 renewable energy capacity target from 20 GW to just over 10 GW due to rising costs and changing market conditions. The company aims to produce 1.6 to 1.8 million tons of biofuels and 0.7 to 0.8 TWh of biomethane, significantly less than previous targets. The shift reflects broader challenges in the renewable energy sector, including high development costs and regulatory uncertainties.