March 11, 2026 [Reuters]- Spanish energy group Repsol is considering welcoming new investors in its renewables business in ​the United States as it reviews its approach ‌to renewable power generation, CEO Josu Jon Imaz said on Tuesday.

Since 2018, Repsol has built up a portfolio of wind, ​solar and hydroelectric projects as part of its ​broader strategy of transitioning from a traditional oil ⁠and gas company to a multi-energy player. It has ​also been investing in the production of green hydrogen and ​low-carbon fuels.

The United States, alongside Spain, is a key market for its low‑carbon division. In the U.S., the company has about ​2.8 gigawatts (GW) of capacity operating or under construction, plus ​a development pipeline of more than 15 GW.

“We are evaluating the ‌potential ⁠incorporation of additional investors at the platform level in the U.S.,” Imaz told analysts and investors at an event presenting the company’s strategic update.

“The key message for this ​division is clear – ​this business ⁠will be self-financed over the next three years,” Imaz said.

“This represents a critical inflection ​point as the business transitions from cash ​consumer to ⁠cash generator, moving from a build-out phase to disciplined growth,” he said.

Repsol, which also cut its renewable power generation target, ⁠will ​focus on green energy projects ​offering the best returns while limiting exposure thanks to asset sales and ​partnerships, he said.