Repsol Renovables, a Spanish energy, and petrochemical company has approved the sale of 25% of its stake in the renewables business to a consortium formed by the French insurance company Credit Agricole Assurances and Switzerland -based Energy Infrastructure Partner (EIP) for €905 million (~$949 million). This transaction values Repsol’s renewable business at €4.4 billion (~$4.6 billion), including debt and minority holdings. The acquisition includes an investment commitment from the new partners, which the company says will support its goal of reaching 6 GW of installed capacity by 2025, bolstered by plans to enter new markets and add additional technologies such as offshore wind.