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Renewables and New Businesses

The Renewables and New Businesses unit develops a competitive and sustainable renewable energy portfolio in the Iberian Peninsula. The energy generated, mostly of solar origin, is integrated into Galp's energy value chain, through the company's industrial, electricity trading, and commercial activities. The unit also identifies, develops, evaluates, and invests in business opportunities in the energy sector.

Main indicators 2024

  • Renewable energy production (in terawatt-hour)
    2.4 TWh Renewable energy production (in terawatt-hour)
  • Renewable generation installed capacity (in gigawatts)
    1.5 GW Renewable generation installed capacity (in gigawatts)
  • Gross renewable generation capacity, in operation and construction (in gigawatts)
    2 GW Gross renewable generation capacity, in operation and construction (in gigawatts)

Renewable energy portfolio

Galp is one of the largest producers of solar energy in the Iberian Peninsula, with 1.5 GW of installed renewable generation capacity and 0.5 GW under construction. At the same time, Galp is developing hybridisation and storage opportunities, using wind power generation and energy storage batteries in solar parks.

Innovation and New Businesses

Innovation

Identifying and developing business opportunities in the energy sector that contribute to decarbonisation, optimisation, and sustainability. This is the goal of Galp's Innovation teams, focussed on seven areas:

  • Battery value chain
  • Bioenergy
  • Carbon capture, utilisation, and storage
  • Low emissions hydrogen
  • Energy and cost optimisation
  • Mobility
  • Renewable energy and storage
 Learn about Innovation at Galp

Corporate Venture Capital

  • Venture Building

  • Portfolio Growth

  • Corporate Venture Capital

Get in touch

  • E-mail | diga.renov@galp.com
  • Phone number, Portugal | (+351) 210 058 850
  • Phone number, Spain | (+34) 917 146 866

More on our businesses

Source: Annual Integrated Report 2024 Last Update: 07 April 2025

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