Repsol Signs Renewable Power Purchase Agreement to Support Bimbo Group’s Net-Zero Roadmap in Europe

Repsol Signs Renewable Power Purchase Agreement to Support Bimbo Group’s Net-Zero Roadmap in Europe

(IN BRIEF) Repsol has signed a long-term renewable energy agreement with Bimbo Group to support the baking company’s decarbonisation roadmap in Europe. The agreement includes nine 12-year virtual power purchase agreements covering renewable electricity equivalent to 100% of Bimbo Group’s annual consumption in Spain, Portugal, France and Italy. The total volume is around 150 GWh per year. The renewable power is linked to wind and solar capacity from Repsol’s assets in Spain, including the company’s first solar hybrid projects. The agreement supports 18 Bimbo Group production sites in Southern Europe. Bimbo Group said the agreement helps turn its commitment to achieve net-zero carbon emissions by 2050 into concrete action, while Repsol said the deal strengthens its renewable portfolio and responds to the long-term needs of large energy consumers.

(PRESS RELEASE) MADRID, 31-Jul-2026 — /EuropaWire/ — Repsol has signed a long-term renewable energy agreement with Bimbo Group to help the global baking company advance its decarbonisation objectives across Europe.

The agreement consists of nine 12-year virtual power purchase agreements, under which Bimbo Group will source renewable electricity equivalent to 100% of its annual electricity consumption in Spain, Portugal, France and Italy.

The total volume covered by the agreements is approximately 150 GWh per year.

The renewable electricity will be linked to wind and solar capacity from Repsol’s assets in Spain, including the company’s first solar hybrid projects.

Repsol said the structure of the agreement will help optimise the use of existing renewable resources and improve the efficiency of renewable power generation.

The agreement supports Bimbo Group’s operations across 18 production sites in Southern Europe.

By moving beyond the purchase of renewable energy certificates, such as Guarantees of Origin, toward long-term agreements connected to renewable assets, Bimbo Group is strengthening its commitment to renewable energy and the decarbonisation of its European operations.

The transaction was advised by Schneider Electric.

João Costeira, Executive Managing Director of Low-Carbon Generation at Repsol, said the agreement with Bimbo Group allows Repsol to strengthen its renewable portfolio while meeting the long-term needs of large energy consumers.

Baptiste Leroux, Vice President of Procurement at Bimbo Group EMEA, said the long-term agreement marks a decisive step in Bimbo Group’s decarbonisation roadmap in Europe.

He said securing renewable electricity at scale, equivalent to 100% of the company’s consumption in Spain, Portugal, France and Italy, supports wind and solar capacity while translating Bimbo Group’s commitment to reach net-zero carbon emissions by 2050 into tangible action.

Leroux added that the agreement reinforces the sustainability and resilience of Bimbo Group’s operations.

Repsol is an energy company providing solutions for mobility, homes and business customers.

The company employs 24,000 people in more than 20 countries and serves 24 million customers.

Repsol produces an average of 548,000 barrels of oil equivalent per day and operates one of Europe’s most advanced refining systems, designed to transform crude oil and alternative feedstocks into fuels and other essential products.

The company is also transforming its six industrial complexes on the Iberian Peninsula into multi-energy hubs capable of processing different feedstocks to produce low-carbon products.

Repsol operates a network of more than 4,400 service stations in Spain, Portugal, Peru and Mexico.

The network supplies conventional fuels and is adding alternatives including electric vehicle charging, 100% renewable fuels, AutoGas and natural gas for vehicles.

Repsol also supplies electricity and gas to 3.3 million customers in Spain and Portugal.

Its renewable generation portfolio includes more than 6,000 MW of installed capacity, mainly in Spain and the United States.

Bimbo Group is the world’s largest baking company and a major player in snacks.

The company is present in 96 countries, operating directly in 39 and serving another 57 through strategic partnerships.

Its operations span the Americas, Europe, Asia and Africa, with 250 bakeries and plants and more than 1,600 sales centres.

Bimbo Group reports sales of more than US$22 billion and has a broad product portfolio covering sliced and artisan bread, buns and rolls, pastries, cakes, cookies, toast, English muffins, bagels, tortillas, flatbreads and salty snacks.

The company operates one of the world’s largest direct distribution networks, with more than 55,000 routes and more than 152,000 associates.

Its shares are listed on the Mexican Stock Exchange under the ticker symbol BIMBO, and it also trades in the United States over the counter through a Level 1 ADR under the ticker symbol BMBOY.

Through the renewable power purchase agreement with Repsol, Bimbo Group is strengthening the link between its European manufacturing operations and renewable electricity generation, while advancing its long-term commitment to net-zero carbon emissions.

About Repsol

Repsol is an energy company that provides solutions for all its customers’ energy needs, including for mobility, at home, and for business services. The company employs 24,000 people in more than 20 countries and serves 24 million customers.

Repsol produces an average of 548,000 barrels of oil equivalent per day and operates one of Europe’s most efficient and advanced refining systems, designed to transform crude oil and alternative feedstock into fuels and other essential products. The company is also transforming its six industrial complexes on the Iberian Peninsula into multi-energy hubs capable of processing a wide range of feedstocks to produce low-carbon products.

Repsol’s network of more than 4,400 service stations supplies fuel to customers in Spain, Portugal, Peru, and Mexico, and is adding alternatives such as EV charging, 100% renewable fuels, AutoGas, and natural gas for vehicles. It also supplies electricity and gas to 3.3 million customers in Spain and Portugal and has a diversified renewable generation portfolio with more than 6,000 MW of installed capacity, mainly in Spain and the United States.

About Bimbo Group

The Bimbo Group is the world’s largest baking company and a significant player in snacks. It is present in 96 countries, operating directly in 39 and serving another 57 through strategic partnerships. Its operations span the Americas, Europe, Asia, and Africa, with 250 bakeries and plants and more than 1,600 sales centers. With sales of more than US$22 billion, the company has a diverse product portfolio that includes sliced and artisan bread, buns and rolls, pastries, cakes, cookies, toast, English muffins, bagels, tortillas and flatbreads, and salty snacks, among other categories. Bimbo Group has one of the world’s largest direct distribution networks, with more than 55,000 routes and more than 152,000 associates. Its shares are listed on the Mexican Stock Exchange (BMV) under the ticker symbol BIMBO, and it also trades in the U.S. over-the-counter market through a Level 1 ADR under the ticker symbol BMBOY.

Media Contacts:

Repsol
Communications and Brand Management
prensa@repsol.com
(+34) 91 753 8787

Bimbo Group
Corporate Affairs & Sustainability
bimboemea@llyc.global

SOURCE: Repsol