HomeNewsCespa will invest over 7 billion euros in its transformation this decade to lead the energy transition on the Iberia Peninsula

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Cespa will invest over 7 billion euros in its transformation this decade to lead the energy transition on the Iberia Peninsula

3/30/2022

Press Release - CEPSA   Cepsa today presented its new 2030 Strategy, 'Positive Motion', to become a leader in sustainable mobility and energy in Spain and Portugal, and a benchmark in energy transition. With this strategy, the company will focus on the needs of its customers, who face their own challenges in decarbonizing their activities. The company will invest between 7 billion and 8 billion euros this decade, of which more than 60% will be allocated to sustainable businesses as of 2023. This will translate into a greater contribution of sustainable businesses to EBITDA, rising from 14% in 2022 to more than half in 2030. Cepsa wants to go beyond net zero to Net Positive, enabling cust

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