From Oil Major to Energy Integrator: Managing 6 GW of Renewables with Maria Paz of Repsol

Episode notes

Welcome back to The Pexapark Podcast! In the first part of the episode, Luca Pedretti sits down with Maria Paz , Director of Energy Management and Thermal Generation at Repsol , to discuss what it takes to build and manage a large-scale renewable portfolio within an integrated energy company. With more than 6 GW of renewable capacity across Spain, the US, Chile, and Italy, Repsol offers a unique perspective on combining generation, retail demand, trading, and risk management under a single commercial strategy. Key themes from the discussion include: How Repsol integrates generation, retail demand, and trading activities Why PPAs remain essential for de-risking renewable investments How portfolio optimization captures value across forward, spot, and ancillary service markets The role of hybridization and grid constraints in future project development Why renewable commercialization is becoming increasingly complex as markets evolve In the second part of the episode, Luca turns to recent Pexapark market intelligence, examining Italy's rapidly evolving renewable and storage market.

• Inside Southeast Europe's Power Markets with Dimitar Enchev of CWP Global82 / 100
• Risk, Revenue & Resilience: The View from a Global Investor with Jordi Francesch of Nuveen
• Co-location & Hybrid PPAs in Germany: What’s Real, What’s Priced, What’s Next
• The Missing Layer of Power Markets: Battery Optimization with Steffen Schülzchen of Entrix
• The AWS for Power: How Philipp Man of terralayr Wants to Shape the BESS Offtake Market