Market Chatter: Galp Energia Said to Explore Options for Renewable Energy Assets

09:30 AM EDT, 10/02/2026 (MT Newswires) -- Galp Energia (GALP.LS) is looking to monetize its renewable energy assets amid its planned downstream portfolio combination with Spanish fuel maker Moeve, Bloomberg News reported Friday, citing sources. Potential options for the Portuguese energy company's renewable operations, which have an overall power generation capacity of 2.7 gigawatts, include a partial divestment of the assets or a stake sale, according to people with knowledge of the matter. Moeve is backed by Abu Dhabi wealth fund Mubadala Investment Co. and The Carlyle Group. Galp Energia did not immediately respond to a request for comment from MT Newswires. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)