Repsol Sells to Stonepeak 46% of US portfolio for $340 Million

Repsol has agreed to sell to Stonepeak 46% of a US renewable energy portfolio for $340 million, according to a regulatory filing.

• Portfolio has 777 MW capacity of solar and battery energy storage, located in New Mexico and Texas
• Deal values the entire portfolio at $735 million
• Repsol previously raised ~$60 million in tax equity proceeds for this portfolio
  • Total value amounts to ~$795 million
• Portfolio includes the Frye solar project and the Jicarilla solar and storage complex
  • Frye is Repsol’s largest photovoltaic plant in operation, has an installed capacity of 632 MW
  • Jicarilla is located in Rio Arriba County, ...