Repsol ( (ES:REP) ) has provided an announcement.
Repsol has partnered with Stonepeak, marking its first inclusion of a partner in its U.S. renewable portfolio. Stonepeak will invest $340 million to acquire a 46.3% stake in Repsol’s solar and storage assets in New Mexico and Texas, valued at $735 million. This strategic move is part of Repsol’s efforts to optimize its financial structure and incorporate partners to maximize value generation in its renewable business. The transaction, which includes the Frye solar park and the Jicarilla complex, is expected to close in the third quarter of 2025 and will help Repsol advance its growth strategy in the renewable energy sector.
More about Repsol
Repsol is a multi-energy company operating in the renewable energy sector, with a focus on solar and battery energy storage. The company has a significant presence in the United States, with nearly 4,000 MW in operation and a global project portfolio of 60,000 MW in various stages of development.
YTD Price Performance: -5.39%
Average Trading Volume: 1,149,888
Technical Sentiment Signal: Buy
Current Market Cap: €12.35B
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