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ACCIONA Energía to sell $1bn stake in wind and solar asset in US and Mexico
Yahoo Finance· 2025-12-16 09:19
Core Viewpoint - ACCIONA Energía is selling a 49% stake in its 1.3GW US photovoltaic portfolio and its entire ownership in two Mexican wind farms for approximately $1 billion as part of its asset rotation strategy to optimize capital allocation [1][3]. Group 1: Transaction Details - The transaction involves four solar plants in the US: Tailed Hawk (458MWp), Fort Bend Solar (316MWp), High Point Solar Farm (127MWp), and Union Solar (415MWp) [2]. - ACCIONA Energía will retain a 51% controlling interest in the US assets and will continue to manage their operations [2]. - The Mexican wind portfolio includes two wind farms: El Cortijo (183MW) and Santa Cruz (138MW) located in Reynosa, Tamaulipas [2]. Group 2: Timeline and Financials - The deal is expected to close in the first half of 2026, subject to regulatory approvals and financing [3]. - Since July 2024, ACCIONA Energía has signed agreements to sell nearly 1.7GW of renewable capacity across various countries for approximately €2.4 billion [3]. - As of June 2025, the company reported a total installed capacity of 15.1GW and a consolidated capacity of 13.4GW [3]. Group 3: Future Projects - ACCIONA Energía is constructing a 1GWh battery energy storage system at its Malgarida photovoltaic complex in Chile, expected to be one of the largest in South America, with commissioning set for early 2027 [4].