Background on Acciona Energía and the Deal
Acciona Energía, a Spanish electric company, announced on Monday that it has reached an agreement with Mexico Infrastructure Partners (MIP) to sell wind and solar assets in the United States and Mexico for approximately $1 billion. The transaction includes a 49% stake in Acciona Energía’s 1.3-gigawatt (GW) photovoltaic portfolio in the US and two wind farms in Mexico totaling 321 megawatts (MW).
Key Assets Involved in the Sale
- US Solar Assets: Acciona Energía is divesting a 49% stake in its US solar portfolio, which includes:
- Red Tailed Hawk (458 megawatts peak – MWp) and Fort Bend Solar (316 MWp) in Texas;
- High Point Solar Farm (127 MWp) in Illinois;
- Union Solar (415 MWp) in Ohio.
- Mexican Wind Assets: The deal also covers two wind farms in Mexico, El Cortijo (183 MW) and Santa Cruz (138MW), both located in Reynosa, Tamaulipas.
Acciona Energía will retain a majority 51% stake in the assets and continue to operate and maintain them.
Transaction Details and Implications
The company expects to close the transaction in the first half of 2026, subject to regulatory approvals and fulfillment of other transaction-related obligations, as well as the completion of financing by the buyer.
“This agreement represents another step forward in Acciona Energía’s strategy of selective asset rotation, aimed at maximizing the value of its projects and optimizing capital allocation while strengthening the company’s financial position,” Acciona Energía stated.
Since July 2024, Acciona Energía has signed agreements to sell nearly 1.7 GW of renewable capacity in Spain, South Africa, Peru, and Costa Rica for a total approximate amount of 2.4 billion euros.
Key Questions and Answers
- Who is Acciona Energía? Acciona Energía is a Spanish electric company specializing in renewable energy generation, with projects in various countries including the United States and Mexico.
- Why is this deal significant? The agreement demonstrates Acciona Energía’s strategy of selectively rotating assets to maximize project value and optimize capital allocation, while also reinforcing its financial position.
- What assets are included in the sale? The deal covers a 49% stake in Acciona Energía’s US solar portfolio and two wind farms in Mexico, totaling 321 MW.
- When is the transaction expected to close? Acciona Energía anticipates closing the transaction in the first half of 2026, pending regulatory approvals and other transaction-related obligations.
