ACCIONA Energía has reached an agreement with Mexico Infrastructure Partners (MIP) to sell renewable energy assets totaling approximately USD 1 billion. The transaction involves a 49% stake in the company's 1.3GW photovoltaic portfolio in the United States and the full stake in two wind farms in Mexico totaling 321MW.

Portfolio Details

The US photovoltaic portfolio comprises four solar plants across multiple states. Red Tailed Hawk, with 458 MWp capacity, and Fort Bend Solar, with 316 MWp capacity, are both located in Texas. High Point Solar Farm operates at 127 MWp in Illinois, while Union Solar generates 415 MWp in Ohio.

ACCIONA Energía will retain a 51% majority stake in the US solar assets and continue to operate and manage them following the completion of the transaction. This arrangement allows the company to maintain operational control while securing significant capital from the partial divestment.

Mexican Wind Assets

The 321MW wind capacity component of the deal comprises two wind farms located in México. El Cortijo operates at 183MW, while Santa Cruz generates 138MW. Both wind farms are located in the municipality of Reynosa, Tamaulipas.

Unlike the US solar portfolio, ACCIONA Energía is selling its full stake in both Mexican wind facilities to MIP. The total transaction value of approximately USD 1 billion represents EUR 855 million in equity value.

Transaction Timeline and Conditions

The transaction is expected to close in the first half of 2026, subject to several conditions. Customary regulatory approvals must be obtained before the deal can be finalized. Additionally, completion depends on the fulfillment of obligations related to the perimeter of the transaction and on the buyer's successful closing of financing for the deal.

The December 15, 2025, announcement marks a significant step in the transaction process, though several months remain before the expected closure date.

Strategic Asset Rotation

This agreement represents further progress in ACCIONA Energía's selective asset rotation strategy, which aims to unlock value, optimize capital allocation, and strengthen the company's financial position. The approach involves divesting certain assets to improve the overall portfolio composition and financial flexibility.

Since July 2024, ACCIONA Energía has demonstrated significant activity in asset rotation. The company has reached agreements to sell almost 1.7GW of renewable capacity across Spain, South Africa, Peru, and Costa Rica. These transactions have generated a total value of around EUR 2.4 billion, indicating a substantial portfolio optimization effort over recent months.

The current USD 1 billion agreement with Mexico Infrastructure Partners adds to this broader strategic initiative, representing one of the largest individual transactions in the company's recent asset rotation activities. The deal spans two countries and multiple renewable energy technologies, demonstrating the geographic and technological diversity of ACCIONA Energía's portfolio.

The retention of majority control over US solar assets while fully divesting the Mexican wind farms suggests a differentiated approach to markets and asset types within the company's strategic framework. This structure allows ACCIONA Energía to maintain operational involvement in the US market while completely exiting the specific Mexican wind assets in Tamaulipas.

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