ACCIONA Energía, the renewable energy subsidiary of Spain-based ACCIONA Group, has reached an agreement with Mexico Infrastructure Partners (MIP)—one of the leading private equity firms focused on infrastructure in Latin America—to divest a 49% stake in its 1.3 GW solar photovoltaic (PV) portfolio in the United States, along with the full ownership of two onshore wind farms in northeastern Mexico totaling 321 MW. The combined transaction has an equity value of approximately US$1 billion (€855 million).
Under the terms of the agreement, ACCIONA Energía will retain a majority 51% ownership in the U.S. solar assets and will continue to oversee their operation and maintenance (O&M). This structure allows the company to maintain operational control and long-term cash flow visibility, while partially monetizing mature assets in line with its capital allocation strategy. The closing of the transaction is expected in the first half of 2026, subject to customary regulatory approvals and the successful completion of financing by the buyer.
The U.S. solar PV portfolio comprises four large-scale, grid-connected plants located in strategically important electricity markets with strong demand growth and stable regulatory frameworks. These include Red Tailed Hawk (458 MWp) and Fort Bend Solar (316 MWp) in Texas, High Point Solar Farm (127 MWp) in Illinois, and Union Solar (415 MWp) in Ohio. In total, the assets add up to 1.3 GW of installed capacity, reinforcing ACCIONA Energía’s footprint in the U.S. utility-scale solar segment, one of the most competitive renewable energy markets globally.
In Mexico, the transaction includes the divestment of two operational onshore wind farms located in the municipality of Reynosa, in the state of Tamaulipas, a region with favorable wind resources and proximity to industrial load centers. The assets are El Cortijo wind farm (183 MW) and Santa Cruz wind farm (138 MW), which together account for 321 MW of installed wind capacity. These projects have been key contributors to ACCIONA Energía’s renewable portfolio in Mexico and are connected to the national grid operated by the Federal Electricity Commission (CFE).
In parallel, ACCIONA Energía has also completed the sale of the San Juan de Marcona wind farm in southern Peru, with an installed capacity of 135.7 MW, to Luz del Sur S.A.A., one of the country’s largest and most established electricity distribution companies. The transaction reached a value of US$256 million (€218 million) and was finalized after obtaining all required regulatory approvals, including clearance from INDECOPI, Peru’s national authority for competition and intellectual property protection.
According to the company, these transactions represent a new milestone in its selective asset rotation strategy, aimed at maximizing the value of its renewable energy projects, optimizing capital deployment, and reinforcing its financial position. Since July 2024, ACCIONA Energía has signed agreements to sell nearly 1.7 GW of renewable capacity across Spain, South Africa, Peru, and Costa Rica, for a total consideration of approximately €2.4 billion, reflecting strong investor appetite for operational renewable assets with stable cash flows.
