The transaction values the total asset at $775 million and includes the monetization of tax credits. This is the second major collaboration between the Spanish energy company and the US investment firm in the Texas market.
![[Img # 65930]](https://empresaexterior.com/upload/images/12_2025/4959_planta-solar-outpost.jpg)
Repsol has agreed to sell to the investment firm stonepeak a 43,8% stake in the solar park Outpost (Texas) by 252,5 millionThe transaction values the asset at 775 million and consolidates the energy company's asset rotation strategy. United States.
Financial details of the transaction and valuation of the asset
The Spanish energy company continues to optimize its financial structure in the North American market by incorporating strategic partners. In this new agreement, stonepeak, a manager specializing in infrastructure and real estate assets, will pay $252,5 million (€220 million) for a minority stake in the project.
The transaction implies a total asset valuation of approximately 775 million (€675 million). This figure includes revenue from fiscal equity obtained through the monetization of production tax credits (PTC), a key mechanism in the development of renewables on US soil.
The key figures of the transaction are detailed below:
| Charge Description | Amount in Dollars | Amount in Euros |
|---|---|---|
| Price of the share (43,8%) | 252,5 million | 220 million |
| Total asset valuation | 775 million | 675 million |
Outpost: A strategic asset in Texas
The solar project OutpostLocated in Webb County, Texas, it has an installed capacity of 629 MWThe facility began commercial operation last August and has technical and commercial characteristics that reinforce its appeal to international investors:
- Massive generation capacity of 629 MW.
- Full operation from August 2025.
- Backed by a long-term power purchase agreement (PPA).
According to João Costeira, General Manager of Low Carbon Generation of RepsolThis operation allows the company "to advance our growth strategy in this country, where we already have more than 2.800 MW in operation and under construction in solar and storage projects".
Consolidation of the Repsol-Stonepeak alliance
This transaction is not an isolated event, but rather the second asset rotation of Repsol in the United States in collaboration with stonepeakBoth entities already closed a similar transaction last July, which included the fund's entry into:
- The solar park Frye (632 MW) in Texas.
- The solar and storage complex Jicarilla (145 MW) in New Mexico.
- Now, the project Outpost (629 MW) in Texas.
Anthony Borreca, senior general manager of stonepeak, has emphasized that this agreement underlines the "a shared and ongoing commitment to advancing sustainable energy infrastructure and generating long-term value in Texas"The investment firm manages approximately $80.000 billion in assets and focuses its activity on defensive infrastructure, energy, and energy transition.
The final closing of the transaction is expected in the coming months, subject to the usual regulatory approvals for this type of international operation.
Key points and frequently asked questions about selling Outpost
What has Stonepeak bought from Repsol?
Stonepeak has acquired a 43,8% stake in the solar project Outpost from Repsol, located in Texas, for an amount of 252,5 million dollars.
What is the capacity and status of the Outpost project?
The solar park has an installed capacity of 629 MW and has been commercially operational since August 2025. It also has a long-term PPA agreement.
Is this the first time the two companies have collaborated?
No. This is the second joint venture in the US renewables market. In July, Stonepeak already acquired stakes in the solar park. Frye and in the complex Jicarilla.
