Repsol Allies with Stonepeak on Solar, Storage Portfolio in First U.S. Renewables Partnership
Vinson & Elkins advised Stonepeak, a leading alternative investment firm focused on infrastructure and real assets, in its $340 million acquisition from Repsol of a 46.3% interest in a 777 MW portfolio of operating solar and battery storage projects.
The portfolio, located in New Mexico and Texas, is valued at approximately $795 million, including $60 million in previously raised tax equity. The deal marks Stonepeak’s first partnership with Repsol in the U.S. renewables sector.
The Vinson & Elkins team was led by partner Matt Falcone and senior associate Jordan Fossee, with assistance from senior associate Rob Vezina and associates Mimi Nguyen and Brian Park. Other key team members include partners David Peck, Lauren Collins, Aaron Prince; partner Eamon Nolan and counsel Zach Banks; partner Evan Miller; counsel Hal Taylor; counsel Corinne Snow; partners Jeffrey Jakubiak and Winston Skinner; partners Jeff Crough and Craig Zieminski; and counsel Brian Howard.
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