Acciona Energía has signed an agreement to sell 49% of its U.S. solar portfolio, with an installed capacity of 1.3 gigawatts, and to fully divest from its Mexican wind assets totalling 321 megawatts. The transaction, valued at approximately $1bn (€855mn), is part of a strategy aimed at freeing up capital while retaining operational control in its core markets.
A portfolio spread across three U.S. states
The minority stake sold by Acciona Energía includes four large-scale photovoltaic plants. Red Tailed Hawk (458 megawatts peak) and Fort Bend Solar (316 megawatts peak) are located in Texas, while High Point Solar Farm (127 megawatts peak) is in Illinois and Union Solar (415 megawatts peak) in Ohio. The Spanish group retains a 51% stake in these projects and will continue to operate and manage them.
At the same time, Acciona Energía has fully exited the El Cortijo (183 megawatts) and Santa Cruz (138 megawatts) wind farms, located in Reynosa, Tamaulipas, near the U.S. border. These facilities represent a combined 321 megawatts of grid-connected wind capacity.
A regional investor targeting stable assets
All of these assets were acquired by Mexico Infrastructure Partners (MIP), an investment fund specialising in infrastructure. This acquisition marks another step in its strategy to deploy capital in operating energy projects with stable revenues across North America.
The transaction is expected to close in the first half of 2026, subject to regulatory approvals and the fulfilment of closing conditions, including MIP securing financing. The total amount of the deal was not broken down by individual asset.
Asset rotation to strengthen the balance sheet
The sale is part of a broader effort by Acciona Energía since mid-2024 to divest renewable assets in various regions. To date, nearly 1.7 gigawatts of capacity has been offered in Spain, South Africa, Peru, and Costa Rica, generating a total of €2.4bn ($2.58bn) in gross proceeds.
By maintaining majority ownership of its U.S. solar portfolio, the company retains access to long-term cash flows from this market while reallocating capital toward new opportunities. This partial monetisation approach is a strategic lever to support growth without increasing debt.
Sustained appetite despite uncertainty
The transaction reflects continued investor interest in contracted renewable infrastructure in North America, despite a backdrop of rising interest rates and regulatory uncertainty. Funds like MIP are now focusing on operating assets over development-stage projects.
In Mexico, the regulatory environment remains cautious towards private investment in the power sector. However, projects already connected to the grid and with established performance continue to attract institutional interest.
