Stonepeak to acquire a 46.3% stake in solar and storage portfolio from Repsol.

Stonepeak, a private equity firm, offered to acquire a 46.3% stake in solar and storage portfolio from Repsol, a Spanish multinational energy and petrochemical company, for $340m. "This investment represents another important step in delivering much-needed cost effective and sustainable electricity to our domestic power grid at a time when communities need it most. Repsol is an extremely well-respected company globally, and we look forward to deepening our partnership with them in the coming years," Anthony Borreca, Stonepeak Senior Managing Director.