Repsol has just closed its landing in the US renewables company: Hecate Energy. The operation has already received all the necessary permits for the landing by the Spanish oil company in the company with a 40% stake and the option to take over all of it within three years.
Hecate has 16.8 GW of solar and energy storage projects in advanced stages of development and a portfolio of up to 40 GW.
Hecate’s assets include projects in the North American power regions of PJM Interconnection, the Electrical Reliability Council of Texas (ERCOT), the Midcontinent Independent System Operator (MISO), the Southwest Power Pool (SPP), the New York Independent System Operator ( NYISO) and the Western Electric Coordinating Council (WECC).
Guggenheim Securities, LLC acted as Hecate Energy’s exclusive financial advisor and placement agent in connection with the transaction. Legal and accounting services were provided to Hecate Energy by the international law firm Winston & Strawn LLP, and the leading accounting firm CliftonLarsonAllen LLP.