Latham & Watkins Advises Repsol in Its Second Renewable Asset Rotation With Stonepeak in the US

Repsol and Stonepeak are strengthening their alliance in the US renewable energy market with a new joint venture. Stonepeak, an alternative investment firm specializing in infrastructure and real assets, has agreed to acquire a 43.8% stake in Repsol's Outpost solar project, located in Webb County, Texas. The transaction values the project at US$775 million.

Latham & Watkins LLP is advising Repsol in the transaction with an M&A team led by partners Justin T. Stolte and Edmond Parhami, with associates Matt de Bernardo and Brock Jones. Advice was also provided on tax matters by partner Scott Cockerham, with associate Jacob Nagelberg; on project finance matters by partner Cameron Lyons, with associates Carlos Diaz and Josh Podolsky; on antitrust matters by partners José María Jiménez-Laiglesía, Jason Cruise, and Peter Todaro, with associate Carlos Betoret Leuba; and on energy regulatory matters by partner Tyler Brown and counsel Jamie Blackburn.