Repsol, S.A. (BME:REP) is holding talks with Hecate Holdings LLC to possibly acquire its 60% stake in their shared solar and storage project development company in the United States, Hecate Energy Group LLC (HEG). Repsol owns 40% of the Chicago-based solar and storage firm, after acquiring the stake three years ago to gain a foothold in the US renewables market. The agreement included the option for Repsol to acquire all remaining shares in HEG three years after the close of the deal, which took place on June 25, 2021.

On June 25, 2024, Hecate Holdings informed Repsol of the exercise of its put option to sell 60% stake in HEG, the Spanish group disclosed in its earnings report filing on 24 July 2024. "The parties are currently in discussions as to the next steps to be taken, as well as possible transaction alternatives," Repsol said.