The company has acquired Saeta Yield, a leading renewable platform with 745 MW of operational wind assets and a 1.6 GW development pipeline in Spain and Portugal, for an enterprise value of €1.2 billion. This acquisition, made in partnership with Brookfield Renewable Partners, strengthens Masdar's presence in the region's growing wind energy sector.
Additionally, Masdar has formed a strategic partnership with Endesa S.A., a subsidiary of Enel Group, to further boost its solar capacity in Spain. Masdar has acquired a 49.99% stake in EGPE Solar, which owns a 2 GW portfolio of operational solar photovoltaic (PV) assets. The deal, valued at €817 million, also includes plans to add 0.5 GW of battery storage.
These acquisitions bolster Masdar's European renewable energy footprint as the company works towards its goal of achieving 100 GW of global capacity by 2030. The partnership with Endesa also includes long-term power purchase agreements (PPAs) to secure the energy produced by the solar assets.
With these moves, Masdar continues to strengthen its position as a global leader in clean energy, driving forward its mission to accelerate the transition to sustainable power across Europe and beyond.
