Search DubaiPRNetwork.com

Dubai and UAE

Tuesday, March 25, 2025/ Editor

Home >> Local News and Government

Masdar to Expand Endesa Partnership in €368 Million Renewable Energy Transaction, Strengthening Presence on Iberian Peninsula

Masdar to Expand Endesa Partnership in €368 Million Renewable Energy Transaction, Strengthening Presence on Iberian Peninsula

Home >> Local News and Government
  • Masdar set to invest €184 million to acquire 49.99% of four Endesa solar assets in Spain with a capacity of 446 MW, subject to regulatory approvals and other conditions
  • Agreement will build upon Masdar's 2024 acquisition from Endesa in Spain of a 49.99% stake in 2GW portfolio of solar assets, with a potential BESS hybridization of up to 0.5GW
  • Proposed agreement will further strengthen Masdar's position in one of EU's largest solar markets, supporting Spain's NECP targets and the EU's Net Zero 2050 goal
  • As one of the world's fastest-growing renewable energy companies, Masdar has a current capacity of more than 50 GW and is targeting 100GW by 2030

Madrid, Spain; Abu Dhabi, UAE, March 24, 2025 – Abu Dhabi Future Energy Company PJSC – Masdar, the UAE's clean energy leader, announced today an agreement with Endesa S.A. to acquire a 49.99 percent stake in four solar plants in Spain, with a total capacity of 446 megawatts (MW). The transaction, which is subject to regulatory approvals and other conditions, would see Masdar invest €184 million for the stake in the assets, which have an enterprise value of €368 million.

 

Share


Next in Local News and Government


Home >> Local News and Government Section

Latest Press Release

IATA Comments on Misguided Solidarity Levy Proposal

NHRI Organizes Ninth Knowledge Lab on Workers' Rights

Mercato Wows Visitors with Circus Spectacles, Iconic Slide, and Weekly Cash Prizes This DSS!

RTA Calls on Motorists to Perform Routine Vehicle Checks and Servicing

Dubai Municipality launches ‘Future Talents' programme to train 200 students in future skills

Cigna Healthcare Becomes First Health Partner for UAE Startup Ecosystem Ignyte

Tomorrow Takes Flight: The Emirates Group showcases collaborative sustainability initiatives in avia ...

FDF hosts dialogue forum to showcase services in Al Khatim

Dubai Open Tennis Academies Championship Concludes with Resounding Success

Sharjah Chamber strengthens investment cooperation with Africa during first-ever trade mission to Ma ...

Khalifa Fund for Enterprise Development launches ‘Future Entrepreneur' program to enhance entreprene ...

Dubai Culture and National Youth Orchestra of Dubai Put UAE's Creative Youth on World Stage at Carne ...

UAEREP's 12th Rain Enhancement Hub Webinar Session Explores Eco-Friendly Cloud Seeding Technologies

Ajman Department of Tourism Development launches second edition of ‘Self-Exploration through Tourism ...

DSS 2025 Unveils AED 20 Million In Prizes With Citywide Raffles and Retail Promotions

Emirates SkyCargo doubles down on providing exceptional customer experience

The Emirates A350 begins regular operations to Muscat

Zoho Strengthens Support for UAE's Tech Sector By Partnering with DART

Dubai Launches Landmark Initiative Further Enabling First-Time Homeownership

SalamAir Releases 2nd Quarter (Q2) On-Time Performance Data