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.
Posted by : DubaiPRNetwork.com Editorial Team Viewed 24001 times PR Category :Local News and Government Posted on : Tuesday, March 25, 2025 10:09:00 AM UAE local time (GMT+4)
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