Masdar Acquires Saeta Renewables Platform and Partners with Endesa for a Portfolio of Operating and Development Wind and Solar Projects with a Total Capacity of over 4GW in Spain and Portugal
/Abu Dhabi, U.A.E, December 23, 2024, 11:30 GMT, Masdar, RENEWABLE MARKET WATCHTM/ Masdar, the UAE's leader in clean energy, has significantly expanded its European portfolio by completing two major acquisitions in Spain and Portugal to underpin its ambitious growth plans further. Masdar acquired Saeta Yield ("Saeta") from Brookfield Renewable Partners (NYSE: BEP, BEPC; TSX: BEP.UN, BEPC), together with its institutional partners ("Brookfield"), for an enterprise value of €1.2 billion and an equity value of €696 million.
