Masdar, a renewable energy company, has completed the purchase of Saeta Yield, a renewables platform located in the Iberian Peninsula, from Brookfield Renewable and its partners. The acquisition values Saeta at 1.2 billion euros, with an equity value of 696 million euros.
With this acquisition, Masdar is strengthening its presence in the Iberian renewable energy market. Saeta’s portfolio includes 745 MW of operational capacity, consisting of 538 MW of wind assets in Spain, 144 MW of wind assets in Portugal, and 63 MW of solar PV assets in Spain. Additionally, Saeta brings a 1.6 GW development pipeline, providing further opportunities for growth.
This acquisition is in line with Masdar’s strategy to expand renewable energy capacity globally, aiming for 100 GW by 2030. The deal demonstrates the company’s dedication to supporting the energy transition in Europe and promoting clean energy solutions in key markets.
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