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Masdar Partners with Endesa in €1.7 Billion Renewable Energy Transaction in Spain
Jul 26, 2024•almost 2 years ago
Contract Type
partnership
Abu DhabiEnergyRenewable Energy
Description
Abu Dhabi Future Energy Company PJSC – Masdar ("Masdar"), the UAE's clean energy leader, announced today that it has reached an agreement with Endesa S.A. ("Endesa") to become a partner for 2.5 gigawatts (GW) of renewable energy assets in Spain. The transaction would see Masdar invest €817 million to acquire a 49.99% stake, with an enterprise value of €1.7 billion, representing one of Spain's biggest renewable energy deals.
Company Information
Company
Abu Dhabi Future Energy Company PJC – Masdar
Location
Abu Dhabi, Abu Dhabi Emirate, United Arab Emirates
About
Masdar is a global clean energy leader and one of the world’s largest developers and operators of renewables. The company focuses on sustainable and renewable energy projects, contributing to cleaner power solutions. Masdar targets expansion across the Iberian Peninsula and Europe, aiming for a global portfolio capacity of 100GW by 2030. Their innovative approach emphasizes performance and long-term asset value.
Abu DhabiEnergyRenewable Energy