Masdar acquires 49.99% stake in 2.5GW renewable energy assets in Spain, partnering with Endesa for €1.7bn.

Masdar, a leading UAE clean energy firm, partners with Endesa for a €1.7bn ($1.92bn) renewable energy transaction in Spain, acquiring a 49.99% stake in 2.5GW of renewable energy assets. The deal involves 48 operational solar plants with a combined capacity of 2GW, with potential BESS hybridization for up to 0.5GW. The partnership supports Spain's NECP targets and EU's net zero by 2050 goal, and advances Masdar's growth plans in Europe, targeting a global capacity of 100GW by 2030.

July 25, 2024
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