Abu Dhabi – Mubasher: Abu Dhabi Future Energy Company (Masdar) has fully acquired Saeta Yield from Brookfield Renewable and its institutional partners for an implied enterprise value of EUR 1.20 billion.
This transaction includes an operating and regulated portfolio of around 745 megawatts (MW) of onshore wind and solar assets and nearly 1.60 gigawatts (GW) of development pipelines across Spain and Portugal.
The acquisition of Saeta aligns with Masdar’s commitment to accelerating the energy transition on the Iberian Peninsula and Europe.
It also boosts its regional growth plans, the UAE’s clean energy leader targets a global capacity of 100 GW by 2030.
Abu Dhabi National Energy Company (TAQA), which holds a 43% shareholding in Masdar, announced the acquisition deal last September.
