MASDAR AND ENDESA ACHIEVE FINANCIAL CLOSE FOR €368 MILLION SOLAR PV PORTFOLIO, EXPANDING EUROPEAN CLEAN ENERGY CAPABILITIES
United Arab Emirates, Oct. 2 -- Masdar, a global clean energy leader, today announced the closing of its acquisition of a 49.99% stake in a €368 million portfolio comprising four operational solar PV plants from Enel Green Power Espana S.L., a subsidiary of Endesa S.A. ("Endesa"), a leading company in the Spanish electricity sector and a subsidiary of Enel Group. The transaction represents a deployment of €69 million in equity by Masdar, with an additional €115 million of acquisition financing. The move adds a significant 446 megawatts (MW) of operational solar capacity to the company's European portfolio, while supporting Masdar's strategy to scale renewable energy capabilities across the Iberian Peninsula and wider Europ...
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