Masdar to Expand Endesa Partnership in €368 Million Renewable Energy Transaction, Strengthening Presence on Iberian Peninsula
Spain, March 24 -- Abu Dhabi Future Energy Company PJSC - Masdar, the UAE's clean energy leader, announced today an agreement with Endesa S.A. to acquire a 49.99 percent stake in four solar plants in Spain, with a total capacity of 446 megawatts (MW). The transaction, which is subject to regulatory approvals and other conditions, would see Masdar invest €184 million for the stake in the assets, which have an enterprise value of €368 million.These operating assets mark a significant milestone in Masdar's continued growth in the Iberian Peninsula and across Europe, and further its commitment to advancing the region's renewable energy ambitions. The proposed acquisition follows last year's agreement between Masdar and Endesa to par...
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