Masdar grows globally with $1.4bn acquisition
Oil and Gas News|October 2024
ABU DHABI: The Abu Dhabi Future Energy Company (Masdar) is set to acquire Saeta Yield, a leading independent developer, owner and operator of renewable power assets, from Brookfield Renewable.
Masdar grows globally with $1.4bn acquisition

The acquisition, together with its institutional partners, is valued at $1.4 billion, and is expected to be closed by 2024-end.

The transaction consists of a portfolio of 745 megawatts (MW) of predominantly wind assets – 538 MW of wind assets in Spain, 144 MW of wind assets in Portugal and 63 MW solar PV assets in Spain - and includes a 1.6-gigawatt (GW) development pipeline.

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