Masdar acquires 49.99% stake in Spanish solar portfolio

Abu Dhabi's renewable energy company Masdar has acquired the Valle Solar project in Spain, which will include a 234 megawatt solar plant and a 259 MW battery energy storage system, expected to be operational by mid-2027. This investment is part of Masdar's broader strategy to achieve 100 GW of global clean energy capacity by 2030 and highlights the company's commitment to sustainability and biodiversity. Additionally, Masdar has purchased a 49.99% stake in four solar power plants in Spain from Endesa, increasing its operational capacity in the Iberian Peninsula to 3.2 GW. The total investment for the Endesa deal amounts to €184 million, reinforcing Masdar's role in supporting the EU's climate objectives. These acquisitions reflect the growing trend of international partnerships in the renewable energy sector, aimed at accelerating the transition to sustainable energy solutions. Masdar's expansion in Europe demonstrates its commitment to enhancing renewable energy infrastructure and supporting local economies.