Endesa, Masdar Partner for €184 Million Solar Investment in Spain

Masdar, the UAE's clean energy leader, has announced its acquisition of a 49.99% stake in four solar plants in Spain from Endesa for €184 million, with the total enterprise value of the assets set at €368 million. This transaction, which is subject to regulatory approval, is part of Masdar's strategy to expand its renewable energy footprint in Europe and follows a previous agreement with Endesa regarding a 2 GW portfolio of solar assets. The collaboration is expected to enhance renewable energy opportunities and support Europe’s decarbonization goals. Endesa will maintain control over the solar business and has committed to a 15-year power purchase agreement for the energy produced. The deal is anticipated to close in the second quarter of 2025, pending necessary approvals from Spanish authorities. Leaders from both companies emphasize the importance of this partnership in accelerating the energy transition.