Saeta strengthens Masdar’s footprint in the Iberian Peninsula ...United Arab Emirates

ME CONSTRUCTION NEWS - Local News
Saeta strengthens Masdar’s footprint in the Iberian Peninsula
source : ME CONSTRUCTION NEWS ( United Arab Emirates ) () 88
Abu Dhabi Future Energy Company (Masdar) has announced the proposed acquisition of Saeta Yield from Brookfield Renewable together with its institutional partners for an implied enterprise value of US $1.4bn. Closing of the transaction is subject to customary approvals and is expected to occur around the end of 2024. Saeta is an independent developer, owner and operator of renewable power assets with capabilities across the entire value-chain. The transaction consists of a portfolio of 745MW of predominantly wind assets – 538MW of wind assets in Spain, 144MW of wind assets in Portugal and 63MW solar PV assets in Spain – and includes a 1.6GW development pipeline. The transaction excludes a reg

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