Masdar finalizes solar plant agreement in Spain: Masdar’s Iberian platform Saeta Yield is buying a 234 MW Valle Solar PV plant and a potential 259 MW of battery energy storage systems located in the Valencia region from, one of the largest in the region, according to a press release. The investment ticket was not disclosed.

About the plant: The solar plant — which was marketed by a joint venture between Genia Solar Energy and Solar Ventures — will be located in the municipalities of Ayora, Jarafuel and Zarra. Operations are set for the first half of 2027.

ADVISORS- Watson Farley & Williams, G-advisory, EY, and Finergreen advised Solar Ventures and Genia Solar in the transaction, while Broseta, Solida, and Pérez-Llorca were Saeta’s advisers.

REMEMBER- Masdar finalized its EUR 1.2 bn acquisition of Spanish renewables firm Saeta from Brookfield Renewable in December, adding 1.6 GW of a renewables pipeline to its portfolio.

Masdar ? Spain: Masdar acquired a 50% stake in Spanish power firm Endesa’s solar power installations subsidiary EPGE Solar for AED 3.3 bn (c. EUR 818 mn) last December. It also acquired a strategic minority stake of 49.99% in four solar assets owned by Endesa for EUR 184 mn last week, and had earlier signed an agreement to potentially develop an additional 3 GW of solar capacity. Masdar’s portfolio also includes a 1.2 GW solar plant in the Castilla La Mancha region of Spain.

Further expansion in Europe: Masdar has also been bullish on the wider green energy sector in Europe as part of its plan to reach its 100 GW target for global capacity by 2030, including with acquisitions of a 70% stake in Greece’s Terna Energy. It also reached financial close to secure its 49% acquisition of the 476 MW Baltic Eagle wind farm off the coast of Germany earlier in March and finalized the acquisition of a 49% stake in the UK’s 3 GW Dogger Bank South wind farm from German energy giant RWE.

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