Spain’s Exus Renewables is acquiring a majority stake in Masdar’s Portuguese wind platform, according to a press release. The energy group agreed to acquire 60% of a portfolio of nine wind farms in northern and central Portugal, while Masdar is keeping 40%.

The assets, located in Guarda and Castelo Branco, are already operational but will undergo upgrades. Capacity is being increased from 144 MW to 164 MW through one of Portugal’s first large-scale wind repowering programs, with completion targeted for 2027.

The wind farms are in the final repowering phase, which involves replacing older turbines with more efficient technology to increase output. The partners plan to add 110 MW of solar capacity through hybridization, turning the sites into multi-technology clean energy hubs. Once fully operational, the portfolio is expected to power more than 200k households.

Zooming out: Masdar is looking to reach its 100-GW global renewables capacity target by 2030 after hitting the 65-GW mark as of January.

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