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المشهد العربي
Emirati firm invests in Spanish renewable assets
Abu Dhabi Future Energy Company, "Masdar," has signed a partnership agreement with Spanish company "Repsol" to acquire a 49.99% stake in a portfolio of renewable energy projects in Spain, with a total value of up to €849 million. The portfolio includes 13 wind power plants and 6 solar projects with a total capacity of 705 megawatts, all of which are expected to be operational by 2025 and 2026. There is also potential for additional growth of approximately 565 megawatts through the development of hybrid technologies. The deal aims to support Masdar's objectives to expand its global clean energy capacity to 100 gigawatts by 2030.
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