Abu Dhabi’s Masdar has struck a €368m deal with Endesa, securing 446MW of Spanish solar power and cementing Spain as its European clean energy hub
The deal, which is subject to regulatory approvals and other conditions, will see Masdar acquire a 49.99 per cent stake in four solar plants in Spain
Masdar will invest EUR817m in the transaction, which values the portfolio at EUR1.7bn, making it one of Spain’s largest renewable energy deals