Masdar Expands European Footprint with AED 3.62 Billion Renewable Energy Deal in Spain

Abu Dhabi | EcoPulse24

Abu Dhabi Future Energy Company Masdar has signed an agreement to acquire a 49.99% stake in a renewable energy portfolio owned by Spain's Repsol, in a transaction valued at approximately €849 million (AED 3.62 billion).

The acquisition strengthens Masdar's presence in one of Europe's fastest-growing renewable energy markets and further advances the company's global expansion strategy.

The portfolio includes 705 megawatts (MW) of operating renewable energy assets, consisting of 13 wind farms with a combined capacity of 402 MW and six solar photovoltaic projects totaling 303 MW. All assets entered operation during 2025 and the first quarter of 2026.

The transaction is expected to close by the end of 2026, subject to regulatory approvals.

Strengthening Presence in a Strategic European Market

Spain has emerged as one of Europe's most important renewable energy markets, supported by strong investment flows, energy transition policies and rising demand for low-carbon electricity generation.

Masdar said the acquisition enhances its international investment portfolio while reinforcing its commitment to supporting Europe's energy transition goals.

Additional Growth Potential

Beyond the operating assets, the portfolio offers an estimated 565 MW of additional growth potential through hybrid renewable energy developments combining wind, solar and battery energy storage technologies.

The expansion opportunities align with broader industry trends aimed at improving grid stability and maximizing renewable energy output.

Supporting Masdar's 100 GW Ambition

The acquisition forms part of Masdar's strategy to increase its global renewable energy portfolio to 100 gigawatts by 2030.

Upon completion, Masdar's operational capacity in the Iberian Peninsula is expected to reach 4.1 GW, alongside approximately 1 GW of projects currently under development.

EcoPulse24 Analysis

The significance of the transaction extends beyond its €849 million price tag.

Rather than investing solely in future developments, Masdar is acquiring operating assets that already generate electricity and cash flows, providing immediate scale and long-term strategic value.

The deal also highlights the growing role of Gulf capital in financing Europe's energy transition, as investors seek exposure to stable infrastructure assets with predictable long-term returns.

For Masdar, the acquisition represents another step toward becoming one of the world's largest renewable energy investors while strengthening Abu Dhabi's position in the global clean energy landscape.