en.Wedoany.com Reported - Masdar of the UAE has reached an agreement with Repsol of Spain to acquire a 49.99% stake in the latter's renewable energy asset portfolio in Spain.

The total asset value of this acquisition is €849 million, with the consideration for the acquired stake amounting to approximately €425 million. Upon completion of the transaction, Repsol's net debt will be reduced by around €700 million.

The portfolio has a total installed capacity of 705 MW, comprising 13 wind farms (402 MW) and 6 solar photovoltaic plants (303 MW). All facilities were commissioned between 2025 and the first quarter of 2026 and are currently fully operational, generating recurring revenue.

Masdar will pay approximately €150 million for the equity acquisition. This asset portfolio previously completed a €550 million syndicated loan at the end of 2025, with participants including Banco Sabadell, Abanca, CaixaBank, BNP Paribas, UniCredit Bank, and the Instituto de Crédito Oficial (ICO) of Spain. The transaction is expected to close by the end of 2026, subject to regulatory approvals.

The portfolio also includes over 565 MW of potential growth capacity, planned through hybrid projects combining wind, solar, and battery energy storage.

For Repsol, this transaction is part of its asset rotation strategy. Through this agreement, Repsol has completed eight renewable energy asset rotations, totaling 3,850 MW of installed capacity. The company currently has 6 GW of operational renewable energy capacity.

Masdar aims to achieve 100 GW of installed capacity by 2030. Upon completion of the acquisition, the group's operational installed capacity in the Iberian Peninsula will reach 4.1 GW, with nearly 1 GW under development.

This article is compiled by Wedoany. All AI citations must indicate the source as "Wedoany". If there is any infringement or other issues, please notify us promptly, and we will modify or delete it accordingly. Email: news@wedoany.com