en.Wedoany.com Reported - Abu Dhabi Future Energy Company Masdar has signed an agreement with Repsol to acquire a 49.99% stake in a Spanish renewable energy asset portfolio, valuing the portfolio at €849 million. The agreement was jointly signed by Masdar CEO Mohamed Jameel Al Ramahi and Repsol’s Executive Managing Director for Low-Carbon Generation, João Costeira, in Abu Dhabi.
The portfolio comprises 705 MW of operational capacity, consisting of 13 wind farms (402 MW) and six photovoltaic solar parks (303 MW), all of which were commissioned between 2025 and the first quarter of 2026. Additionally, the portfolio holds over 565 MW of potential hybrid pipeline growth capacity, involving wind, solar, and battery storage.
Masdar CEO Mohamed Jameel Al Ramahi stated that Spain is one of the fastest-growing major economies in Europe, with renewable energy playing a key role in driving this growth. This transaction strengthens Masdar’s portfolio while deepening its support for Spain’s economic ambitions.
Repsol’s Executive Managing Director for Low-Carbon Generation, João Costeira, emphasized that the agreement marks another step in maximizing profitability, enabling the introduction of a global leading partner in renewable energy while further enhancing the value of a high-quality asset portfolio.
The transaction is expected to close by the end of 2026, subject to customary regulatory approvals. The agreement is part of Repsol’s renewable energy strategy, aimed at optimizing the financial structure of its business, accelerating growth with strategic partners, and conducting portfolio rotation. This is Repsol’s eighth renewable energy asset rotation, involving a total of 3,850 MW of assets in Spain and the United States. Repsol currently operates 6 GW of installed renewable energy capacity.
This acquisition continues Masdar’s strategy of collaborating with other industry leaders to expand renewable energy deployment globally, with a target of achieving 100 GW of global installed capacity by 2030. Upon completion of the transaction, Masdar’s operational installed capacity on the Iberian Peninsula will reach 4.1 GW, with approximately 1 GW under development.
Additionally, in December 2025, Repsol secured €550 million in syndicated financing from Banco Sabadell, Abanca Corporación Bancaria, CaixaBank, BNP Paribas, UniCredit Bank, and the Instituto de Crédito Oficial.
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