Masdar Companions with Endesa in €1.7 Billion Renewable Power Transaction in Spain

Masdar Companions with Endesa in €1.7 Billion Renewable Power Transaction in Spain

Abu Dhabi Future Energy Company has reached an agreement with Endesa S.A. to become a partner for 2.5 gigawatts (GW) of renewable energy assets in Spain, subject to regulatory approvals and other conditions. The transaction would see Masdar invest €817 million to acquire a 49.99% stake, with an enterprise value of €1.7 billion, representing one of Spain’s biggest renewable energy deals.