UAE’s Masdar Says Will Acquire Renewable Energy Producer Saeta for $1.4Bln

https://sputnikglobe.com/20240925/uaes-masdar-says-will-acquire-renewable-energy-producer-saeta-for-14bln-1120281748.html

UAE’s Masdar Says Will Acquire Renewable Energy Producer Saeta for $1.4Bln

UAE’s Masdar Says Will Acquire Renewable Energy Producer Saeta for $1.4Bln

Sputnik International

Abu Dhabi-based company specializing in clean energy sources Masdar announced a deal to acquire wind and solar energy producer Saeta from Canada’s Brookfield Renewable for $1.4 billion.

2024-09-25T11:21+0000

2024-09-25T11:21+0000

2024-09-25T11:21+0000

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«Abu Dhabi Future Energy Company PJSC – Masdar («Masdar»), the UAE’s clean energy powerhouse, today announced the proposed acquisition of Saeta Yield («Saeta») from Brookfield Renewable (NYSE: BEP, BEPC; TSX: BEP.UN, BEPC), together with its institutional partners («Brookfield»), for an implied enterprise value of c. US $1.4 billion,» the company said in a statement on Tuesday, adding that the deal is expected to close in late 2024. The deal includes Saeta’s wind and solar power plants in Spain and Portugal with a total capacity of 745 megawatts, as well as 1.6 gigawatts of planned capacity in new projects, the statement added.

https://sputnikglobe.com/20240621/sco-energy-chiefs-agree-cooperation-strategy-until-2030-1119050417.html

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uae’s masdar company, masdar acquires saeta, saeta acquisition, clean energy companies in uae, renewable energy companies in uae, renewable energy companies in the middle east

MOSCOW (Sputnik) – Abu Dhabi-based company specializing in clean energy sources Masdar announced a deal to acquire wind and solar energy producer Saeta from Canada’s Brookfield Renewable for $1.4 billion.