Brookfield explores sale of solar developer X-Elio for over €4 billion

Brookfield has initiated a process to sell solar developer X-Elio, with a valuation exceeding €4 billion including debt. Santander and Barclays have been appointed to coordinate the sale. X-Elio has a portfolio of about 3 GW, with roughly 2.5 GW under construction, and a development pipeline of around 23 GW. The company operates in 12 countries and has expanded into energy storage, including battery projects in Germany. This potential sale follows Brookfield’s €1.2 billion sale of Saeta Yield to Masdar in 2023.

Counterparts (5)

Seller

Brookfield

company · 3 deals

Brookfield is a leading global investment firm focused on building long-term wealth for institutions and individuals around the world. They invest in long-life, high-quality assets and apply an owner-operator mindset to manage and grow the businesses they own.

advisor

Barclays

company · 3 deals

Barclays is a diversified bank with a strategy to achieve net zero emissions by 2050. It focuses on financing clients' transition to sustainable practices and scaling climate technology.

Santander

company · 7 deals

Banco Santander is a global financial institution offering a range of services including retail banking, corporate and investment banking, asset management, and consumer finance. The company focuses on building lasting loyalty among its shareholders and supporting education, employability, and entrepreneurship.

Investor

Masdar

company · 7 deals

Masdar is a clean energy pioneer positioning the UAE at the forefront of the worldwide energy transition. They deploy renewable energy projects and realize low-carbon urban development, supporting over 40 countries in their energy transition.

target

X-Elio

company · 1 deals

X-Elio is a global renewable energy company specializing in the development, construction, financing, and operation of solar photovoltaic (PV) plants, wind farms, and battery storage projects. They focus on delivering clean energy solutions and contributing to a sustainable future.