Endesa sells 49.99% stake in solar portfolio to Masdar

Endesa's sale of a 49.99% stake in a 446 MW operational solar portfolio in Spain to Masdar represents a significant transaction in the renewable energy sector. This deal allows Endesa to partially monetize its existing solar assets while retaining operational control, likely freeing up capital for further renewable energy development or other strategic initiatives. For Masdar, this acquisition provides immediate access to a substantial operational solar portfolio in a key European market, furthering its global expansion and reinforcing its commitment to renewable energy deployment. The partnership with Endesa, a well-established Spanish utility, also offers valuable local market expertise and operational synergies. The transaction underscores the increasing appetite for operational renewable energy assets among global investors like Masdar, seeking stable returns and contributing to their sustainability goals. While the deal value remains undisclosed, the size of the portfolio (446 MW) suggests a substantial investment. The involvement of Masdar, a prominent UAE-based clean energy company, highlights the growing international interest in the Spanish solar market. This deal is likely to encourage further investment and development in the Spanish solar sector, contributing to the country's renewable energy targets and broader energy transition efforts.