Exus Renewables to acquire 60% stake in Masdar's Portuguese wind farm portfolio

The 60% stake acquisition by Exus Renewables in Masdar's 164 MW Portuguese onshore wind portfolio establishes a co-ownership model for operational assets. Masdar's retention of a 40% interest suggests a joint venture approach, rather than a full divestment, for the nine wind farms in Guarda and Castelo Branco. This structure allows Exus Renewables to expand its investment and asset management footprint in European renewables, gaining immediate exposure to established generation capacity. For Masdar, the agreement provides capital recycling from operational assets while maintaining a strategic presence in the Portuguese market. The undisclosed value of the 2026-03-10 announced deal indicates a private transaction tailored to the specific partnership objectives of both parties. This partial sale allows Masdar to de-risk its balance sheet from a portion of the operational assets, potentially freeing capital for new development. Exus Renewables, as an independent investment and asset management firm, gains a significant operational onshore wind portfolio in Portugal, aligning with its strategy to invest in and manage renewable energy projects across various geographies. This 164 MW addition enhances Exus Renewables' managed capacity with nine operational assets. Masdar, a clean energy pioneer focused on the UAE's energy transition, uses this partial divestment to optimize its portfolio of deployed renewable energy projects. By retaining 40% of the Guarda and Castelo Branco wind farms, Masdar maintains a foothold in the European market while potentially reallocating capital towards new low-carbon urban development or other global renewable deployments. The transaction, announced on 2026-03-10, demonstrates continued investor appetite for operational onshore wind assets in Southern Europe.