Masdar and Exus Renewables to codevelop 110MW of solar in Portugal

Masdar and Exus Renewables have announced a plan to co-develop 110MW of solar capacity in Portugal. This development is part of a hybridisation initiative, leveraging their existing wind farm partnership. While the financial details remain undisclosed, the collaboration signifies a continued investment in Portugal's renewable energy infrastructure. The project's focus on hybridisation suggests an effort to optimize energy production and grid stability by combining solar and wind resources. This deal is notable due to the involvement of Masdar, a prominent clean energy company positioning the UAE in the global energy transition, and Exus Renewables, an established investment and asset management firm specializing in renewable energy. Their combined expertise and resources are likely to contribute to the successful development of the solar project. The hybridisation aspect also highlights a growing trend in the renewable energy sector towards integrated solutions that enhance reliability and efficiency.