Abu Dhabi-based clean energy giant Masdar is expanding its footprint in the renewable energy sector with a major acquisition in the Iberian Peninsula. The company announced a $1.4 billion deal to acquire Saeta Yield, a renewables firm with significant wind and solar energy assets in Spain and Portugal. This strategic move is part of Masdar’s ambitious goal of reaching 100 GW of renewable energy capacity by 2030, reinforcing its position as a leader in the global clean energy market.
Saeta Yield, which currently operates 745 MW of wind and solar capacity, has become a key player in the Iberian Peninsula’s renewable energy sector. The company manages 17 wind farms and several solar assets across Spain and Portugal, making it an attractive acquisition target as Masdar seeks to strengthen its international portfolio. The deal also includes a pipeline of projects with a combined capacity of 1.6 GW, offering Masdar significant growth potential in the region.
This acquisition follows a string of deals that Masdar has pursued as part of its dual-track strategy: securing major renewable energy projects worldwide while engaging in large-scale mergers and acquisitions. Earlier this year, Masdar also announced partnerships in Europe and Asia to accelerate its renewable energy investments, underscoring its commitment to sustainable energy development on a global scale.
Masdar’s CEO, Mohamed Jameel Al Ramahi, noted that the acquisition of Saeta Yield aligns perfectly with the company’s long-term vision of becoming a global leader in clean energy. By leveraging Saeta’s strong presence in the Iberian market, Masdar aims to capitalize on the region’s rapidly growing demand for renewable energy, driven by Europe’s push to meet its decarbonization targets.
Saeta Yield, which was previously owned by U.S. investment firm Brookfield, has seen its value rise significantly since being acquired in 2018. Under Brookfield’s management, Saeta expanded its portfolio and became a key player in the Iberian renewables market. The acquisition by Masdar is expected to further enhance Saeta’s capabilities and enable it to play an even bigger role in the region’s energy transition.
Industry analysts view this acquisition as a strategic move for Masdar, positioning the company to become a dominant player in Europe’s renewable energy sector. With its extensive experience in wind and solar projects across Europe, Saeta offers Masdar a unique opportunity to diversify its portfolio and strengthen its presence in one of the world’s most competitive renewable energy markets.
Masdar’s growing influence in the global renewable energy landscape is not limited to its operations in Europe. In recent years, the company has expanded its footprint across Asia, the Middle East, and Africa. Masdar’s focus on large-scale projects, such as offshore wind farms and solar parks, has enabled it to secure significant contracts in emerging markets, further solidifying its status as a global clean energy powerhouse.
The deal between Masdar and Saeta is expected to close by the end of the year, subject to regulatory approvals. Upon completion, the acquisition will position Masdar as one of the largest renewable energy developers in the Iberian Peninsula, a region that has become increasingly attractive to international investors due to its favorable regulatory environment and growing demand for clean energy solutions.