Masdar, a major player in renewable energies, acquires Saeta Yield from Brookfield Renewable for USD 1.4 billion.
The acquisition includes a portfolio of 745 MW of wind and solar assets and a development pipeline of 1.6 GW.
Masdar is thus intensifying its presence in Spain and Portugal, where Saeta has a strong presence.
In Spain, 538 MW are spread across various wind farms, while Portugal is home to 144 MW of wind power.
This acquisition is crucial for Masdar, whose objective is to reach an installed capacity of 100 GW by 2030. The transaction excludes 350 MW of regulated solar thermal assets that Brookfield is retaining.
Brookfield is adopting an asset rotation strategy, freeing up resources for future investment in renewable energies.
Masdar, for its part, is strengthening its ambitions in the European market, particularly in Spain, which is one of the most dynamic markets for green energy in Europe.
A clear growth strategy for Masdar
Masdar pursues a strategy of acquiring established platforms to consolidate its international portfolio.
By integrating Saeta, Masdar not only expands its footprint in Europe, but also secures future development capacity with a project pipeline of 1.6 GW.
This purchase enables Masdar to capitalize on a fast-growing Iberian market, while strengthening its ability to meet European decarbonization targets.
The company is betting on the acceleration of renewable energy production, a field in which it is positioning itself as a leader with investments in several key regions, notably Europe and the Middle East.
At the same time, Saeta will benefit from Masdar’s strategic support to strengthen its operational capacity and access new growth opportunities.
This acquisition enables Masdar to integrate a company with stable assets and recognized management, consolidating its position in the Iberian market while pursuing long-term expansion plans.
A dynamic market for renewable energies in Spain
Spain is one of Europe’s most attractive markets for renewable energy investors.
By 2023, the country had reached an installed capacity of over 70 GW, including almost 30 GW of wind power.
Development potential remains high, with national targets to increase the share of renewable energies to 74% by 2030.
The partnership between Masdar and Saeta illustrates this dynamic, as part of a long-term growth strategy focused on increasing installed capacity and developing new projects.
The Spanish government strongly supports the expansion of renewable energies through incentive policies.
This favorable context enables Masdar to secure its investments and maximize long-term returns in a key market.
By acquiring Saeta, Masdar benefits not only from existing operational capabilities, but also from a pipeline of projects under development, offering promising growth prospects in the years ahead.
Brookfield continues its asset rotation strategy
Brookfield Renewable, which has owned Saeta since 2018, is continuing its asset rotation strategy.
Since acquiring Saeta, Brookfield has optimized its financial structure and strengthened its asset portfolio through development and repowering initiatives.
This sale enables Brookfield to reinvest in new projects while capitalizing on the value created over the past six years.
This type of transaction is common in the renewable energy sector, where asset managers reallocate resources to finance strategic projects with high growth potential.
For Masdar, this transaction strengthens its European portfolio, while consolidating its status as a key player in the Iberian market.
The company plans to continue its expansion on the continent, with a particular focus on optimizing existing assets and developing new energy infrastructures, notably through partnerships with local companies.
