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Masdar, owned by the Abu Dhabi National Oil Company (ADNOC), the sovereign wealth fund Mubadala Investment Company, and energy company TAQA, is actively expanding its presence in the renewable energy sector across Europe. The group recently acquired the Spanish firm Saeta Yield from Brookfield Renewable for $1.4 billion. This transaction includes 745 MW of operational wind and solar assets spread across Spain and Portugal, as well as a 1.6 GW development pipeline scheduled for commissioning by 2030.
Masdar, owned by the Abu Dhabi National Oil Company (ADNOC), the sovereign wealth fund Mubadala Investment Company, and energy company TAQA, is actively expanding its presence in the renewable energy sector across Europe. The group recently acquired the Spanish firm Saeta Yield from Brookfield Renewable for $1.4 billion. This transaction includes 745 MW of operational wind and solar assets spread across Spain and Portugal, as well as a 1.6 GW development pipeline scheduled for commissioning by 2030.
Energy companies are calling on governments to meet their COP28 commitments to triple the world's renewable energy capacity by 2030.
Energy companies are calling on governments to meet their COP28 commitments to triple the world's renewable energy capacity by 2030.
Iberdrola inaugurates its 496 MW offshore wind farm at Saint-Brieuc, boosting Brittany's energy capacity and contributing to the expansion of offshore wind power in France.
Iberdrola inaugurates its 496 MW offshore wind farm at Saint-Brieuc, boosting Brittany's energy capacity and contributing to the expansion of offshore wind power in France.
Teresa Ribera, Spain's Minister of Ecology, could influence the European Commission's future energy policy. Her anti-nuclear, pro-renewable energy approach is provoking debate within the Union.
Teresa Ribera, Spain's Minister of Ecology, could influence the European Commission's future energy policy. Her anti-nuclear, pro-renewable energy approach is provoking debate within the Union.
Iberdrola, via Avangrid, wins a 791 MW contract for an offshore wind farm in the United States, boosting Massachusetts' energy supply.
Iberdrola, via Avangrid, wins a 791 MW contract for an offshore wind farm in the United States, boosting Massachusetts' energy supply.
The UK has awarded almost 5 GW of new offshore wind projects, marking a comeback for the sector after a year without contracts. However, the gap to be bridged to reach 55 GW by 2030 remains significant.
The UK has awarded almost 5 GW of new offshore wind projects, marking a comeback for the sector after a year without contracts. However, the gap to be bridged to reach 55 GW by 2030 remains significant.
Portugal reached a historic milestone in 2024, reducing the share of fossil fuels to 10% of its electricity production. This result places the country among the European leaders in energy transition.
Portugal reached a historic milestone in 2024, reducing the share of fossil fuels to 10% of its electricity production. This result places the country among the European leaders in energy transition.
Spanish group Iberdrola saw its net profit jump 85% in the first quarter of 2024, reaching 2.76 billion euros thanks to strategic disposals, despite a decline in sales amid falling electricity prices.
Spanish group Iberdrola saw its net profit jump 85% in the first quarter of 2024, reaching 2.76 billion euros thanks to strategic disposals, despite a decline in sales amid falling electricity prices.
Avangrid and Statkraft sign a VPPA in the USA, using RECs from the Streator Cayuga Ridge South wind farm in Illinois.
Avangrid and Statkraft sign a VPPA in the USA, using RECs from the Streator Cayuga Ridge South wind farm in Illinois.
Iberdrola and Amazon sign a renewable energy purchase agreement for 159 MW of the East Anglia THREE offshore wind farm in the UK.
Iberdrola and Amazon sign a renewable energy purchase agreement for 159 MW of the East Anglia THREE offshore wind farm in the UK.

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