Masdar, through its subsidiary Saeta, has concluded an investment agreement for the Valle Solar project, which is situated in Spain’s Valencia region. The agreement is a further step in securing the construction of the plant, which is located in the municipalities of Ayora, Jarafuel, and Zarra. This is 234 MW solar project, and has the potential to add hybridisation of battery energy storage systems of 259 MW. Furthermore, the project is expected to be operational in the first half of 2027. This agreement was inked between Saeta Yield, Genia Solar, and Solar Ventures.
Earlier in March 2025, Masdar inked an agreement to acquire 49.99 percent stake in four solar plants owned by Endesa in Spain. These solar assets have a total capacity of 446 MW. Masdar has invested €184 million for the stake in the assets, which have an enterprise value of €368 million.
In December 2024, Masdar announced that it had acquired Saeta Yield from Brookfield Renewable Partners for an enterprise value of €1.2 billion and an equity value of €696 million. Saeta’s portfolio at that time included 745 MW of wind assets out of which 538 MW are in Spain, 144 MW are in Portugal, and the rest 63 MW are solar PV assets located in Spain. Additionally, it includes a 1.6 GW development pipeline.
REGlobal’s Views: Masdar is targeting a global clean energy portfolio capacity of 100 GW by 2030. Spain is an important part of this plan and Masdar is ramping up its growth plans in the Iberian Peninsula through a mix of new projects and acquisitions.
