Repsol will sell its renewable energy portfolio in Spain to Masdar

Repsol is negotiating with Masdar the partial sale of 706 MW of wind and solar assets located in Spain.

Spanish energy company Repsol is in the final stages of selling a 49% stake in its largest renewable energy portfolio in Spain to Masdar, the UAE-based clean energy company. The deal is valued at approximately €850 million and is part of both companies’ renewable energy growth strategies.

The agreement includes the so-called Minerva project, a portfolio comprised of 13 wind farms and six photovoltaic plants with a total installed capacity of 706 megawatts (MW). According to sources close to the negotiations, the transaction could be finalized in the coming weeks.

Repsol accelerates its renewable energy strategy

With this transaction, Repsol seeks to strengthen its financial capacity to promote new clean energy generation projects within its 2026-2028 strategic plan. The company aims to expand its presence in high-profitability renewable technologies, especially in wind and solar energy and energy storage systems.

Likewise, the Spanish company plans to reach up to 9,000 MW of renewable operating capacity by 2028, concentrating its investments in priority markets such as Spain and the United States.

The entry of minority partners into renewable assets has become one of Repsol’s main tools to maximize the value of its energy portfolio and maintain returns above 10%.

Masdar strengthens its presence in the Iberian Peninsula

For Masdar, the acquisition represents a further step in its international expansion within the clean energy sector. The Emirati firm aims to reach a combined global capacity of 100 gigawatts (GW) by 2030.

The company, controlled by ADNOC, Mubadala, and TAQA, has steadily increased its investments in Spain and Portugal in recent years. Its strategy focuses on securing a diversified portfolio of solar and wind assets in Europe.

In 2024, Masdar acquired Saeta Yield from Brookfield for $1.4 billion, adding 745 MW of assets, mainly wind power, and a 1.6 GW development pipeline in the Iberian Peninsula.

In addition, the Emirati company also acquired stakes in a portfolio of photovoltaic solar plants operated by Enel Green Power España, a subsidiary of Endesa.

Spain continues to attract international investment in renewables

Interest from major international energy companies in the Spanish market continues to grow thanks to the country’s solar and wind power generation potential. The combination of natural resources, energy infrastructure, and decarbonization goals has made Spain one of the most attractive markets in Europe for renewable energy investment.

With operations like Repsol and Masdar, the European energy sector maintains its focus on strategic partnerships capable of accelerating the development of new renewable capacity and improving the profitability of green assets.

Source: Oilprice

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