Repsol and Abu Dhabi Future Energy Company \u2013 Masdar, a global renewable energy leader, have signed an agreement for Masdar to acquire a 49.99% stake in a renewable energy portfolio in Spain. <\/p>\n
The transaction values the portfolio at \u20ac849 million. <\/p>\n
The portfolio comprises 705 MW of operational capacity, including 13 wind farms (402 MW) and six photovoltaic (PV) solar parks (303 MW), all of which entered operation in 2025 and 1Q26. Additionally, the portfolio includes more than 565 MW of potential hybridisation pipeline growth, comprising of wind, solar, and battery storage. The agreement was signed in Abu Dhabi by CEO of Masdar, Mohamed Jameel Al Ramahi, and Jo\u00e3o Costeira, Executive Managing Director of Low-Carbon Generation at Repsol. <\/p>\n
Mohamed Jameel Al Ramahi, CEO of Masdar, commented: \u201cSpain is one of Europe\u2019s fastest-growing major economies, and renewable energy is playing a critical role in powering that growth. This transaction strengthens Masdar\u2019s portfolio, while deepening our support for Spain\u2019s economic ambitions. We look forward to investing in the growth of these assets, and to building on our strong partnership with Repsol.\u201d <\/p>\n
Jo\u00e3o Costeira, Executive Managing Director of Low-Carbon Generation at Repsol, added: \u201cThis agreement marks another step forward in our strategy to maximise profitability, enabling us to bring in a leading global partner in the renewable energy sector, while further strengthening the value of our high-quality asset portfolio.\u201d <\/p>\n
The transaction is expected to close towards the end of 2026, subject to customary regulatory approvals. <\/p>\n
This agreement forms part of Repsol\u2019s renewable strategy, aimed at optimising the financial structure of the business, accelerating growth with strategic partners, and rotating part of its portfolio. This is the eighth renewable asset rotation carried out by Repsol, totalling 3850 MW, both in Spain and the US. Repsol currently has 6 GW of renewable capacity in operation. <\/p>\n
The acquisition continues Masdar\u2019s strategy of partnering with other industry leaders to scale renewable energy deployment worldwide, as it targets 100 GW of global capacity by 2030. Once the transaction is completed, Masdar will have an operational capacity of 4.1 GW across the Iberian Peninsula, with around 1 GW under development. <\/p>\n
In the context of this, Repsol secured \u20ac550 million in syndicated financing for the portfolio in December 2025 from Banco Sabadell, Abanca Corporaci\u00f3n Bancaria, CaixaBank, BNP Paribas, UniCredit Bank, and Spain\u2019s Official Credit Institute (Instituto de Cr\u00e9dito Oficial). <\/p>\n
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