Overview
- The deal announced Thursday transfers a 49.99% stake in a 705 MW Spanish portfolio from Repsol to Abu Dhabi-owned Masdar for €150 million, which implies a total portfolio valuation of €849 million.
- The portfolio comprises 13 wind parks (402 MW) and six solar parks (303 MW) that began operation in 2025 and early 2026 and includes more than 0.5 GW of hybrid (wind, solar and battery) growth potential.
- Repsol says the transaction is subject to customary regulatory approvals and is expected to close by the end of 2026.
- The sale follows a €550 million syndicated financing arranged for the same assets in December 2025 and is forecast by Repsol to reduce group net debt by roughly €700 million with no material impact on reported results.
- This is Repsol’s eighth renewables asset rotation, part of a broader industry trend of energy majors partnering with large investors to de-risk projects while keeping operational control and recycling capital for new projects.