trending Market Intelligence /marketintelligence/en/news-insights/trending/EIqW-F44eRrdYUXvCUyUwQ2 content esgSubNav
In This List

Cepsa, Masdar to develop up to 600 MW of renewables projects in Spain, Portugal

Blog

Insight Weekly: Layoffs swell; energy efficiency PE deals defy downturn; 2023 global risk themes

Blog

Insight Weekly: Energy crisis cripples Europe; i-bank incomes rise; US holiday sales outlook

Blog

Japan M&A By the Numbers: Q3 2022

Blog

Insight Weekly: Reviving nuclear power; 2023 outlook for US financials; PE funds fuel EV sector


Cepsa, Masdar to develop up to 600 MW of renewables projects in Spain, Portugal

Cepsa and Masdar signed a partnership agreement to develop 500 MW to 600 MW of renewable energy projects in Spain and Portugal in the next five years.

"Masdar has a long-standing presence and growing portfolio of renewable energy projects in Europe," Masdar CEO Mohamed Jameel Al Ramahi said in a news release Jan. 15. "We're delighted to see our collaboration with Cepsa gather momentum and look forward to pooling our expertise and project development track record to explore further commercial opportunities in the Iberian Peninsula in both solar and wind."

Both companies are wholly owned by Abu Dhabi's Mubadala Investment Co. Cepsa is an energy company headquartered in Spain. It was acquired by Abu Dhabi-owned sovereign wealth fund IPIC in 2011. IPIC was merged into Mubadala in 2017.

Masdar separately announced a joint venture with a Finnish fund manager to develop renewable energy assets in central and eastern Europe.