Masdar to acquire a 49% stake in Baltic Eagle wind farm from Iberdrola for €1.6bn.

Masdar, a UAE-government owned renewable energy company, agreed to acquire a 49% stake in Baltic Eagle wind farm from Iberdrola, a company that generates, distributes, trades, and markets electricity, for €1.6bn. “Delivering the clean energy that the world needs requires companies with vision and commitment that are willing to make major investments in new infrastructure. Masdar brings all of these qualities to Baltic Eagle. This a major project that will help to drive forward green energy security in Europe, reduce emissions for homes and businesses, and support thousands of highly skilled jobs. Building long-term partnerships with sustainable leaders like Masdar will help Iberdrola to continue leading the energy transition globally,” Ignacio Galan, Iberdrola Executive Chairman.