Masdar to acquire a 49.99% stake in Endesa from €817m.

Masdar, an Emirati state-owned renewable energy company, agreed to acquire a 49.99% stake in Endesa, an electric utility company, from €817m. "Building on Masdar's global expertise and pioneering approach to renewable energy innovation and development, this partnership underscores our commitment to unlocking clean energy capacity in Spain, Europe, and around the world, supporting the global mandate enshrined in the COP28's UAE Consensus to triple renewable energy capacity by 2030 enabling a just, orderly and equitable energy transition. Masdar is accelerating its ambitious growth plans as we target 100GW of renewable energy capacity by the end of the decade," Sultan Al Jaber, Masdar Chairman.