Masdar to acquire Saeta from Brookfield for $1.4bn.

Masdar, a clean energy powerhouse, agreed to acquire Saeta, a renewable power assets operator, from Brookfield Renewable, an investment management company, for $1.4bn. "With an operating capacity of 745MW of predominantly wind assets, and a 1.6GW development pipeline in Spain and Portugal, Saeta is a perfect complement to Masdar’s portfolio in Europe, following our recent partnership with Endesa for 2.5GW of solar energy. This deal consolidates our footprint in the Iberian market by acquiring a well-established renewable platform, with a strong operational portfolio and management team, and tangible near-term and long-term growth opportunities, supporting Masdar’s expansion plans to reach 100GW by 2030," Mohamed Jameel Al Ramahi, Masdar CEO.