US EditionRepsol to Sell 49% Stake in Spain Renewables Portfolio to UAE's Masdar, Cinco Dias Reports
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Repsol to sell 49% stake in Spain renewables portfolio to UAE's Masdar, Cinco Dias reports
Spanish energy group Repsol has agreed to sell a 49% stake in its largest portfolio of renewable assets in Spain to the United Arab Emirates' Masdar, newspaper Cinco Dias reported on Monday, citing unidentified sources familiar with the talks.
Repsol Set to Sell 49% in Spanish Renewables Portfolio to UAE's Masdar
Spanish energy giant Repsol is in the final stage of selling a 49% stake in its largest renewables portfolio in Spain to Masdar, the clean energy giant of the United Arab Emirates (UAE), Spanish daily Cinco Dias reported on Monday, citing sources close to the deal. Repsol is finalizing a deal to sell to Masdar 49% in the Minerva project, which is valued at $994 million (850 million euros) and comprises 706 megawatts (MW) of installed capacity ac…
Masdar will be the investor of the Minerva project, which is valued at US$994 million, composed of 706 megawatts in 13 wind farms and six photovolatiocs
Repsol has agreed to sell 49% of the Minerva Project, 706 MW of wind and solar energy in Spain, to Masdar, Abu Dhabi’s sovereign company. The operation is in its final phase and will be closed in weeks. Repsol has declined to comment. Information advanced by Five Days.
Norbolsa Market Consensus According to the press, Repsol is on the verge of agreeing to sell 49% of its largest portfolio of renewables in Spain to EAU (Masdar). We refer to the Minerva Project, with 706 MW of power in 13 wind farms and 6 photovoltaics. This project is estimated to be valued at 850 M€ (around 1.2 M by MW). There is still no official confirmation by Repsol. Masdar, based in Abu Dhabi, has previously signed other agreements [...]
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