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Masdar has signed an agreement to acquire a solar photovoltaic project in Greece with a capacity of more than 550 MW. The project is being acquired from Lightsource bp and is expected to become operational by the end of 2026. Furthermore, Masdar plans to integrate battery storage into the solar project to support grid stability. The transaction also includes two privately owned substations connecting the project to the electricity transmission system.
In July 2026, Masdar achieved financial close for a 5.2 GW solar photovoltaic with a 19 GWh battery energy storage system round-the-clock project in Abu Dhabi. The project represents a total investment of $6.1 billion. Masdar will be contributing $1 billion in equity for the project. The project is being developed in partnership with Emirates Water and Electricity Company.
In June 2026, Masdar agreed to acquire a 49.99 percent stake in Repsol’s 705 MW renewable energy portfolio in Spain in a deal valuing the assets at €849 million. The portfolio comprises 13 wind farms with a combined capacity of 402 MW and 6 solar parks totaling 303 MW, all of which became operational in 2025 and the first quarter of 2026. It also includes a pipeline of more than 565 MW of potential hybrid projects involving wind, solar and battery storag
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