Brookfield sells Saeta renewable power business to Masdar for US$1.4B

📆 24/09/2024 10:08:00
📰 BNNBloomberg

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Brookfield Renewable and its institutional partners have signed an agreement to sell its Saeta Yield renewable energy business in Europe to the UAE’s Masdar in a deal valued at US$1.4 billion.

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Saeta is an independent developer, owner and operator of renewable power assets in Spain and Portugal. The deal excludes a regulated portfolio of 350 megawatts of solar power assets, which Brookfield will keep and continue to operate.

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