Brookfield Sells Saeta Renewable Power Business to Masdar for $1.4 Billion

The deal includes 745 MW of wind assets and a 1.6 GW development pipeline in Spain and Portugal.

Brookfield Renewable and its institutional partners have agreed to sell Saeta Yield to UAE's Masdar for US$1.4 billion.
Saeta's portfolio includes 745 megawatts of predominantly wind assets and a development pipeline of approximately 1.6 gigawatts.
Brookfield will retain a regulated portfolio of 350 megawatts of solar power assets.
Masdar, established in 2006, has developed projects in over 40 countries with a combined capacity of over 20 gigawatts.
This acquisition aligns with Masdar's goal to invest in 100 gigawatts of renewable power projects by 2030.