Abu Dhabi's Masdar Buys 234 MW Photovoltaic Solar Project in Spain

The project is expected to be operational by the first half of 2027. Photo: WAM

Abu Dhabi's state-owned renewable power company Masdar said on Thursday it has bought Valle Solar, one of the largest photovoltaic solar projects in Spain's Valencia region.
The project, expected to be operational by the first half of 2027, will feature a 234 megawatt solar plant with a potential 259 MW battery energy storage system, Masdar said in a statement.
The acquisition was conducted through Masdar's wholly owned subsidiary, Saeta, which it acquired from Canada's Brookfield in a $1.4 billion deal in September.