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

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France Signs Deals to Help Egypt’s Economy in Volatile Regional Climate

Egypt's President Abdel Fattah al-Sisi (R) and French President Emmanuel Macron (L) attend the Egypt-France Business Forum, in Cairo, on April 7, 2025. (AFP)
Egypt's President Abdel Fattah al-Sisi (R) and French President Emmanuel Macron (L) attend the Egypt-France Business Forum, in Cairo, on April 7, 2025. (AFP)
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France Signs Deals to Help Egypt’s Economy in Volatile Regional Climate

Egypt's President Abdel Fattah al-Sisi (R) and French President Emmanuel Macron (L) attend the Egypt-France Business Forum, in Cairo, on April 7, 2025. (AFP)
Egypt's President Abdel Fattah al-Sisi (R) and French President Emmanuel Macron (L) attend the Egypt-France Business Forum, in Cairo, on April 7, 2025. (AFP)

France and Egypt signed strategic partnership agreements on Monday, in areas covering health, transport and energy, which French President Emmanuel Macron said would help shore up Egypt's stability amid volatility in the region.

"Egypt is a strategic partner for our country," said Macron, speaking alongside Egypt's President Abdel Fattah al-Sisi at a news conference in Cairo.

"I would thus like to reaffirm France's commitment to ensuring the stability of Egypt given the context of a worsening climate in the region and as the Egyptian economy faces challenges," added Macron.

Macron said he continued to back talks between Egypt and the International Monetary Fund and the European Commission.

The IMF approved last month the disbursement of $1.2 billion to Egypt, which has been grappling with high inflation and shortages of foreign currency.

Macron added France's overseas aid development body would sign 260 million euros ($284.5 million) worth of loans and grants for Egypt in areas such as transport, health, water and energy.

Macron and Sisi also both reaffirmed their calls for a ceasefire to the fighting in Gaza and for the release of Israeli hostages.