Abu Dhabi Future Energy Company PJSC – Masdar, a global leader in clean energy, convened a high-level business forum in Madrid this week to solidify its position in the Iberian renewable energy market and deepen partnerships with regional stakeholders.
The exclusive gathering, led by Masdar Chairman Dr. Sultan Al Jaber, brought together top officials from Spanish and Portuguese government bodies, regulatory authorities, utility companies, institutional investors, offtakers, and technology providers. Discussions focused on accelerating the Iberian Peninsula’s clean energy transition and reinforcing Spain’s role as a strategic hub in Masdar’s growing European portfolio.
A key highlight of the company’s regional expansion strategy is its US$1.4 billion acquisition of Saeta, a renewable energy firm operating across Spain and Portugal. Finalized last year, the acquisition positions Saeta as Masdar’s primary platform for scaling its footprint in the Iberian Peninsula and advancing regional decarbonization goals.
During his visit to Saeta’s Madrid headquarters, Dr. Al Jaber met with company leadership and staff to mark the successful integration and outline future growth plans aimed at amplifying the subsidiary’s market presence.
Masdar’s European investments continue to expand through major transactions. These include a €3.2 billion acquisition of Greece’s TERNA ENERGY and a €1.7 billion strategic partnership with Spanish utility Endesa, under which Masdar acquired a 49.99% stake in a 2.5 GW portfolio of renewable assets—marking one of the largest clean-energy deals in Spain in recent years.
Established in 2006, Masdar has participated in clean energy projects across more than 40 countries. The company aims to grow its global renewable energy portfolio to 100 GW by 2030.
