United Arab Emirates' renewable energy company Masdar said on Tuesday it has reached an agreement to buy green energy firm Saeta Yield from Canada's...
MADRID - United Arab Emirates ' renewable energy company Masdar said on Tuesday it has reached an agreement to buy green energy firm Saeta Yield from Canada's Brookfield 's in a deal valuing the company at $1.4 billion.
Higher interest rates brought about a "normalisation" of asset prices, Masdar's CFO told Reuters after the deal with Endesa, adding that the company was seeking more opportunities in the region. Controlled by UAE's power and water firm TAQA, its national oil company ADNOC and sovereign wealth fund Mubadala Investment Company, Masdar aims to grow its capacity to 100 GW of renewable energy by 2030.
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