Masdar, the Abu Dhabi Future Energy Company, has announced the completion of its investment agreement for the Valle Solar project, one of the largest solar photovoltaic (PV) installations in Spain. This project, located in the Valencia region, will have a capacity of 234 megawatts (MW) and includes the potential for Battery Energy Storage Systems (BESS) hybridization, bringing the total potential capacity to 259 MW. This acquisition highlights Spain’s prominent position in the European renewable energy landscape.

The Valle Solar project, initially promoted by a partnership between Genia Solar Energy and Solar Ventures, is a significant step in Masdar’s strategy to expand its renewable energy initiatives in Spain. The solar plant is expected to become operational in the first half of 2027 and will be situated across the municipalities of Ayora, Jarafuel, and Zarra. This investment aligns with Masdar’s ambitious goal of achieving a global clean energy capacity of 100 GW by 2030.

Masdar’s commitment to sustainability is evident in Valle Solar’s design, which incorporates measures to protect local biodiversity and support surrounding communities. This project serves as a model for sustainable development, blending clean energy production with environmental preservation and community engagement. Masdar aims to set a benchmark for future renewable energy projects in the region through this initiative.

In addition to its investment benefits, the agreement between Saeta Yield, Genia Solar, and Solar Ventures represents a collaborative model for future renewable energy projects. The transaction involved advisory support from Watson Farley & Williams, G-advisory, EY, and Finergreen for Solar Ventures and Genia Solar Energy, while Saeta Yield received guidance from Broseta, Solida, and Pérez-Llorca.

Masdar continues to solidify its reputation as one of the fastest-growing renewable energy companies globally, with a total capacity of 51 gigawatts (GW) developed across over 40 countries since its establishment in 2006. The company is jointly owned by TAQA, ADNOC, and Mubadala, and is focused on reaching a renewable energy portfolio capacity of 100 GW by 2030, alongside ambitions to become a leading producer of green hydrogen.