Masdar Reveals Proposed Acquisition Of Saeta Yield From Brookfield Renewable For An Implied Enterprise Value Of c. $1.4B
Portfolio Pulse from Benzinga Newsdesk
Masdar plans to acquire Saeta Yield from Brookfield Renewable for approximately $1.4 billion. The acquisition includes 745 MW of wind and solar assets in Spain and Portugal, but excludes 350 MW of concentrated solar power assets retained by Brookfield.

September 24, 2024 | 10:57 am
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Brookfield Renewable is selling Saeta Yield to Masdar for $1.4 billion, retaining 350 MW of concentrated solar power assets. This divestment could impact BEP's asset portfolio and financials.
The sale of Saeta Yield by Brookfield Renewable involves a significant transaction of $1.4 billion, impacting its asset portfolio. However, BEP retains 350 MW of solar assets, which may mitigate the impact on its financials. The transaction is significant but not critical to BEP's overall operations.
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