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UAE's Masdar in talks on $200mln solar power deal with Endesa, sources say
The deal for the roughly 450 megawatt portfolio builds on the existing partnership between the companies and would further expand Masdar's operations
MADRID - Abu Dhabi renewable energy company Masdar and Spanish power utility Endesa are closing in on a deal that would see Masdar pay around $200 million for a 49.9% stake in a solar portfolio controlled by Endesa, according to two sources familiar with the deal and a document seen by Reuters.
The deal for the roughly 450 megawatt portfolio builds on the existing partnership between the companies and would further expand Masdar's operations in Spain, a country it sees as key for its European growth.
