Latest news with #renovables
Yahoo
10-07-2025
- Business
- Yahoo
Masdar Hosts European Business Partners and Executives in Madrid to Accelerate Advanced Energy Partnerships
Senior-level forum in Madrid that brought together more than 200 decision-makers from government, finance, and the broader Spanish energy ecosystem Dr Sultan Al Jaber visited Saeta's Madrid headquarters to mark the company's full integration into Masdar and align on an accelerated growth agenda Madrid, Spain--(Newsfile Corp. - July 10, 2025) - Abu Dhabi Future Energy Company PJSC – Masdar, a global clean energy leader – convened an exclusive, high-level business forum in Madrid to strengthen partnerships and position the company for its next phase of growth in the Iberian market. Led by Dr Sultan Al Jaber, Chairman of Masdar, the Tuesday gathering assembled senior representatives from Spanish and Portuguese government entities, regulatory bodies, utilities, institutional investors, offtakers, and technology providers. The discussion centered on accelerating the Iberian Peninsula's energy transformation and reinforcing Spain's role as a strategic hub within Masdar's European portfolio. A cornerstone of Masdar's European expansion strategy is its US $1.4 billion acquisition of Saeta, finalized last year. Operating across Spain and Portugal, Saeta now serves as a primary platform for scaling Masdar's renewable-energy footprint and advancing regional decarbonization objectives. During his visit to Saeta's Madrid headquarters, Dr Al Jaber met with executive leadership and employees, celebrating the successful integration and outlining an ambitious roadmap to amplify Saeta's market impact. Masdar's European investments continue to diversify through multiple channels. In addition to the Saeta transaction, Masdar concluded a €3.2 billion acquisition of TERNA ENERGY in Greece and entered a €1.7 billion strategic partnership with Endesa in Spain, acquiring a 49.99 percent stake in a 2.5GW portfolio of renewable assets – one of Spain's largest clean-energy transactions in recent years. Since its establishment in 2006, Masdar has developed and partnered in projects in over 40 countries, with a mandate to increase its renewable energy portfolio capacity to 100GW by 2030. Image 1 To view an enhanced version of this graphic, please visit: Image 2 To view an enhanced version of this graphic, please visit: Image 3 To view an enhanced version of this graphic, please visit: Image 4 To view an enhanced version of this graphic, please visit: Image 5 To view an enhanced version of this graphic, please visit: Image 6 To view an enhanced version of this graphic, please visit: -ENDS- Contacts:For media inquiries, please contact: press@ For more information please visit: and connect: and About Masdar Masdar (Abu Dhabi Future Energy Company) is one of the world's leading clean energy companies. Masdar is advancing the development and deployment of solar, wind, geothermal, battery storage and green hydrogen technologies to accelerate the transformation of energy systems and help the world meet its net-zero ambitions. Established in 2006, Masdar has developed and invested in projects in over 40 countries with a combined capacity of 51 gigawatts (GW), providing affordable clean energy access to those who need it most and helping to power a more sustainable future. Masdar is jointly owned by TAQA, ADNOC, and Mubadala, and is targeting a renewable energy portfolio capacity of 100GW by 2030 while aiming to be a leading producer of green hydrogen by the same year. To view the source version of this press release, please visit Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
CNA
26-06-2025
- Business
- CNA
Repsol sells stake in an Indonesian gas operation for $425 million
Spanish energy company Repsol said on Thursday it has agreed to sell a 24 per cent stake in Indonesia's Corridor Block gas operation to Jakarta-listed Medco Energi for $425 million. The deal is part of Repsol's strategy to dispose assets to raise cash to fund investments in renewable energy. According to its own calculations, the sale will have a positive impact of about $70 million on its full-year income and it will help reduce its net debt by about $350 million, Repsol said. The company expects the transaction to be closed in the third quarter of 2025.
Reuters
19-06-2025
- Business
- Reuters
Spain's watchdog reviews grid voltage control rules
MADRID, June 19 (Reuters) - Spanish competition and energy watchdog said on Thursday it has updated the rules establishing power grid voltage control obligations for power plants to expand the role played by renewables plants. The review has long been in the making and its approval is one of the measures the Spanish government recommended in its report on the causes of the massive blackout across Spain and Portugal on April 28. The government probe said that a surge in voltage was the immediate cause of the outage. The updated rules, most of which are 25 years old, introduce new requirements for renewable plants like solar and wind when it comes to voltage control mechanisms. That means that these plants will be able to offer voltage control services that until now only conventional power plants - thermal power plants using coal, gas and nuclear - and hydraulic generation could offer. Until now, when grid operator REE calculated the power mix for the following day, it could only call on conventional power plants to offer the bulk of voltage control capabilities. The new framework gives "homogeneous treatment to the service provided by both renewable energy facilities and the rest of the generation facilities," the authority said in a statement. The review was approved last week, it said, and comes as the blame game over the blackout has intensified after discrepancies in probes carried out by the Spanish government and the country's grid operator. While the former point to both the grid operator - for miscalculating the correct mix of energy that day - and power generators - for some conventional power plants failing to help maintain an appropriate voltage level in the power system, the latter put the fault squarely on power plants. The update was developed following a proposal by the grid operator in 2021.
Yahoo
26-05-2025
- Business
- Yahoo
Statkraft to sell Enerfín Colombia to Ecopetrol
Statkraft has signed an agreement to sell Enerfín Colombia, its renewables portfolio in Colombia, to Ecopetrol.
Bloomberg
19-05-2025
- Business
- Bloomberg
Spain Boosts Costlier Gas Power to Secure Grid After Blackout
Spain is boosting generation from costlier gas-fired power plants in the wake of a nationwide blackout that raised concerns about the grid's ability to cope with an abundance of renewable energy. The output of combined-cycle gas turbines, a more steady generation technology than solar, jumped 37% in the two weeks after the outage, compared with the two weeks prior, data from power grid operator Red Electrica show. Their average share of Spain's power mix increased to 18% from about 12%.
