Masdar to sell 60% stake in Portuguese wind farms to Exus

Masdar, the UAE’s sustainable energy company, will sell a 60% stake in its portfolio of nine wind farms in Portugal to Exus Renewables, while retaining a 40% holding.

The projects have entered the final stage of repowering and are due for completion by 2027, the companies said in a statement on Thursday.

Once fully operational, the upgraded sites are expected to supply clean electricity to more than 200,000 households and cut carbon emissions by about 41.7 kilotonnes a year.

Masdar is seeking to expand across the Iberian peninsula and wider Europe, targeting a global portfolio capacity of 100 gigawatts by 2030.