FOR EXTERNAL USE

Masdar Completes the Acquisition of Valle Solar, One of the Largest Solar Projects in Spain's Valencia Region

·      Masdar, through its Iberian platform Saeta, has closed an investment agreement for the construction and commissioning of one of the largest solar PV installations in Valencia of 234MW, with a potential BESS hybridization of 259MW

·      The deal underscores the strategic value of the Valle Solar project, highlighting Spain's leading role within the European renewable energy sector

·      Latest investment builds on Masdar's ambitious growth plans in Spain as the company targets 100GW of global clean energy capacity by 2030

Madrid, Spain; Abu Dhabi, UAE, March 27, 2025 - Abu Dhabi Future Energy Company PJSC - Masdar ("Masdar"), the UAE's clean energy leader, announced today the investment through its subsidiary Saeta of one of the largest solar PV projects in Spain's Valencia region, Valle Solar. This landmark project, initially promoted by the joint venture of Genia Solar Energy and Solar Ventures, is the next step in Masdar's commitment to expansion in Spain, driving growth across the renewable energy sector.​

This agreement is a further step towards securing the construction of the plant, which is located in the municipalities of Ayora, Jarafuel and Zarra. It is expected to be operational in the first half of 2027 and will consist of a 234 megawatt (MW) photovoltaic plant, with the potential to add the hybridization of Battery Energy Storage Systems (BESS) of 259MW.

Valle Solar integrates initiatives supporting biodiversity and local communities, showcasing a best-in-class example of integration between local wildlife protection and renewable energy production, reflecting Masdar's commitment to sustainability and social responsibility.

Masdar is one of the world's fastest-growing renewable energy companies. The acquisition of Valle Solar by Saeta underscores Masdar's commitment to Spain's energy transformation, while progressing its growth plans in the Iberian Peninsula and Europe as the company targets a global clean energy portfolio capacity of 100GW by 2030.

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