Exus Renewables Acquires 60% Stake in Masdar's 164MW Portuguese Wind Portfolio
Exus Renewables has signed an agreement to acquire a 60% stake in nine wind farms in Portugal from Masdar, totalling 164MW after repowering. Located in Guarda and Castelo Branco, the portfolio is undergoing one of Portugal's first large-scale repowering initiatives, with completion expected by 2027. Plans also include the addition of 110MW of solar PV through hybridization, co-developed by both partners.
Transaction date: · Source: exusrenewables.com
Key facts
- Transaction date
- Technology
- Onshore Wind, Solar PV
- Capacity
- 164 MW
- Transaction price
- Not disclosed
- Buyer
- Exus Renewables
- Seller
- Masdar
- Country
- Portugal
- Region
- Guarda and Castelo Branco
- Location
- Northern and Central Portugal
- Continent
- Europe
- Development status
- Operational
- PPA
- n.a.
Technology details
Portfolio of nine wind farms currently being repowered, increasing capacity from 144MW to 164MW. Repowering in final development phase, completion expected by 2027. Hybridization plans include addition of 110MW solar PV, to be co-developed by Masdar and Exus.
Additional information
Exus acquires 60% stake; Masdar retains 40%. One of Portugal's first large-scale wind repowering initiatives. Once fully repowered, portfolio will supply electricity to over 200,000 households and avoid approximately 41.7 kilotons of CO₂ per year. Initiative aligned with Portugal's energy transition roadmap targeting 10.4 GW of onshore wind by 2030 and net zero by 2045. Masdar targets 100GW global portfolio capacity by 2030.
Source
Original announcement: https://www.exusrenewables.com/news/exus-renewables-to-acquire-stake-in-masdars-portuguese-wind-portfolio