Repsol to Sell 49% Stake in 706 MW Minerva Renewables Portfolio in Spain to Masdar for ~€850 Million
Repsol has agreed to sell a 49% stake in its Minerva renewables portfolio in Spain to UAE's Masdar, according to Reuters citing Cinco Dias. The portfolio comprises 13 wind farms and six solar plants with a total installed capacity of 706 MW, valued at approximately €850 million. The deal is reported to be in its final stages and expected to be formalised within weeks.
Transaction date: · Source: reuters.com
Key facts
- Transaction date
- Technology
- Onshore Wind, Solar PV
- Capacity
- 706 MW
- Transaction price
- 417 million (currency as reported in the source)
- Buyer
- Masdar
- Seller
- Repsol
- Country
- Spain
- Region
- Spain (multiple locations)
- Continent
- Europe
- Development status
- Operational
- PPA
- n.a.
Technology details
Portfolio of 13 wind farms and six solar farms with a total installed capacity of 706 MW, branded as the Minerva project. Repsol's largest renewable energy portfolio in Spain.
Additional information
Repsol sells a 49% stake; Repsol retains 51%. Total portfolio valuation of approximately €850 million ($996 million USD); price for 49% stake is approximately €417 million.
Source
Original announcement: https://www.reuters.com/business/energy/repsol-sell-49-stake-spain-renewables-portfolio-uaes-masdar-cinco-dias-reports-2026-05-04/