Baku, Azerbaijan, March 27. Masdar, through its
subsidiary Saeta, has signed an investment agreement for the
construction of the 234 MW Valle Solar photovoltaic plant in
Spain’s Valencia region, Trend reports.
The project also includes the potential hybridization of a 259
MW Battery Energy Storage System (BESS).
Located in the municipalities of Ayora, Jarafuel, and Zarra,
Valle Solar is expected to be operational in the first half of
2027. The project integrates biodiversity initiatives and community
support measures.
Masdar’s investment aligns with its broader expansion strategy
in Spain and Europe, contributing to its goal of achieving 100 GW
of global clean energy capacity by 2030. The agreement, involving
Saeta Yield, Genia Solar, and Solar Ventures, underscores Spain’s
role in the European renewable energy sector.
Advisors for the transaction included Watson Farley & Williams,
G-advisory, EY, and Finergreen for Solar Ventures and Genia Solar
Energy, while Saeta Yield was advised by Broseta, Solida, and
Pérez-Llorca.