Abu Dhabi Future Energy Company (Masdar) has announced the signing of an agreement with Exus Renewables, a global provider of energy solutions, under which the latter will acquire a 60% stake in Masdar's portfolio of nine wind energy projects in Portugal. Masdar will retain a 40% stake in this portfolio. Work is currently underway to increase the capacity of wind farms in Guarda and Castelo Branco from 144 MW to 164 MW, as part of one of the first initiatives for large-scale capacity enhancement in Portugal. The works have reached their final stage and are expected to be completed by 2027. When operational at full capacity, the farms will provide clean and sustainable electricity to more than 200,000 homes, while helping to avoid approximately 41,700 tons of carbon dioxide emissions annually. Masdar's CEO, Mohamed Jameel Al Ramahi, stated that increasing the capacity of existing plants and developing hybrid energy projects contributes to enhancing their operational efficiency and long-term value, reflecting the company's innovative approach to asset management. He noted that Masdar's growth strategy is based on two key pillars: managing its investment portfolio based on sound and disciplined principles, and building fruitful strategic partnerships. In turn, Exus Renewables' CEO, Luis Adamo, stated that the process of enhancing the capacity of existing plants will help to provide more renewable energy supplies. He added that the company is working with Masdar to consolidate this direction in Portugal within the framework of Exus's strategy for growth driven by efficiency improvements. He pointed out that this deal will enhance Exus's operational capabilities across Europe and strengthen its innovative approach to improving performance and the value of renewable energy assets. The capacity enhancement initiative includes plans to develop hybrid projects and add 110 MW of solar energy, which will be jointly developed by Masdar and Exus, contributing to increasing the portfolio's capacity and supporting the achievement of national clean energy goals. This initiative aligns with efforts to develop Portugal's energy sector, which aims to reach 10.4 GW of capacity through the development of onshore wind projects by 2030 and achieve carbon neutrality by 2045. By increasing the capacity of the plants and integrating hybrid solar projects, these projects will contribute to enhancing capacity and efficiency. As Exus's activities grow across Europe, the company is solidifying its position as an integrated energy platform operating across all stages of the value chain—from early-stage development and project optimization to asset and hybrid project management—with the aim of providing comprehensive and integrated energy solutions. Masdar is targeting expansion across the Iberian Peninsula and Europe, aiming to increase its project portfolio's capacity to 100 GW by 2030. Today, Masdar is one of the world's largest developers and operators of renewable energy, with growth platforms on the world's most commercially attractive and fastest-growing energy markets.
