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UAE renewables group Masdar is set to take a major 49% stake in Iberdrola’s Baltic Eagle offshore wind project in German waters. The 476MW project, valued at about $1.5bn, is expected to be a critical project for the Abu Dhabi-based Masdar, as they set their sights on becoming one of the world’s most ambitious renewables players with a target to amass a 100GW gross portfolio by 2030. If confirmed, Masdar would become the latest partner for Iberdrola as the Spanish group pursues its massive global green power expansion plans.

UAE’s Masdar tipped for big stake in $1.5bn offshore wind farm that will help power Amazon

UAE renewables group Masdar is set to take a major 49% stake in Iberdrola’s Baltic Eagle offshore wind project in German waters. The 476MW project, valued at about $1.5bn, is expected to be a critical project for the Abu Dhabi-based Masdar, as they set their sights on becoming one of the world’s most ambitious renewables players with a target to amass a 100GW gross portfolio by 2030. If confirmed, Masdar would become the latest partner for Iberdrola as the Spanish group pursues its massive global green power expansion plans.

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