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Masdar to Acquire Saeta from Brookfield for $1.4 Billion

Provided By GlobeNewswire

Last update: Sep 24, 2024

ABU DHABI, United Arab Emirates and MADRID, Sept. 24, 2024 (GLOBE NEWSWIRE) -- Abu Dhabi Future Energy Company PJSC - Masdar (“Masdar”), the UAE’s clean energy powerhouse, today announced the proposed acquisition of Saeta Yield (“Saeta”) from Brookfield Renewable (NYSE: BEP, BEPC; TSX: BEP.UN, BEPC), together with its institutional partners (“Brookfield”), for an implied enterprise value of c. $1.4 billion (€1.2 billion). Closing of the transaction is subject to customary approvals and is expected to occur around the end of 2024.

Read more at globenewswire.com

BROOKFIELD RENEWABLE CORP

NYSE:BEPC (7/21/2025, 4:05:02 PM)

After market: 36.24 +0.18 (+0.5%)

36.06

-0.29 (-0.8%)


BROOKFIELD RENEWABLE PARTNER

NYSE:BEP (7/21/2025, 4:04:05 PM)

27.33

+0.13 (+0.48%)



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