UAE’s Masdar Spanish solar farm deal heralds more European investments

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MADRID: United Arab Emirates renewable energy company Masdar is looking for more opportunities in Europe's green energy sector and will consider both minority investments and controlling stakes, its chief financial officer said after last week's deal with Spain's Endesa. Masdar agreed on Thursday to pay 817 million euros ($887 million) for a 49.99 percent stake in 48 solar power plants controlled by Endesa – a unit of Italy's Enel – in Spain with a total capacity of 2 gigawatts.

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