Masdar has acquired a 60% stake in nine wind farms in Portugal from Exus Renewables, with Exus retaining a 40% stake. The upgrade project will increase the wind power capacity from 144 MW to 164 MW and add 110 MW of solar power generation. The goal is to power over 200,000 households by 2027 and reduce 41,700 tons of carbon dioxide emissions annually. This deal aligns with Portugal's 2030 renewable energy targets and Masdar's ambitious global 100 GW installed capacity goal.
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Masdar has acquired a 60% stake in nine wind farms in Portugal from Exus Renewables, with Exus retaining a 40% stake. The upgrade project will increase the wind power capacity from 144 MW to 164 MW and add 110 MW of solar power generation. The goal is to power over 200,000 households by 2027 and reduce 41,700 tons of carbon dioxide emissions annually. This deal aligns with Portugal's 2030 renewable energy targets and Masdar's ambitious global 100 GW installed capacity goal.