A key financing is driving significant changes in the green energy landscape of the Iberian Peninsula. On December 18, 2025, Saeta Yield, a subsidiary of Masdar in the United Arab Emirates, announced the successful completion of a total financing arrangement of 540 million euros, including a refinancing of 340 million euros for clean energy assets in Portugal and a revolving credit line of 200 million euros for the Spanish market. This series of financial operations not only injects strong momentum into the company's expansion strategy in Europe, but also directly promotes the increase of Portugal's wind power project from 124 MW to 144 MW, and is expected to add 110 MW of solar capacity, creating the company's first "re electrification+wind solar hybrid" demonstration project.

Oversubscribed 340 million euros in refinancing

The core part of this financing, the 340 million euro priority loan, has received a warm response from the market. The significant oversubscription of this debt refinancing, which is due until the end of 2041, fully reflects the high recognition of financial institutions for Saeta Yield's growth strategy and execution capabilities. The lineup of institutions participating in this financing is luxurious, including ING Bank of the Netherlands as a financial advisor, as well as Bank of America BBVA、 Several internationally renowned financial institutions, including the French Agricultural Credit Bank CIB, DWS, and Millennium Investment Bank.

Behind this financing achievement is Saeta Yield's clear asset upgrade plan. The company will increase the wind power capacity of the Portugal project from 124 MW to 144 MW, and plan to add 110 MW of solar energy installation to form a clean energy system that complements wind and solar power. This upgrade path will become a template for future asset modernization, which is expected to further unleash the potential of renewable energy generation and improve asset availability, laying a solid foundation for the company's sustainable development.

Provide financial flexibility for expansion strategy

In addition to long-term debt refinancing, Saeta Yield has also successfully secured a revolving credit line of 200 million euros, providing significant financial support for the company's expected growth. This 3-year (extendable up to 5 years) financing is provided by Santander CIB, BBVA, Credit Agricole CIB, Dubai Commercial Bank ING、 The consortium of Italian banks, including Sao Paulo Bank, SMBC, and Societe Generale, demonstrates the collective optimism of the international banking industry towards the prospects of the renewable energy market in the Iberian Peninsula.

This credit line will provide crucial financial flexibility for Saeta Yield to execute its expansion strategy. The completion of the refinancing of these wind and solar assets and the acquisition of new revolving credit lines provide us with a powerful tool to execute our growth plan at the established pace. We are doubling down on our investment in're electrification+hybridization 'projects to deliver reliable, affordable clean electricity and improve operational performance, "said Á lvaro P é rez de Lema de la Mata, Managing Director of the company

Global target of 100 gigawatts by 2030

This financing is an important component of Masdar's global expansion strategy. Mohamed Jameel Al Ramahi, CEO of the company, emphasized: "We are steadfastly committed to developing high-quality renewable energy projects to accelerate Europe's energy transition. The active participation of numerous leading financial institutions highlights our confidence in Saeta's capabilities and our growth strategy. We will continue to mobilize capital and professional experience to expand Saeta's footprint and provide a safe and sustainable energy system for the region. ”

Masdar is actively expanding into the Iberian Peninsula and European markets, striving to achieve the ambitious goal of a global project portfolio capacity of 100 gigawatts by 2030. In March 2025, Saeta signed an investment agreement for the construction and operation of a 234 MW photovoltaic project in Valencia, and plans to support a 259 MW battery energy storage system to achieve hybrid development of photovoltaic and energy storage. These measures not only reflect the company's forward-looking layout in technological innovation, but also demonstrate its strategic vision of improving grid stability through diversified energy combinations.

With the arrival of 540 million euros in financing, Masdar's layout in the European new energy market will be further accelerated, contributing an important force to Europe's energy transformation and providing a successful example of cross-border cooperation and capital operation for the global development of renewable energy. Editor/Yang Beihua