Enel: Sells Nearly 50% of Solar Unit to Masdar for €184 Million

Deal News | Apr 10, 2025 | Iberian Lawyer

Enel: Sells Nearly 50% of Solar Unit to Masdar for €184 Million

Deloitte Legal has successfully advised Enel Green Power España, a subsidiary of Endesa, on the sale of 49.99% of its share capital in Enel Green Power España Solar 2 to Masdar, the renowned Abu Dhabi-based renewables group, for a total of 184 million euros. This significant transaction is part of a broader long-term strategic alliance between Endesa and Masdar aimed at developing one of Spain's largest photovoltaic energy projects. The transaction was handled by Deloitte Legal's Corporate M&A team, including José María Elías de Tejada and Susana López Claver, alongside their Public Law and Regulated Sectors team comprising Carlos Tallón Martínez and others.

Sectors

  • Renewable Energy
  • Legal Advisory

Geography

  • Spain – The transaction involves Enel Green Power España Solar 2, a major player in the Spanish photovoltaic energy sector.
  • Abu Dhabi, UAE – Masdar, the acquiring company, is based in Abu Dhabi, indicating the international aspect of the deal.

Industry

  • Renewable Energy – The transaction involves Enel Green Power España Solar 2, focusing on photovoltaic projects, representing the renewable energy industry.
  • Legal Advisory – Deloitte Legal's involvement as the advisory on the legal aspects of the sale represents the legal services industry.

Financials

  • 184 million euros – The value of the transaction for the sale of 49.99% of Enel Green Power España Solar 2 to Masdar.

Participants

NameRoleTypeDescription
Enel Green Power EspañaTarget CompanyCompanyA subsidiary of Endesa involved in this transaction, focusing on renewable energy projects.
EndesaParent CompanyCompanyThe parent company of Enel Green Power España, facilitating the strategic sale to Masdar.
MasdarBidding CompanyCompanyAn Abu Dhabi-based renewables group acquiring a significant stake in Enel Green Power España Solar 2.
Deloitte LegalLegal AdvisorCompanyThe law firm advising Enel Green Power España on the legal aspects of the transaction.