09:31 AM EDT, 09/04/2024 (MT Newswires) -- Canadian investment fund Brookfield is close to selling Saeta Yields, a renewable energy company with assets in Spain and Portugal, to Masdar of the United Arab Emirates, newspaper Expansion reported on Wednesday, citing unidentified sources, Reuters has noted.

The transaction could exceed (Euro)1.5-billion ($1.66-billion), the newspaper reported.

Saeta owns 28 wind farms, 10 photovoltaic parks and seven solar thermal plants, according to its website.

A spokesperson for Brookfield declined to comment while Masdar and Saeta were not immediately available for comment, according to the Reuters report.

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