Abu Dhabi-owned Masdar has entered the early-stage bidding process for X-Elio, the renewable‑energy platform owned by Canadian infrastructure group Brookfield.
What is X-Elio?
X-Elio is a portfolio of renewable assets valued at about €4 billion, including debt, that Brookfield put up for sale in February.
Who are the potential buyers?
Besides Masdar, Singapore sovereign‑wealth fund GIC, an original interested party, remains in the process. Brookfield and X‑Elio have not commented.
Why is Masdar interested now?
Sources say Masdar sees strategic value in expanding its clean‑energy holdings and is conducting an initial review of the asset.
How does the valuation compare to expectations?
Industry sources describe the €4 billion price tag, debt‑inclusive, as demanding but reflective of market conditions for large renewable platforms.
What is the timeline for the sale?
The transaction is moving forward without haste; no specific deadline has been disclosed, and negotiations are ongoing.
The sale of X-Elio continues to attract interest as investors seek exposure to renewable infrastructure, with final outcomes pending further bids and due diligence.