![(FILES) In this file photo taken on May 24, 2018 the logo of CEPSA Spanish multinational oil and gas company is seen on a wall of the Foster tower located at the 'Cuatro Torres Business Area' in Madrid on May 24, 2018. The Abu Dhabi-based investment firm Mubadala wants to introduce on the Madrid Stock Exchange at least 25% stake in the Spanish oil and gas group Cepsa, Cepsa announced on September 17, 2018. / AFP / GABRIEL BOUYS](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/C463EGEGK7AI2ZNBCZCSHRNW2M.jpg?smart=true&auth=3af5ce76b6962473396d49cc13e65cbff70f17e0b1f2c0c6cec468e8c8b493f2&width=400&height=225)
Cepsa is majority-owned by Abu Dhabi's Mubadala Investment Company through their petroleum and petrochemicals division. AFP
Cepsa is majority-owned by Abu Dhabi's Mubadala Investment Company through their petroleum and petrochemicals division. AFP
Cepsa, Masdar agree to form renewables joint venture
The new company will look at deploying up to 600MW wind and solar projects in the Iberian Peninsula