Newsroom

• Formal ceremony attended by His Royal Highness Al-Sultan Abdullah Ri'ayatuddin Al-Mustafa Billah Shah, the Sultan of Pahang; His Excellency Wan Rosdy Wan Ismail, Chief Minister of Pahang and senior leadership from project partners

• One of Southeast Asia’s largest floating solar developments, 200 MW Project Chereh is expected to power the equivalent of around 100,000 homes and create approximately 1,500 jobs during development and construction

• Project will be developed with Citaglobal and TIZA Global, combining Masdar’s floating solar capabilities with Malaysian infrastructure and project development capabilities

• Masdar’s first project in Malaysia, building on floating solar experience in Indonesia

Abu Dhabi Future Energy Company PJSC – Masdar, a global clean energy leader, Citaglobal Berhad and TIZA Global Sdn Bhd today marked the start of construction of the 200-megawatt (MW) Chereh Dam Floating Solar PV Project with a groundbreaking ceremony in Pahang. Chereh Solar Sdn Bhd, the partners’ project company, is developing the plant, which is expected to begin operations in 2028.

One of the largest floating solar developments in Southeast Asia, Chereh is expected to generate sufficient clean electricity to power the equivalent of 100,000 homes. The project will create around 1,500 jobs during development and construction.

The project combines Masdar’s floating solar experience, including its work on the 145MW Cirata project in Indonesia, with Citaglobal’s infrastructure and energy development capabilities and TIZA Global’s project development and local stakeholder engagement experience.

The ceremony was attended by His Royal Highness Al-Sultan Abdullah Ri'ayatuddin Al-Mustafa Billah Shah, the Sultan of Pahang; His Excellency Wan Rosdy Wan Ismail, Chief Minister of Pahang, together with senior leadership from the project partners.

His Royal Highness Al-Sultan Abdullah Ri'ayatuddin Al-Mustafa Billah Shah, the Sultan of Pahang said:

Mohamed Jameel Al Ramahi, Chief Executive Officer of Masdar, commented:

Tan Sri Dato' Sri (Dr.) Mohamad Norza Zakaria, Executive Chairman and President of Citaglobal Berhad and TIZA Global Sdn Bhd, said:

Financial close was reached on the project on 27 October, with approximately 580 million MYR raised in Malaysian ringgit from three international lenders. The financing structure aligns project funding with future project revenues while attracting international capital into Malaysia's renewable energy sector and supporting long-term local economic participation.

Chereh Solar Sdn Bhd signed the power purchase agreement (PPA) with Tenaga Nasional Berhad, Malaysia’s national utility company, in December 2025. The agreement provides for the sale of electricity generated by the project for 21 years from commercial operation. The project was secured through a competitive tender process under Malaysia’s Large Scale Solar (LSS) Cycle 5+ program, with the consortium’s bid offering the lowest tariff in the floating solar category.

Through its investment in Chereh Solar, Citaglobal is expanding its participation in renewable power generation alongside its established infrastructure activities. Chereh forms a key component of the Group’s New Energy platform, which spans solar, hydropower and Bio-CNG initiatives.

For Masdar, Chereh is its first project in Malaysia and will be the inaugural project under the 10-gigawatt renewable energy roadmap agreed with the Malaysian Investment Development Authority (MIDA) in 2023. Masdar is also progressing a feasibility study for a major floating solar installation at the Murum reservoir in Sarawak.

The partners will work closely with Malaysian authorities, local communities and stakeholders throughout development, construction and operations. A Site Agreement has also been signed with Pahang Water & Energy Resources to support the project’s development.

By using an existing reservoir for solar generation, the project reduces the need for land-based solar sites. Malaysia has targeted increasing the share of renewables in its installed electricity-generation capacity to 35% by 2030, with floating solar expected to contribute significantly to this target.

• Issuance marks Masdar’s fourth bond offering and its first blue bond under its US$6 billion Global Medium Term Note Programme

• Peak orderbook of USD 1.5 billion with oversubscription of 2.5x, reflecting investor confidence in Masdar’s financial resilience and strategic direction

• Proceeds from blue bond will be allocated to maritime renewable energy projects, including offshore wind

• Blue issuance brings the total raised under Masdar’s bond programme to US$3.35 billion since 2023

Abu Dhabi Future Energy Company PJSC – Masdar, a global clean energy leader, has strengthened and expanded its leadership position in sustainable finance with the issuance of the first blue bond in its US$6 billion Global Medium Term Note Programme. The US$600 million five-year tenor bond is rated AA- by S&P and Fitch, making it the highest rated public blue bond issued globally to date by a corporate.

Issued on the London Stock Exchange’s International Securities Market with a 5.875% US dollar coupon, the bond was swapped into euros at a 4.374% yield, efficiently aligning Masdar’s funding with its European investment exposure. The transaction attracted resilient demand from a broad base of regional and international investors, with the orderbook peaking at US$1.5 billion and the bond ultimately 2.5x oversubscribed despite challenging market conditions.

Masdar updated its Green Finance Framework (GFF) last month to include eligible blue projects, enabling the company to channel capital toward water-related clean energy projects, including offshore wind. Eligible blue projects contribute to the sustainable use of oceans and water resources, and must undergo comprehensive impact assessments to minimize adverse biodiversity effects.

Mazin Khan, Chief Financial Officer, Masdar, said:

Masdar is already widely recognized as a global leader in sustainable finance, with the company having raised US$2.75 billion since 2023 through its bond program. A total of US$2.3 billion had been allocated to 30 renewable energy projects, with a total gross capacity of over 16 gigawatts (GW) across 10 countries, as of year-end 2025.

Masdar’s updated GFF is aligned with blue guidance from the International Capital Market Association and the International Finance Corporation, and was again assigned SQS1 (Excellent) – the highest possible Sustainability Quality Score – by Moody’s.

The joint lead managers and bookrunners on the bond included Abu Dhabi Commercial Bank, BNP Paribas, Crédit Agricole CIB, First Abu Dhabi Bank, HSBC, J.P. Morgan, and Société Générale CIB.

Masdar has built one of the world’s fastest-growing renewable energy portfolios, with more than 65GW of capacity across established and high-growth renewable energy markets, spanning technologies including solar, onshore wind, offshore wind, battery storage and hybrid solutions. With a clear pathway to 100GW of energy capacity by 2030, Masdar continues to expand through disciplined investment in strategic markets, delivering reliable, affordable clean power to meet rapidly growing electricity demand while supporting energy security and economic growth.

• Agreement to acquire and develop 550+ MW solar project, one of largest in Greece, will strengthen country’s clean energy infrastructure and support its ambitions as a European digital hub

• Masdar and Khazna Data Centers also sign MoU to advance green data center development in Greece

• Investment builds on UAE–Greece strategic partnership as the two countries mark 50+ years of diplomatic relations

• Acquisition marks Masdar’s first strategic investment in Greece since taking TERNA ENERGY private in 2025

• Planned integration of battery storage will support grid stability and integration of renewables into Greece’s electricity system

Abu Dhabi Future Energy Company PJSC – Masdar, a global clean energy leader, has signed an agreement to acquire and develop one of Greece’s largest solar projects, strengthening the country's clean energy infrastructure and supporting its ambitions as a European digital hub, while deepening the strategic partnership between the UAE and Greece.

The agreement was announced during the official visit to Greece by His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, as the two countries mark over 50 years of diplomatic relations and seek to expand cooperation across energy, artificial intelligence (AI) and advanced technology.

Supporting Greece’s digital economy

As AI, cloud computing and digital industries drive rising electricity demand, access to affordable, reliable energy is becoming increasingly important to economic competitiveness. Greece's strategic location at the intersection of Europe, Africa and Asia, alongside growing investment in digital infrastructure, positions it to become an important regional hub for these industries.

The 550+ megawatts (MW) solar photovoltaic (PV) project, being acquired from Lightsource bp, is set to become operational by the end of 2026 and will produce enough electricity to power more than 200,000 homes a year. The project will support meeting electricity demand growth in Greece driven by AI and digital infrastructure.

Separately, Masdar and Khazna Data Centers signed a Memorandum of Understanding (MoU) to advance green data center development in Greece, combining Khazna’s data center development and operational capabilities with Masdar’s renewable energy and energy storage expertise. The partnership will explore dedicated clean power and storage solutions to support Greece’s growing digital infrastructure needs, creating significant opportunities for investment, economic growth and energy security.

His Excellency Dr Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and Chairman of Masdar, said:

Mohamed Jameel Al Ramahi, Chief Executive Officer, Masdar, said:

Enhancing the project through battery storage

Masdar also plans to enhance the 550+ MW project with the integration of battery storage. This addition will support grid stability, enabling greater integration of renewables and providing additional flexibility to Greece's power system. The transaction will also include two privately owned substations connecting the project to the electricity transmission system.

Building on Masdar’s acquisition of TERNA ENERGY

The acquisition marks Masdar’s first strategic investment made through TERNA ENERGY and represents a significant step in building Masdar’s presence in southeastern Europe. The solar project will complement TERNA ENERGY’s existing portfolio, enhance operational and commercial synergies, and strengthen Masdar’s position in one of Europe’s fastest-growing renewable energy markets.

TERNA ENERGY is Masdar’s platform for expansion across Southeastern and Central Europe. Masdar completed its 100 per cent acquisition of the company in April 2025, following an initial 70 per cent acquisition in November 2024 that valued the company at €3.2 billion, marking the largest energy transaction at that time on the Athens Stock Exchange. Masdar is leveraging TERNA ENERGY’s strong track record to become one of the largest renewables developers in the region, targeting 6 gigawatts (GW) of operational capacity by 2030, backed by a €5.5 billion investment plan.

Powering the Age of Intelligence

As the adoption of AI and other advanced technologies accelerates, demand for reliable, affordable renewable energy is rising to meet the needs of the digital economy while supporting clean energy objectives. Masdar is currently developing the world’s first gigascale round-the-clock renewable energy project in Abu Dhabi, transforming renewable energy into a true, dispatchable resource that can deliver baseload power.

Masdar has built one of the world’s fastest-growing renewable energy portfolios, with more than 65GW of capacity across established and high-growth renewable energy markets, spanning technologies including solar, onshore wind, offshore wind, battery storage and hybrid solutions. With a clear pathway to 100GW of energy capacity by 2030, Masdar continues to expand through disciplined investment in strategic markets, delivering reliable, affordable clean power to meet rapidly growing electricity demand while supporting energy security and economic growth.

The acquisition transaction remains subject to regulatory approval and customary closing conditions and is expected to be completed by the end of this year.

• Operating projects generated 40.2TWh of clean electricity during the year and avoided 19.5 million tonnes of carbon dioxide equivalent

• Capacity in operation or under construction increased approximately 40% to 45.8GW, with Masdar’s total portfolio reaching 66.5GW

• Masdar issued US$1 billion green bond, which was 6.6 times oversubscribed, with international investors purchasing 85%

Abu Dhabi Future Energy Company PJSC – Masdar has released its 13th Annual Sustainability Report, showing a 38 percent increase in clean electricity generation from its operating projects in 2025.

Actual generation rose from 29.2 terawatt-hours (TWh) to 40.2TWh during the year, helping avoid 19.5 million tonnes of CO₂e. The increase reflects the continued expansion of Masdar’s global portfolio and the performance of its operating projects around the world.

Masdar increased capacity from projects in operation or under construction by approximately 40 percent, from 32 gigawatts (GW) to 45.8GW. A further 20.7GW of secured projects or projects approaching final investment approval brought Masdar’s total portfolio to 66.5GW by the end of 2025.

The 2025 report included Saeta Yield and TERNA ENERGY within the reporting boundary for the first time. Together, they expanded Masdar’s operating platform across Spain, Portugal, Southeastern and Central Europe, adding wind and solar assets alongside a development pipeline that includes pumped hydro storage.

Mohamed Jameel Al Ramahi, Chief Executive Officer of Masdar, said:

The report also highlights major project milestones during the year, including the start of power generation from the 476MW Baltic Eagle Offshore Wind Farm in Germany, the inauguration of the 250MW Nur Bukhara solar project in Uzbekistan and the securing of financing for the 2GW Al Sadawi solar project in Saudi Arabia.

Masdar also broke ground on its world-first gigascale round-the-clock clean energy project in Abu Dhabi. Combining a 5.2GW solar plant with a 19GWh battery storage system, the project is designed to deliver 1GW of clean power around the clock. It will demonstrate how solar and battery storage can provide continuous, reliable power at scale and establish a blueprint that can be replicated globally as electricity demand grows.

Masdar continued to attract strong support from international investors during the year. Following the publication of an updated Green Finance Framework in March, the company issued a further US$1 billion green bond in May. Investor orders reached US$6.6 billion, with international investors purchasing 85 percent of the bonds.

The issuance brought the total value of Masdar’s outstanding green bonds to US$2.75 billion. Masdar also maintained investment-grade corporate credit ratings of AA- from S&P, A1 from Moody’s and AA- from Fitch, while Moody’s reaffirmed its SQS1 (Excellent) rating for the updated Green Finance Framework. Masdar’s Sustainable Fitch ESG score increased from 71 to 74 out of 100.

The company also delivered more than 100 community initiatives across eight countries during the year. Masdar strengthened biodiversity protection across its global portfolio in 2025 through its Integrated Biodiversity Assessment Tool (IBAT), 23 biodiversity surveys, three conservation partnerships, and AI-powered bird detection at the Zarafshan Wind Farm, which recorded no fatalities among target species.

The report details further progress across Masdar’s workforce and operations. Women represented 30.2 percent of the workforce and 20 percent of management roles, while the Emiratization rate was approximately 46 percent, excluding international operations. Teams across Masdar’s operations received 250,000 hours of health, safety and environmental training.

To view Masdar’s 2025 Annual Sustainability Report, please click here.

watch video

Masdar’s latest Power to Change film takes us to Rügen Island, the largest in Germany and home to the Baltic Eagle offshore wind farm, the inaugural joint venture project between Masdar and Iberdrola

Masdar's first renewable energy project in Germany, Baltic Eagle has a capacity of 476 megawatts (MW) and supplies around 475,000 households with clean electricity while reducing carbon dioxide emissions by about 800,000 tons per year.

“For Masdar, Baltic Eagle is more than a project,” says Husain Al Meer, Executive Director, for Masdar’s Global Offshore Wind & UK operation. “It reflects our confidence in Germany as a vital market and a key part of Masdar’s long-term European industrial strategy.”

The development of Baltic Eagle also created an estimated 4,000 jobs across the renewable energy value chain, with suppliers drawn from across Europe as the project came together.

“A defining moment was the first time when I'd see the turbines standing, spinning and exporting clean energy that will support the energy transition in Europe,” says Iberdrola’s Francisco Lopez, the offshore installation manager for Baltic Eagle.

Baltic Eagle, which became fully operational last year, is part of a broader €15 billion strategic partnership with Iberdrola to accelerate clean energy deployment across key markets including the UK and Germany. Signed in December 2023, the Masdar–Iberdrola partnership is one of the largest bilateral alliances in the global clean energy sector.

“We are proud to be a partner with Germany and Europe, and we share a common commitment to drive innovation, strengthen industrial competitiveness, and support sustainable economic growth,” says Al Meer.

“Every turbine I see is clearly contributing to supplying Germany's population and industry, says Leon Kräusche, Mayor of Sassnitz, a resort town in Rügen. “We have no choice other than to pursue this new energy policy. The wind project is an integral part of Rügen Island, and we consider it our responsibility.”

• Masdar signs collaboration agreement with AGEC during visit to Azerbaijan of His Highness Sheikh Tahnoon bin Zayed Al Nahyan, Deputy Ruler of Abu Dhabi and National Security Adviser

• Masdar will explore new renewable energy projects in Azerbaijan, including 350MW expansion of Masdar’s landmark Garadagh Solar PV project and addition of battery energy storage

• • Masdar to also explore development of a 100MW round-the-clock renewable energy project, building on its pioneering RTC project in Abu Dhabi

• Masdar and SOCAR Green announce financial close for 315MW Neftchala Solar PV project

In the presence of His Highness Sheikh Tahnoon bin Zayed Al Nahyan, Deputy Ruler of Abu Dhabi and National Security Adviser, and His Excellency Ilham Aliyev, President of the Republic of Azerbaijan, Abu Dhabi Future Energy Company PJSC – Masdar, a global clean energy leader, signed a collaboration agreement with Azerbaijan Green Energy Company (AGEC) to explore the development of new renewable energy projects in Azerbaijan. Masdar and SOCAR Green also announced they have reached financial close on the 315MW Neftchala Solar PV project.

The collaboration agreement includes plans to explore the potential expansion of Masdar’s 230-megawatt (MW) Garadagh Solar PV by a minimum of 350MW, together with the addition of a battery energy storage system (BESS) of up to 200 megawatt-hours (MWh).

Masdar and AGEC will also explore the development of a 100MW round-the-clock (RTC) renewable energy project. The project would build on Masdar’s pioneering work in Abu Dhabi, where it is developing a world-first US$6.1 billion gigascale RTC renewable energy project.

The agreement was signed by His Excellency Dr Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and Chairman of Masdar, and Khayala Naghiyeva, Deputy Chairman of the Executive Board of AGEC.

Mohamed Jameel Al Ramahi, Chief Executive Officer of Masdar, said:

Mir Jamal Pashayev, Chief Executive Officer of Azerbaijan Green Energy Company, said:

Khayala Naghiyeva, Deputy Chairman of Executive Board of AGEC, said:

Neftchala financial close

Masdar and SOCAR Green, a wholly owned subsidiary of Azerbaijan’s SOCAR state oil company, are co-developing the Neftchala project, in collaboration with the Ministry of Energy. Financing is being provided by the Asian Infrastructure Investment Bank (AIIB), the European Bank for Reconstruction and Development (EBRD), and the Asian Development Bank (ADB).

The signatories were Dr Al Jaber, Mikayil Jabbarov, Minister of Economy of the Republic of Azerbaijan, and Parviz Shahbazov, Minister of Energy.

Located in the Neftchala district of Azerbaijan, the project is expected to generate more than 686 million kilowatt-hours of renewable electricity annually, enough to power around 140,000 homes, while avoiding approximately 280,000 tonnes of carbon emissions each year.

Pioneering renewable energy in Azerbaijan

Masdar has established a strong track record in Azerbaijan since entering the market with the Garadagh project, inaugurated in 2023. Garadagh, which was also Azerbaijan’s first foreign investment-based independent utility-scale solar power project, generates approximately 500 million kilowatt-hours (kWh) of electricity annually, enough to power more than 110,000 homes.

In addition to the Neftchala project, Masdar is also developing two other projects with SOCAR Green – the 445MW Bilasuvar solar project and the 240MW Absheron-Garadagh onshore wind project – taking Masdar’s total capacity in Azerbaijan to over 1.2GW.

Growing RTC experience

The proposed RTC development would draw on Masdar’s growing experience in combining renewable generation with large-scale battery storage to provide reliable and dispatchable electricity.

The gigascale RTC project in Abu Dhabi, which Masdar is developing with Emirates Water and Electricity Company (EWEC), combines a 5.2-gigawatt (GW) solar photovoltaic plant with a 19GWh BESS to deliver up to 1GW of baseload renewable power 24 hours a day. The project reached financial close in July 2026.

Masdar has a diversified portfolio of more than 65GW, spanning both established and high-growth renewable energy markets and covering the full spectrum of renewable technologies, including solar, onshore wind, offshore wind, battery energy storage and hybrid solutions. With a clear pathway to 100GW of renewable energy capacity by 2030, Masdar continues to expand its global platform through disciplined growth across priority markets, delivering reliable, affordable clean power to meet the world's rapidly growing electricity demand.

• Čibuk complex reaches 312MW of installed capacity, representing more than €500 million of foreign direct investment in Serbia, and powering around 178,800 homes

• Project strengthens Serbia's energy security with dependable, competitively priced domestic generation, supporting nation’s target of renewables reaching 45% of electricity mix

• Masdar's additional Serbian pipeline of more than 200MW across solar, wind and battery storage establishes platform for growth across wider region and Central and Eastern Europe

Abu Dhabi Future Energy Company PJSC – Masdar, a global clean energy leader, and Taaleri Energia, a Finnish renewable energy fund manager, today inaugurated the 154-megawatt (MW) Čibuk 2 wind farm, creating the largest wind power hub in Serbia and the Western Balkans.

Čibuk 2 sits alongside the 158MW Čibuk 1 wind farm in Serbia's South Banat region, around 40km from Belgrade. Together, the two projects have a total installed capacity of 312MW, providing enough clean electricity to power around 178,800 households. The combined projects represent more than €500 million of foreign direct investment in Serbia’s energy infrastructure.

The wind farm was inaugurated at a ceremony in Belgrade attended by HE Dubravka Đedović Handanović, Minister of Mining and Energy, Republic of Serbia, HE Ahmed Almenhali, Ambassador of the United Arab Emirates to the Republic of Serbia, Ms. Elina Ollila, Deputy Ambassador of Finland to the Republic of Serbia, and the leadership of Masdar and Taaleri Energia.

Strengthening Serbia's energy security

As Serbian electricity demand grows, Čibuk 2 will deliver dependable, competitively priced, domestically generated power for decades, reducing exposure to fuel price volatility and supporting a more resilient, diversified energy system. Beyond the operational Čibuk complex, Masdar has a Serbian development pipeline of more than 200MW spanning solar, wind and battery storage projects. Serbia offers significant long-term growth potential, with plans to bring around 3.5 gigawatts (GW) of new wind and solar capacity online by 2030 and to achieve 45 percent of electricity generation from renewables in the same timeframe.

Her Excellency Dubravka Đedović Handanović, Minister of Mining and Energy, Republic of Serbia commented:

Mohamed Jameel Al Ramahi, Chief Executive Officer, Masdar commented:

Kai Rintala, Managing Director, Taaleri Energia commented:

Delivering economic and community value

During construction of Čibuk 2, more than 1,000 people were engaged across the workforce, subcontractors and project management, the majority of them local to the South Banat region. Comprising 22 Nordex turbines, Čibuk 2 will generate up to 336,000 megawatt-hours (MWh) of clean electricity annually, enough to power around 80,000 homes, while avoiding approximately 311,200 tonnes of carbon dioxide emissions each year. The wind farm is 50/50 owned by Masdar and Taaleri Energia and was developed in partnership with New Energy Solutions.

Masdar has built one of the world’s leading renewable energy portfolios, with more than 65GW of capacity across established and high-growth renewable energy markets, spanning technologies including solar, onshore wind, offshore wind, battery storage and hybrid solutions. With a clear pathway to 100GW of energy capacity by 2030, Masdar continues to expand through disciplined investment in strategic markets, delivering reliable, affordable clean power to meet rapidly growing electricity demand while supporting energy security and economic growth.

• Masdar signs agreement with RWE on future offshore wind partnerships with an indicative investment value exceeding €3 billion

• Masdar also signs agreement with Luxcara to explore potential joint investments in battery storage and also offshore wind projects in Germany in excess of €5 billion

• Potential investments reinforce the UAE’s role as long-term strategic partner in Europe’s energy sector

• Agreements build on Masdar’s 15.6GW European platform and track record in Germany through 476MW Baltic Eagle Offshore Wind Farm

Abu Dhabi Future Energy Company PJSC – Masdar, a global clean energy leader, has signed two strategic agreements with leading European energy partners during the State Visit of His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the United Arab Emirates to Germany, reinforcing the UAE’s growing role as a long-term investor and strategic energy partner in Germany and Europe.

The agreements span offshore wind and battery energy storage, demonstrating Masdar’s commitment to invest in the infrastructure needed to strengthen Europe’s energy security, boost industrial competitiveness and meet growing electricity demand.

Masdar signed a Memorandum of Understanding with RWE to consider joint participation in future German offshore wind auctions. This agreement has an indicative investment value exceeding €3 billion and builds on Masdar and RWE's long-standing partnership.

In a separate agreement, Masdar and Luxcara, an independent German asset manager for energy infrastructure, signed a Memorandum of Understanding to establish a strategic partnership for the energy transition in Germany and wider Europe Under the agreement, the parties will explore strategic investment in battery energy storage systems (BESS) and also in offshore wind, and potentially other technologies, with a potential overall value in excess of EUR 5 billion.

Together, the agreements reflect the scale and breadth of Masdar’s ambitions to further expand its European platform through long-term investment and strategic partnerships. The agreements also highlight the broader strategic relationship between the UAE and Germany and the growing contribution of UAE investment and expertise to Europe’s energy sector.

Mohamed Jameel Al Ramahi, Chief Executive Officer of Masdar, said:

Masdar has an established track record in Germany, with the 476MW Baltic Eagle offshore wind farm becoming fully operational last year. The project forms part of a wider European offshore wind portfolio that includes the 630MW London Array, Dudgeon, Hywind Scotland and the 1.4GW East Anglia THREE project.

Masdar and RWE are already partnering in major UK offshore wind projects, as co-investors in London Array, and jointly advancing the 3GW Dogger Bank South projects off the northeast coast of England.

The Luxcara agreement would further broaden Masdar’s European platform by combining offshore wind with battery energy storage. Storage is becoming increasingly important as renewable capacity grows, helping strengthen grid flexibility and enabling clean electricity to be dispatched when it is needed.

Masdar’s European presence has expanded significantly in recent years through investment and acquisitions across the UK, Germany, Spain, Portugal and Southeastern and Central Europe. The company has invested over US$13 billion in Europe and has developed a portfolio of over 15.6GW. Masdar continues to pursue disciplined growth in priority markets as it advances towards its target of 100GW of renewable energy capacity by 2030.

Reflecting the UAE’s longstanding commitment to supporting a more sustainable future and expanding the deployment of renewable energy solutions globally, the inauguration of three solar power plants in the Union of the Comoros demonstrates how the UAE is leveraging its clean energy expertise and capabilities to help strengthen global energy security. The plants were financed by Abu Dhabi Fund for Development (ADFD), implemented by Abu Dhabi Future Energy Company PJSC – Masdar, and managed by Global South Utilities (GSU).

The project was inaugurated by Azali Assoumani, President of the Union of the Comoros, in the presence of Jumaa Rashid Alromaithi, Ambassador of the UAE to the Union of the Comoros; Ahmed Khamis Alkalbani, Representative of Abu Dhabi Fund for Development; Dr. Mohamed Alzarooni, Head of Projects at Masdar; Ali Abdulla Alshimmari, Managing Director and Chief Executive Officer of Global South Utilities; and a number of senior officials from both countries.

The project, financed by ADFD at approximately AED84.4 million, comprises three solar photovoltaic (PV) plants with a total installed capacity of approximately 20 MW: 12.86 MW on Grande Comore, 4.05 MW on Anjouan and 3.1 MW on Mohéli. It also includes battery energy storage systems with a capacity of 16 megawatt-hours (MWh) and a power output of 8 MW across Grande Comore and Anjouan, as well as approximately 30 kilometres of 20-kilovolt (kV) medium-voltage overhead transmission lines.

Technical studies indicate that the three plants will generate approximately 33.75 GWh of clean electricity annually, equivalent to meeting the needs of around 17,500 households and avoiding approximately 20,900 tonnes of carbon dioxide emissions each year.

Regarding the inauguration, Azali Assoumani, President of the Union of the Comoros, said,

Jumaa Rashid Alromaithi, Ambassador of the UAE to the Union of the Comoros, said:

Mohammed Saif Al Suwaidi, Director General of Abu Dhabi Fund for Development, said:

Mohamed Jameel Al Ramahi, Chief Executive Officer of Masdar, said:

Ali Abdulla Alshimmari, Managing Director and Chief Executive Officer of Global South Utilities, said:

The project comes at a time when the Union of the Comoros is facing mounting challenges in its electricity sector, including heavy reliance on imported diesel. In 2024, imported diesel accounted for 91% of the country’s energy mix, while electricity demand reached 254 GWh, compared with actual generation of just 150 GWh. The country also experienced approximately 3,000 power outages during the year.

The project’s expected annual solar generation is equivalent to approximately 13.3% of total electricity demand and 22.5% of actual generation. It will help improve the efficiency of the energy system and strengthen its capacity to respond to rising demand, while helping to diversify electricity sources and reduce exposure to fluctuations in imported fuel, supporting economic activity and helping build a more stable and efficient power system.

• Commercial operations begin at 35MW/70MWh Rochdale project, which provides clean power for 35,000 homes per day

• Plant can respond to changes in electricity demand in milliseconds, helping to maintain grid stability, and will provide balancing services to grid operator

• Masdar is committed to investing £1 billion to develop 3GWh pipeline of storage projects in UK, part of its wider commitment to enhancing nation’s energy security

Abu Dhabi Future Energy Company PJSC – Masdar, a global clean energy leader, has strengthened its commitment to UK energy security with its second battery energy storage system (BESS) project in the country starting commercial operations. The opening of the facility in Rochdale is the latest milestone in Masdar’s planned £1 billion investment program in BESS projects in the UK.

The 35-megawatt (MW)/70-megawatt-hours (MWh) Rochdale plant will provide enough clean power for 35,000 homes per day, based upon two charging and discharging cycles per day. The facility will also provide critical grid balancing services, responding to fluctuations in supply and demand within milliseconds to help maintain a secure and reliable electricity network.

£1 billion investment in UK energy infrastructure

Following its acquisition of Arlington Energy in 2022, Masdar committed to developing a 3 gigawatt-hours (GWh) pipeline of BESS projects in the UK, one of the largest in the country. The portfolio will play a vital role in supporting the integration of renewables into the country’s energy mix and enhancing grid stability, with the aim of lowering consumer bills.

The investment is aligned with the UK government’s Clean Power 2030 Action Plan, which is targeting building up to 27GW of battery storage by the end of this decade.

Husain Al Meer, Executive Director, Global Offshore Wind & UK, Masdar said:

The Rochdale project follows Masdar’s 20MW/40MWh Welkin Road project in Stockport beginning commercial operations last December. The company is also currently developing projects in Chesterfield and Cardiff, which will have a combined capacity of 150MW/300MWh. Project financing for the four projects was successfully completed last month, with Masdar securing up to £97 million from SMBC and ING.

Enhancing grid stability

BESS solutions are critical to integrating renewables into modern electricity networks, providing flexible energy to the grid by storing energy in periods of low demand and releasing it at peak times. This flexibility enhances grid stability and energy security, supports the integration of renewable energy, and contributes to lowering consumer bills and carbon emissions.

Built to international standards of safety and security, Masdar’s BESS projects incorporate state-of-the-art fire detection and suppression systems, with 24-hour CCTV monitoring and local response capability.

The company’s UK BESS projects are also being built in close consultation with local stakeholders to ensure they deliver positive impact to local communities as well as providing tangible national economic benefit.

Global storage leadership

As electricity demand accelerates, driven by electrification and the rapid expansion of artificial intelligence (AI) and digital infrastructure, Masdar is strengthening its global leadership position in battery storage. Last October, Masdar broke ground in Abu Dhabi on the world’s first gigascale 24/7 solar and battery storage project, which will combine a 5.2GW solar plant with a 19GWh BESS to deliver up to 1GW baseload power every day.

Beyond battery storage, Masdar is a leading investor, developer, and operator in the UK offshore wind sector. Major UK projects include a €5.2 billion co-investment with Iberdrola in the 1.4GW East Anglia THREE offshore wind facility, which will power the equivalent of 1.3 million homes, and the 3GW Dogger Bank South offshore wind farm being developed in partnership with RWE.

Masdar has built one of the world’s fastest-growing renewable energy portfolios, with more than 65GW of capacity across established and high-growth renewable energy markets, spanning technologies including solar, onshore wind, offshore wind, battery storage and hybrid solutions. With a clear pathway to 100GW of energy capacity by 2030, Masdar continues to expand through disciplined investment in strategic markets, delivering reliable, affordable clean power to meet rapidly growing electricity demand while supporting energy security and economic growth.