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• Two companies, Larsen & Toubro and POWERCHINA selected as preferred Engineering, Procurement and Construction (EPC) contractors for the project, which will be built in Abu Dhabi

• Masdar selects Jinko Solar and JA Solar as preferred suppliers for solar photovoltaic (PV) modules and CATL as preferred supplier for the battery energy storage system (BESS) for the combined solar and BESS project – largest in the world

• Masdar, in collaboration with EWEC, is developing the world’s first ‘round the clock’ gigascale combined solar and BESS project, capable of delivering 1GW of continuous clean energy

Abu Dhabi Future Energy Company PJSC – Masdar, the UAE’s clean energy leader, announced today preferred suppliers and contractors to support the development of the world’s first large-scale ‘round the clock’ gigascale project, which will combine solar photovoltaic (PV) power and battery storage to deliver uninterrupted renewable energy.

JA Solar and Jinko Solar, two of the world's largest PV module suppliers, and CATL, the world’s largest battery manufacturer and a leading battery energy storage system (BESS) supplier, are preferred suppliers for the project, Masdar announced today at Abu Dhabi Sustainability Week (ADSW). Larsen & Toubro and POWERCHINA have been selected as preferred Engineering, Procurement and Construction (EPC) contractors for the project, which will be built in Abu Dhabi.

Letters of Award for the EPC contractors were signed today in a special ceremony at the Masdar Pavilion at ADSW, with Abdulaziz Alobaidli, Chief Operating Officer, Masdar, signing both. Yu Feng, President of HDEC International, signed for POWERCHINA, with Gao Fei, Vice President of POWERCHINA MENA Headquarter, witnessing. The Letter of Award for Larsen & Toubro was signed by A. Ravindran, Senior Vice President & Head - Renewables IC, with T. Madhavadas, Whole Time Director & Sr. Executive Vice President (Utilities), witnessing.

Masdar, in collaboration with EWEC (Emirates Water and Electricity Company), announced at ADSW that it is developing the gigascale project, capable of delivering up to 1 gigawatt (GW) of baseload power 24 hours a day, seven days a week. The project will feature a 5.2GW (DC) solar photovoltaic (PV) plant, coupled with a 19 gigawatt-hour (GWh) BESS, making it the largest solar and BESS project in the world.

Abdulaziz Alobaidli, Chief Operating Officer, Masdar, said:

Jinko Solar and JA Solar are preferred suppliers for PV modules amounting to 2.6GW capacity each, with both companies utilizing the latest TopCon technology with optimized parameters for maximum efficiency and production for 30 years.

CATL, as preferred supplier for the BESS, would supply its leading TENER technology for the total capacity of 19GWh, which features all-round safety, a long service life, and a high level of integration, ensuring the reliable, stable operation and high efficiency of the entire project lifetime.

 

The solar PV and BESS facility will provide unparalleled stability and efficiency by overcoming the intermittency of renewable energy. The 19GWh battery storage facility will enable seamless integration of solar power into the grid. This initiative also supports the UAE Energy Strategy 2050, and the facility will play a transformative role in energy systems, ensuring the UAE continues to lead by example in delivering towards the historic UAE Consensus agreed at COP28.

Since its establishment in 2006, Masdar has been a key enabler of the UAE’s vision as a global leader in sustainability and climate action. The company has developed and partnered in projects in over 40 countries, with a mandate to increase its renewable energy portfolio capacity to 100GW by 2030 and to become a leading producer of green hydrogen by the same year.

• UAE’s clean energy leader signs implementation agreement with the Department of Energy and Memorandum of Understanding (MoU) with Board of Investments of the Republic of the Philippines to develop up to 1GW of renewable energy projects by 2030

• Signing ceremony witnessed by HE Dr. Sultan Al Jaber, UAE Minister of Industry and Advanced Technology and Chairman of Masdar, and Raphael P. M. Lotilla, Secretary of Energy of the Philippines, on the sidelines of Abu Dhabi Sustainability Week 2025

• Projects will support Philippines National Renewable Energy Program target of 35% renewable energy in power generation by 2030

Abu Dhabi Future Energy Company PJSC – Masdar, the UAE’s clean energy leader, has announced its entry into the Philippines market, signing agreements with the government of the Philippines to develop 1 gigawatt (GW) of clean energy projects to strengthen its growing portfolio in Southeast Asia.

The Implementation Agreement with the Department of Energy and the Memorandum of Understanding (MoU) with the Board of Investments of the Republic of the Philippines covers the development of solar, wind and battery energy storage systems (BESS) with a total capacity of up to 1GW by 2030.

The signing ceremony of both agreements was witnessed by HE Dr. Sultan Al Jaber, UAE Minister of Industry and Advanced Technology and Chairman of Masdar and Raphael P.M. Lotilla, Secretary of Energy of the Republic of the Philippines. The Implementation Agreement was signed by Undersecretary Dr. Rowena Cristina L. Guevara, Republic of the Philippines Department of Energy, and Masdar’s Chief Executive Officer, Mohamed Jameel Al Ramahi, with the MoU exchanged between the Ambassador of the Republic of the Philippines to the United Arab Emirates, Alfonso Ferdinand A. Ver, and Masdar’s CEO.

The agreement, which will support the Philippines Energy Transition Program to achieve 35 percent renewable energy in power generation by 2030 and 50 percent by 2040, operationalizes the MoU on Energy Transition Cooperation signed in November 2024 between the Philippines and the UAE during the working visit of Philippine President Ferdinand R. Marcos Jr. to the country, which identified renewable energy as an area of collaboration.

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

Raphael P. M. Lotilla, Secretary of Energy at the Philippines Department of Energy, commented:

Secretary Lotilla further emphasized that the landmark partnership underscores the Philippines’ commitment to a clean energy future. By integrating renewable energy into the country’s energy mix on an unprecedented scale, the Administration of President Marcos Jr. is enhancing energy security while laying a strong foundation for sustainable economic growth and environmental stewardship. With Masdar’s support, the Philippines is setting a new benchmark for energy transition in the region.

Ceferino S. Rodolfo, Undersecretary at the Philippines Department of Trade and Industry, and Board of Investments Managing Head, commented:

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

The agreement marks Masdar’s entry into the renewables sector in the Philippines. Southeast Asia is a key investment destination for Masdar. The company has developed the region’s largest floating solar facility in Indonesia – the 145MW Cirata Floating Solar PV plant – which is generating enough electricity to power 50,000 homes. In February 2023, it entered the geothermal energy sector through a strategic investment in Pertamina Geothermal Energy. Masdar also signed a landmark agreement with the Malaysian Investment Development Authority in 2023 for the development of 10GW of clean energy projects across the country.

Since its establishment in 2006, Masdar has been a key enabler of the UAE’s vision as a global leader in sustainability and climate action. The company has developed and partnered in projects in over 40 countries, with a mandate to increase its renewable energy portfolio capacity to 100GW by 2030 and to become a leading producer of green hydrogen by the same year. It has set a target of 1 million tonnes per annum of green hydrogen or equivalent derivatives in the UAE and globally within a decade.

• Masdar’s operational, under construction and advanced pipeline capacity grew from 20GW to 51GW between 2022 and end of 2024.

• Landmark deals in Spain, Greece and the United States also helped double Masdar’s portfolio capacity.

• Masdar deployed close to $8 billion in equity in 2024, in addition to raising over $4.5 billion of project financing across nine countries.

• The UAE clean energy leader successfully developed seven major projects worldwide and inaugurated the largest wind farm in Central Asia.

Abu Dhabi Future Energy Company PJSC – Masdar, the UAE’s clean energy leader – has announced that it has significantly increased its overall renewable energy capacity by 150 percent to 51GW by the end of 2024, up from 20GW in 2022. This achievement establishes Masdar as a global clean energy leader and well on track to achieving its ambitious target of 100GW of renewable energy capacity by 2030.

Masdar’s operational, under construction and advanced pipeline capacity grew from 20GW to 51GW between 2022 and the end of 2024. It comes as Masdar’s portfolio of operational, under construction and committed capacity also rose in just 12 months from 16.5GW to 32.6GW by end of 2024.

In 2024 alone, Masdar deployed close to $8 billion in equity investments and secured more than $4.5 billion of project financing across nine countries, enabling the development of projects totaling over 6.5GW of new capacity. These accomplishments reflect Masdar’s commitment to expanding its renewable energy portfolio while driving the global energy transformation.

Masdar’s growth was advanced by landmark acquisitions in Greece, Spain and the United States, strengthening the company’s presence in Europe and North America, as well as breaking ground on seven major projects worldwide. These included two BESS projects in the UK, two solar projects in Azerbaijan with a combined capacity of 760MW, and the 1.5GW Al Ajban Solar Project in the UAE.

Masdar also announced the financial close of six projects, including the 1.1GW Al Henakiyah Solar Power Plant and multi-utility AMAALA sustainable project in the Kingdom of Saudi Arabia, as well as 760MW solar projects Bilasuvar and Neftchala in Azerbaijan.

Additionally, Masdar signed a Power Purchase Agreement in December 2024 for the 2GW Sadawi project in Saudi Arabia, and inaugurated the 500MW Zarafshan Wind Farm in Uzbekistan, now the largest operation in Central Asia.

The company successfully issued its second green bond, raising $1 billion, with a 4.6x oversubscription underscoring strong investor confidence in Masdar’s vision and performance. It came after Fitch upgraded Masdar’s credit rating to AA- from A+, demonstrating the confidence in the health of the company’s finances.

His Excellency Dr Sultan Ahmed Al Jaber, Chairman of Masdar, said:

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

Since its establishment in 2006, Masdar has been a key enabler of the UAE’s vision as a global leader in sustainability and climate action. The company has developed and partnered in projects in over 40 countries, with a mandate to increase its renewable energy portfolio capacity to 100GW by 2030.

• At opening of ADSW 2025, HE Dr. Al Jaber unveils world’s first renewable and battery storage facility to provide uninterrupted power, at scale, around the clock in Abu Dhabi. Unwavering support of UAE leadership enables breakthrough to “moonshot challenge” of intermittency.

• Masdar and EWEC partner on largest of its kind megaproject combining 5.2GW of Solar PV with 19GW hours of battery storage to produce 1GW of continuous baseload renewable energy.

• Calls for all stakeholders, industries and governments to unite around a single path to unlock growth, drive sustainable economic progress and unleash unprecedented economic opportunity.

• Global megatrends of AI and growth of emerging markets driving power demand from 9,000GW to over 15,000GW by 2035 and could reach 35,000GW by 2050.

• Dr. Al Jaber declares world is at “nexus of next”- a watershed moment that holds the opportunity to supercharge socioeconomic progress driven by megatrends

• Despite gains in renewable energy adoption, surge in global energy demand requires a diversity of energy options.

• Policies and regulations that prematurely reduce energy options are self-defeating. Energy and sustainability are not opposing forces, they are essential partners, Dr. Al Jaber says.

• Abu Dhabi’s XRG will help respond to emerging energy needs across the entire value chain, including gas, chemicals, low carbon fuels and energy infrastructure.

At the opening ceremony of Abu Dhabi Sustainability Week 2025 and the awards ceremony of the Zayed Sustainability Prize, HE Dr. Sultan Al Jaber, UAE Minister of Industry and Advanced Technology and Masdar Chairman, called for a new approach to unlock growth, drive sustainable economic progress and unleash unprecedented economic opportunity. At the first major international event of 2025, he noted that the world stands at a pivotal moment for progress driven by the global megatrends of emerging market growth, exponential rise of Artificial Intelligence and transformation of energy systems. Together these trends will require a diversity of energy sources to supercharge sustainable progress.

H.E. Dr. Al Jaber was speaking in the presence of His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE. Addressing an assembled audience which included 13 heads of state and over 140 ministers and government officials, he highlighted the UAE’s energy leadership - with world firsts and landmark achievements in solar, wind, nuclear, and AI, thanks to the far-sighted guidance of His Highness, the President of the UAE, and the legacy of the UAE’s founding father Shiekh Zayed Al Nahyan.

World stands at a pivotal moment

“As we enter the second quarter of the 21st century, we find ourselves at a pivotal moment. We are standing at the edge of two worlds, the world as we know it, and the world as it could be. This is a moment that I like to call ‘the nexus of next,’” HE Dr. Al Jaber said.

He emphasized that the world was poised at an inflection point driven by three powerful forces: the growth of emerging markets, the fundamental transformation of our energy systems, and the exponential growth of AI; with the potential to not just accelerate progress, but to “put progress into overdrive”.

UAE advancing leadership in energy, space and international diplomacy

HE Dr. Al Jaber said the UAE embodies “the nexus of next” as a nation uniquely positioned at the intersection of tradition and transformation, made possible under the legacy of the founding father of the UAE, Sheikh Zayed. Turning to His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE, Dr Al Jaber continued,

“This legacy of leadership continues to this day. Your Highness, you are constantly inspiring us to break new ground. Under your guidance, we have set records in solar. From the biggest single site power plant to a world-leading desalination plant. We have set the pace in wind, creating wind farms that can operate in rough seas and at low speeds. We have set the bar in nuclear, with all four units of the Barakah plant fully operational. We have set benchmarks in Artificial Intelligence, from the Mohamed bin Zayed University of Artificial Intelligence, the first ever home-grown university entirely dedicated to AI, to strategic investment vehicles like MGX. We have set foot in space, sent a probe to Mars and we are not stopping there. We will soon send a mission to the asteroid belt with the MBR Explorer, and we will map our planet with our own satellite, MBZ-SAT.

“And it was your call for unity that nurtured multilateralism, allowed determination to conquer doubt and brought the world together to deliver the historic UAE consensus at COP28,” HE Dr. Al Jaber added.

Overcoming the barrier of renewable energy intermittency

HE Dr. Sultan noted that intermittency has been for decades one of the biggest barrier facing renewable energy, the ability to source constant power 24 hours a day, but thanks to a record-breaking UAE project, that barrier had been overcome.

“For decades, the biggest barrier facing renewable energy has been intermittency. It has been the moonshot challenge of our time. How can we power a world that never sleeps with energy sources that do? How can we transform renewable resources into reliable power? Today, we have an answer. Excellencies, colleagues and friends, I am pleased to announce the launch of the world’s first renewable energy facility capable of providing renewable energy, at scale, around the clock.

“In partnership with the Emirates Water and Electricity Company, Masdar is combining 5.2GW of solar capacity with 19GW hours of storage to produce 1 GW of uninterrupted clean power. This will, for the first time ever, transform renewable energy into baseload energy,” HE Dr. Sultan added.

Calls for a diversity of energy options to meet the world’s future energy demands

He highlighted the power surge being created by the three global megatrends, and particularly the growth in AI, creating unprecedented demands on power production.

“Before AI took off, power demand was already on track to grow from 9,000 to over 15,000GW by 2035. But with apps like ChatGPT growing by half a billion visits every month and using ten times as much energy as a google search, demand by 2050 could reach as high as 35,000 GW. We are talking about a 250 percent increase. I am sure you would all agree that no single source of energy can meet this demand.”

HE Dr. Al Jaber outlined the need for a diversity of energy options to ensure energy security and energy access for billions. In this regard he noted the newest addition to Abu Dhabi’s diversified energy portfolio, XRG. XRG is an energy investment company that will help respond to emerging energy needs across the entire value chain, including gas, chemicals, low carbon fuels and diverse energy infrastructure to ensure all energy- electrons and molecules- can get to the end user.

“In a world where a billion people still lack access to energy, we need to have a diversity of energy options. And allow me to be clear, policies and regulations that prematurely reduce those options are just self-defeating. Simply put, we need an and-and approach.

Highlighting the Zayed Sustainability Prize that puts people at the heart of progress

HE Dr. Al Jaber emphasized the importance of placing people at the heart of progress for the benefit of lives and livelihoods as embodied by the Zayed Sustainability Prize.

“The nexus of next means putting people at the heart of progress. It means uniting to address global challenges. And it means recognizing that no discovery is worth making unless it helps humanity and improves lives. That is what the Zayed Sustainability Prize is all about. Thanks to the Prize, every day, somewhere in the world, a village drinks clean water for the first time. A child is able to study under solar-powered light. A farmer harvests crops from land that was once barren. This continues the legacy of Sheikh Zayed, who believed that the future we are creating is not just about generating power — it's about empowering people.”

Setting a new path which unlocks growth, driving prosperity and unprecedented economic opportunity

In closing, Dr Sultan appealed for unity in charting a new path and new narrative that unites energy access and sustainability, calling for a new approach and new ways of thinking.

“For too long we have been trapped in a false choice between energy access and sustainability. This 'either-or' thinking is paralyzing progress. It is time to change the narrative. The truth is, energy and sustainability are not opposing forces. They are essential partners. The choice is not between two paths - it's about creating a new path, together. A path that unlocks growth, drives prosperity and unleashes unprecedented economic opportunity. A path that delivers the nexus of next.”

In the presence of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, Abu Dhabi Future Energy Company PJSC – Masdar and Emirates Water and Electricity Company (EWEC) today announced the launch of the world’s first large-scale ‘round the clock’ gigascale project, combining solar power and battery storage in Abu Dhabi.

The launch was announced by His Excellency Dr. Sultan Al Jaber, Minister of Industry and Advanced Technology and Chairman of Masdar, and His Excellency Mohamed Hassan Alsuwaidi, Minister of Investment and Managing Director and Group Chief Executive Officer of ADQ.

The launch marks a pivotal moment in the clean energy transformation, allowing renewable energy to be dispatched 24 hours a day, seven days a week, reaffirming the UAE’s position as a global pioneer in renewable energy deployment.

Delivering up to 1 gigawatt (GW) of baseload power every day generated from renewable energy, it will be the largest combined solar and battery energy storage system (BESS) in the world.

Located in Abu Dhabi, the project will feature a 5.2GW (DC) solar photovoltaic (PV) plant, coupled with a 19 gigawatt-hour (GWh) BESS, setting a global benchmark in clean energy innovation.

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

This initiative demonstrates the remarkable scale and ambition of the UAE's energy transformation, delivering clean energy to power advancements in emerging technologies. The world-leading project reflects the vision and commitment of the UAE leadership in driving socioeconomic and environmental progress.

His Excellency Mohamed Hassan Alsuwaidi, Minister of Investment and Managing Director and Group Chief Executive Officer of ADQ, said,

Othman Al Ali, Chief Executive Officer of EWEC, said,

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

The solar PV and BESS facility will provide unparalleled stability and efficiency by overcoming the intermittency challenges of renewable energy. The 19GWh battery storage facility will enable seamless integration of solar power into the grid.

By integrating state-of-the-art renewable technologies with energy storage solutions, this landmark project exemplifies the UAE's commitment to scaling innovative clean energy solutions to meet evolving energy demands. This initiative also supports the UAE Energy Strategy 2050, and the facility will play a transformative role in energy systems, ensuring the UAE continues to lead by example in delivering towards the historic UAE Consensus agreed at COP28.

• Abu Dhabi Sustainability Week Summit 2025 will convene 13 heads of state, policymakers, business leaders and technology pioneers to explore pathways to fast-tracking the transformation to a sustainable economy

• Under the theme ‘The Nexus of Next. Supercharging Sustainable Progress,’ the Summit will showcase how the convergence of advanced technologies like artificial intelligence and human expertise can supercharge sustainable progress and create a more prosperous future for all

• Heads of state representing Albania, Azerbaijan, Finland, Italy, Kazakhstan, Kenya, Malaysia, Nigeria, Rwanda, Seychelles, Uganda and Uzbekistan among global leaders attending the ADSW Summit to accelerate sustainable development

Under the patronage of His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE, Abu Dhabi Sustainability Week (ADSW) 2025 will convene 13 heads of state and over 140 ministers and government officials alongside business and technology leaders at the ADSW Summit to supercharge socioeconomic and technological progress and unlock a potential $10 trillion economic transformation opportunity.

As the anchor event of ADSW, the ADSW Summit, taking place on January 14-15, will include 34 dedicated sessions with more than 70 speakers, aiming to foster dialogue and collaboration on advancing sustainable development and drive inclusive, impactful action. Held under the ADSW theme – "The Nexus of Next. Supercharging Sustainable Progress" – the Summit will explore how to leverage the convergence of human ingenuity and advanced technologies like artificial intelligence (AI) to deliver a resilient, inclusive and prosperous future.

Heads of state participating in the ADSW Summit include: H.E. Ilham Aliyev, President of Azerbaijan; H.E. Kassym-Jomart Tokayev, President of Kazakhstan; H.E William Ruto, President of Kenya; H.E. Bola Tinubu, President of Nigeria; H.E. Paul Kagame, President of Rwanda; H.E. Wavel Ramkalawan, President of Seychelles; H.E. Yoweri Museveni, President of Uganda; H.E. Shavkat Mirziyoyev, President of Uzbekistan; H.E Edi Rama, Prime Minister of Albania; H.E Petteri Orpo Prime Minister of Finland; H.E. Giorgia Meloni, Prime Minister of Italy; H.E. Anwar Ibrahim, Prime Minister of Malaysia.

His Excellency Dr Sultan Al Jaber, UAE Minister of Industry and Advanced Technology and Chairman of Masdar, said: “Under the theme, ‘The Nexus of Next: Supercharging Sustainable Progress’, ADSW 2025 invites you to discover the unprecedented socioeconomic opportunities that lie on the horizon and stand at the Nexus of Next. ADSW is not just a platform, but a bold call to action to explore and learn how interconnected systems are driving a new era of supercharged progress, unlocking endless possibilities to help build a better tomorrow for all.”

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

As a dynamic hub for collaboration, ADSW Summit’s action-oriented agenda provides a vital platform for collective efforts to address key topics, including the global energy systems transformation, the impact of AI and other emerging technologies, as well as water and food security. The Summit features an engaging program of keynote addresses, panel discussions, and fireside chats to highlight opportunities for sustainable development and unlock opportunities for economic transformation.

The summit will feature high-level discussions on topics such as the reshaping of global investment patterns through the digital-climate nexus, financing for the future, modeling climate risk with big data, innovations in energy storage, and the ripple effects of changing behaviors toward a sustainable future.

Other top-level speakers and panelists for the ADSW Summit 2025 include:

H.E. Razan Al Mubarak, President, IUCN; H.E. Mohamed Al Hammadi, Managing Director and CEO, ENEC; H.E. Saeed Al Remeithi, Group CEO, EMSTEEL; Dr. Mahmoud Mohieldin, Special Envoy for Financing the 2030 Sustainable Development Agenda, United Nations; Musabbeh Al Kaabi, CEO Upstream, ADNOC; Mohamed Jameel Al Ramahi, CEO, Masdar; Øyvind Eriksen, CEO and President, Aker ASA; Himanshu Gupta, CEO and co-founder of ClimateAi; Mr. Mohamed Al Marzooqi, CEO - UAE, HSBC; Lord Adair Turner, Chair of the Energy Transitions Commission; Catherine MacGregor, CEO of Engie; Greg Jackson, CEO of Octopus Energy, among others.

Reflecting ADSW’s commitment to driving sustainability, Emirates Water and Electricity Company (EWEC) is providing this year’s event with Clean Energy Certificates covering the consumption of approximately 305 megawatts (MW) – the required amount to power ADSW 2025 from January 14-16 at ADNEC.

Hosted by Masdar, the UAE’s clean energy leader, ADSW 2025 also features a number of other key events throughout the week, designed to engage all global stakeholders.

Key dates for ADSW 2025 include:

• Emirates Global Aluminium has signed a three-year agreement to be Abu Dhabi Sustainability Week (ADSW) Associate Partner

• ADSW will convene industry and civil society leaders, entrepreneurs, and other key stakeholders to accelerate economic, social, and environmental progress

Abu Dhabi Sustainability Week (ADSW), the global platform for addressing the world’s most pressing sustainability challenges, announced today that Emirates Global Aluminium (EGA), the largest industrial company in the UAE outside oil and gas, has signed a three-year partnership agreement.

Under the agreement, signed by Mohamed Jameel Al Ramahi, Chief Executive Officer of Masdar, and Abdul Nasser Bin Kalban, EGA Chief Executive Officer, EGA will be the ADSW Associate Partner from 2025 to 2027.

ADSW, hosted by Masdar, brings together policymakers, industry and civil society leaders, entrepreneurs, and other key stakeholders to accelerate economic, social, and environmental progress in line with the UAE’s long-term sustainability vision and net-zero objectives. The event will showcase how the convergence of advanced technologies like artificial intelligence (AI), energy and human expertise can supercharge sustainable development and unlock a potential $10 trillion-plus economic opportunity.

As the first major event in the global sustainability calendar, ADSW 2025 – held under the theme “The Nexus of Next. Supercharging Sustainable Progress”– will take place from January 12 to 18 in the UAE capital. ADSW 2025 will feature an engaging program of high-profile sessions, forums, partner-led events and high-level networking opportunities, bringing the global community together to create a sustainable, resilient and inclusive future.

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

Abdulnasser Bin Kalban, Chief Executive Officer of Emirates Global Aluminium, said:

EGA has publicly committed to reaching net zero greenhouse gas emissions by 2050, in line with the UAE Net Zero by 2050 strategic initiative. Last year, EGA implemented a digital system to track greenhouse gas emissions to enhance transparency and accelerate decarbonization, in line with the UAE’s National MRV Transparency System. EGA was also the first company to produce aluminium commercially using solar power, which is marketed under the product name CelestiAL, starting in 2021.

For more information, please visit www.adsw.ae.

Under the patronage of His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE, the 2025 edition of Abu Dhabi Sustainability Week (ADSW) will take place from 12-18 January in Abu Dhabi, bringing together global leaders to accelerate sustainable development and advance socioeconomic progress.

As the first major event in the global sustainability calendar, ADSW 2025, themed ‘The Nexus of Next. Supercharging Sustainable Progress’, will connect and empower policymakers and business and civil society leaders to explore pathways to fast-track the transformation to a sustainable economy and spark a new era of prosperity for all.

The event will showcase how the convergence of advanced technologies including artificial intelligence (AI), energy and human expertise can supercharge sustainable development and unlock a potential US$10 trillion economic transformation opportunity.

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

ADSW 2025 confirmed partners include the Department of Energy (DoE), Abu Dhabi National Oil Company (ADNOC), Emirates Global Aluminium (EGA), EMSTEEL, Dubai Electricity and Water Authority (DEWA), Mubadala, Huawei, GE Vernova, HSBC, Agility, Abu Dhabi Investment Office (ADIO), TotalEnergies, Fertiglobe, 1PointFive, bp, BEEAH, Emirates Water and Electricity Company (EWEC) and Dii Desert Energy.

For more than 15 years, ADSW has provided a global platform to foster multi-stakeholder collaboration to address global challenges and accelerate growth. It has enabled high-value agreements and strategic partnerships between governments, industry leaders, and clean energy pioneers worldwide, driving impactful alliances and advancing the global sustainability agenda.

Standing at the intersection of bold new ideas and action, ADSW 2025 recognizes the need for widescale systemic change, connecting energy, data, finance, trade, and natural ecosystems to drive exponential, sustainable growth. ADSW 2025 will feature an engaging program of high-profile sessions, forums, partner-led events and high-level networking opportunities.

ADSW 2025 begins with the annual IRENA Assembly, taking place on 12 and 13 January, and the Global Climate Finance Annual Meeting on 13 January. The ADSW Opening Ceremony, held at the Abu Dhabi National Exhibition Centre (ADNEC) on Tuesday, 14 January, will set the scene for the week ahead. The ADSW Summit and the Green Hydrogen Summit will convene global leaders for impactful dialogues focused on fostering collaboration, unlocking investment opportunities and enabling cutting-edge partnerships. As one of the key events under ADSW, the World Future Energy Summit will continue to play a critical role in driving business growth and knowledge sharing. Over the years, the World Future Energy Summit has fostered a remarkable number of transactions, with 450 companies exhibiting in 2024. In 2025, the summit will feature the Innovation Hub, providing space for over 55 entrepreneurs and startups to showcase their breakthrough technologies and inventions to the public.

ADSW 2025 will also feature the annual Women in Sustainability, Environment and Renewable Energy (WiSER) forum, amplifying women’s voices in the sustainability debate and will bring 3,500 young people together with its Youth 4 Sustainability (Y4S) Forum and Hub, actively engaging youth in a three-day program designed to empower them to act, innovate and become climate leaders.

The Zayed Sustainability Prize – the UAE’s pioneering award for innovative solutions to global challenges – will also hold a series of events at ADSW 2025, including the Zayed Sustainability Prize Awards Ceremony on 14 January and the Forum & Investor Connect. The Zayed Sustainability Prize honors and empowers those who are spearheading transformative change across the categories of Health, Food, Energy, Water, Climate Action, and Global High Schools. Over the past 16 years, the 117 Prize winners have positively impacted more than 384 million lives worldwide, creating sustainable economic and social development opportunities, and improving access to affordable and reliable energy, safe drinking water, nutritious food and quality healthcare.

Key dates for ADSW 2025 include the IRENA Assembly on 12-13 January, followed by the Global Climate Finance Annual Meeting on 13 January. The ADSW Opening Ceremony and Zayed Sustainability Prize Awards Ceremony will take place on 14 January, while the ADSW Summit will take place on 14-15 January. The World Future Energy Summit, Youth 4 Sustainability (Y4S) Forum and Hub will take place on 14-16 January. 15 January will feature the Women in Sustainability, Environment and Renewable Energy (WiSER) Forum, while 16 January will host the Green Hydrogen Summit, Zayed Sustainability Prize Forum and Investor Connect. The event will conclude with The Festival at Masdar City on 17-18 January.

For more information, please visit www.adsw.ae.

• Masdar has acquired Saeta Yield and partnered with Endesa S.A. in Spain

• UAE’s clean energy leader has acquired Saeta, an established renewables platform with an operating portfolio of 745MW of predominantly wind assets, and a 1.6GW development pipeline in Spain and Portugal, for an enterprise value of €1.2 billion

• Masdar is also partnering with Endesa in Spain in a portfolio of over 2GW of solar assets, and aims to add 0.5GW of battery storage, acquiring 49.99% for an enterprise value of €817 million for this stake

• Landmark deals expand Masdar’s portfolio in Iberian Peninsula and Europe, as company targets global capacity of 100GW by 2030

• Partnership with Endesa S.A. includes regulated renewable assets and long-term power purchase agreements under which Endesa S.A. through a subsidiary, will acquire 100 percent of the energy produced by the solar photovoltaic (PV) assets

Masdar, the UAE’s clean energy leader, has significantly expanded its portfolio in Europe, completing two landmark acquisitions in the Iberian Peninsula to advance its ambitious growth plans.

Masdar acquired Saeta Yield (“Saeta”) from Brookfield Renewable Partners (NYSE: BEP, BEPC; TSX: BEP.UN, BEPC), together with its institutional partners (“Brookfield”), for an enterprise value of €1.2 billion and an equity value of €696 million.

Additionally, Masdar and Endesa S.A. (“Endesa”) finalized a partnership agreement to advance renewable energy initiatives in Europe. Under this agreement, Masdar has acquired a 49.99 percent stake in EGPE Solar for an enterprise value of €817 million, and an equity value of €280 million. EPGE Solar is a subsidiary of Enel Group’s Endesa, which owns a 2 gigawatt (GW) portfolio of operational photovoltaic (PV) assets in Spain.

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

The acquisition of Saeta, an established renewables platform equipped with end-to-end capabilities and strong growth opportunities, strengthens Masdar’s footprint in the Iberian Peninsula. Saeta consists of a portfolio of 745 megawatts (MW) of predominantly wind assets - 538MW of wind assets in Spain, 144MW of wind assets in Portugal and 63MW solar PV assets in Spain - and includes a 1.6GW development pipeline. The transaction excludes a regulated portfolio of 350MW of concentrated solar power assets, which Brookfield will retain and continue to operate.

The partnership with Endesa advances both Spain’s and the EU’s energy transition goals, serving as a strategic steppingstone for future collaboration. Under the terms of the agreement signed on July 25, 2024, Masdar’s investment secures a substantial interest in EGPE Solar, while Enel retains operational control of the company and its assets. The partnership includes long-term power purchase agreements (PPAs) under which Endesa, through a subsidiary, will acquire 100 percent of the energy produced by the photovoltaic assets. Endesa and Masdar aim to add 0.5GW of battery energy storage system (BESS) to the projects.

Masdar’s strategic investments in the Iberian market follow its recent acquisition of a majority share in TERNA ENERGY in Greece in November. Saeta, TERNA ENERGY and the partnership with Endesa will play an important role in enhancing Masdar’s portfolio across Europe as it targets 100GW global capacity by 2030 in support of the energy transition.

Transaction advisors:

Advisors for Endesa transaction:

Masdar has retained BNPP as its transaction advisor, Linklaters as legal advisor, UL as technical advisor, PwC as its tax advisor, and PexaPark as PPA advisor. The acquisition was partially funded via acquisition financing from BNPP, Santander, Intesa, ADCB, FAB and SMBC. Lenders were advised by Ashurst.

Advisors for Saeta transaction:

Masdar has retained Citigroup Global Markets Limited as its transaction advisor, Linklaters as legal advisor, UL as technical advisor and KPMG as its financial and tax advisor.

• Masdar completes acquisition of Saeta, an established renewables platform with an operating portfolio of 745MW of predominantly wind assets, and a 1.6GW development pipeline in Spain and Portugal for an enterprise value of €1.2 billion

• Landmark deal strengthens Masdar’s portfolio in Iberian Peninsula and Europe, as company targets global capacity of 100GW by 2030

Masdar, the UAE’s clean energy leader, has completed the acquisition of Saeta Yield (“Saeta”) from Brookfield Renewable (NYSE: BEP, BEPC; TSX: BEP.UN, BEPC), together with its institutional partners (“Brookfield”), for an implied enterprise value of 1.2 billion euros (equity value of 696 million euros).

The acquisition of Saeta, an established renewables platform equipped with end-to-end capabilities and strong growth opportunities, strengthens Masdar’s footprint in the Iberian Peninsula. Saeta consists of an operating portfolio of 745 megawatts (MW) of predominantly wind assets - 538MW of wind assets in Spain, 144MW of wind assets in Portugal and 63MW solar PV assets in Spain - and includes a 1.6 gigawatt (GW) development pipeline.

The deal demonstrates Masdar’s commitment to accelerating the energy transition on the Iberian Peninsula and Europe, advancing its growth plans in the region as the company targets a global capacity of 100GW by 2030.