Masdar advances UAE-Europe energy partnership with strategic agreements signed during Germany State Visit

• 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.