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Dudgeon wind farm signs publicly rated landmark project refinancing of GBP1.4 billion
The owners of the Dudgeon wind farm, Equinor, Masdar and China Resources Group have announced the signing of a hybrid refinancing that includes approximately GBP561 million of commercial bank debt and GBP706 million of senior secured notes privately placed with institutional investors, finally maturing in 2032. Both tranches have been oversubscribed, underpinning strong investor interest. The A- (EXP) rating by Fitch reflects efficient operations and robust asset performance.
Published on: 13 DEC 2018
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Masdar joint venture Hywind Scotland exceeds operational milestones in first three months
Abu Dhabi, UAE, February 15, 2018: As the UAE celebrates Innovation Month in February, the developers of Hywind Scotland, the world’s first commercial-scale floating wind farm, have reported better than expected results in the first three months of the project’s operations, with cutting-edge technology playing an important role.
Published on: 14 FEB 2018
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Masdar and Korea Energy Agency to explore renewable energy collaboration and investment
Masdar announced the signing of a memorandum of understanding (MoU) with the Korea Energy Agency (KEA) for renewable energy collaboration and investment between the Republic of Korea and the United Arab Emirates (UAE).
Published on: 26 MAR 2018
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Building on a legacy: Introducing the Zayed Sustainability Prize
The Zayed Future Energy Prize will today become the Zayed Sustainability Prize as part of a strategic move to refocus its mandate. After ten years of successfully promoting renewable energy initiatives across the globe, the Prize will now broaden its focus to affect greater humanitarian impact by supporting a wider range of solutions to the challenges of sustainable development.
Published on: 16 APR 2018
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Zayed Sustainability Prize 2020 submissions up 13 per cent
Following its 11th annual awards ceremony, held in January, the Zayed Sustainability Prize, the UAE's pioneering global award in sustainability, entered a four-month submissions phase for the 2020 awards, which closed on 30th May with a record 2,373 completed submissions; a 13 per cent increase over the previous year.
Published on: 26 JUN 2019
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Indian youth say solar power is the energy of the future
Two-thirds of young Indian adults believe solar power should be the priority future energy source for their country, with wind power (56%) and hydroelectricity (37%) ranked second and third most important, respectively.
Published on: 03 JAN 2017
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Competition to design sustainable mobility solutions serving Masdar City launched at ADSW 2017
Masdar, Abu Dhabi’s renewable energy company, is inviting selected industry specialists to develop the next phase of the driverless vehicle transit network serving Masdar City, Abu Dhabi’s flagship sustainable urban development.
Published on: 13 JAN 2017
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HH Sheikh Mohammed Bin Zayed Al Nahyan Honours 2017 Winners of Zayed Future Energy Prize
His Highness Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, presented the Zayed Future Energy Prize to nine winners during the 2017 awards ceremony in Abu Dhabi today, in the presence of six heads of state.
Published on: 15 JAN 2017
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HH Mohammed bin Zayed attends Opening Ceremony of ADSW
His Highness Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the United Arab Emirates Armed Forces, attended the Opening Ceremony of Abu Dhabi Sustainability Week (ADSW) and the 10th World Future Energy Summit today.
Published on: 15 JAN 2017
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Masdar takes 25% stake in world’s first floating offshore wind farm
Masdar, Abu Dhabi’s renewable energy company, has acquired a stake in Hywind Scotland, a 30-megawatt (MW) floating offshore pilot wind farm in the North Sea, it was announced at an official ceremony during Abu Dhabi Sustainability Week 2017.
Published on: 16 JAN 2017
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UAE launches US$50 million renewable energy fund for the Caribbean
The United Arab Emirates (UAE) today announced a landmark new US$50 million grant fund for renewable energy projects in Caribbean island countries. Launched by HE Reem Al Hashimy, Minister of State for International Cooperation, the UAE-Caribbean Renewable Energy Fund represents one of the largest-ever single investments in the region's clean energy sector, as well as a significant deepening of bilateral relationships between the UAE and Caribbean countries.
Published on: 16 JAN 2017
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Masdar and Daewoo E&C partner to develop low energy sustainable desalination technologies
Masdar has signed a strategic agreement with global infrastructure and energy development company Daewoo Engineering & Construction Co., Ltd. to support the commercialization of low-energy reverse osmosis seawater desalination plants in the Middle East, North Africa and Asia.
Published on: 16 JAN 2018
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Cepsa and Masdar join forces to expand their renewables businesses internationally
Cepsa, a global energy company with more than 85 years’ experience, and Masdar, Abu Dhabi Future Energy Company, an international leader in renewables and sustainable urban development, have signed a Memorandum of Understanding (MOU) to explore renewable energy project collaboration, especially wind and solar. Cepsa and Masdar aim to expand their international presence in the renewable energy market through the signing of this agreement.
Published on: 18 JAN 2018
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Masdar and Emirates Post to deliver new postal services for Masdar Free Zone tenants
Masdar, Abu Dhabi Future Energy Company, and Emirates Post – the nations’ leading post and express provider – have announced the signing of a Memorandum of Understanding (MoU), to provide dedicated Emirates Post Business Boxes and postal services for Masdar Free Zone companies.
Published on: 23 APR 2018
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Saint-Gobain’s First Multi Comfort House in the Middle East Breaks Ground at Masdar City
In the presence of HE Dr Thani bin Ahmed Al Zeyoudi, UAE Minister of Climate Change and Environment and Ludovic Pouille, French Ambassador to the UAE, Pierre-André de Chalendar, Chairman and Chief Executive Officer (CEO) of Saint-Gobain, and Mohamed Jameel Al Ramahi, CEO of Masdar (Abu Dhabi Future Energy Company), conducted today’s foundation stone laying ceremony.
Published on: 13 MAY 2018
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Masdar Awards Contracts for Advanced Energy-Efficient Desalination Pilot Project
Abu Dhabi, UAE – 5 May, 2014: Masdar today awardedfour companies – Abengoa, Degrémont, Sidem/Veolia and Trevi Systems – withcontracts to each start the construction of a desalination plant as part ofMasdar’s pilot project in Abu Dhabi. First announced in January 2013, theproject aims to develop and demonstrate energy-efficient seawater desalinationtechnologies efficient enough to be powered by renewable energy. The newtechnologies are expected to allow the implementation of cost-competitivelarge-scale seawater desalination plants powered by renewable energy in the UAEand abroad.
Published on: 04 MAY 2014
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Masdar to join global leaders at the forefront of clean energy at 18th annual WETEX exhibition
Masdar, Abu Dhabi’s renewable energy company, is on track to achieve double-digit annual growth in its clean energy portfolio between now and 2020, in line with industry demand, with a pipeline of ambitious projects underway in both solar and wind.
Published on: 04 OCT 2016
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Masdar concludes Power Purchasing Agreement to build Jordan’s largest solar power plant
Masdar, Abu Dhabi’s renewable energy company, has completed a key step in the development of the largest solar power plant in the Hashemite Kingdom of Jordan. The Power Purchasing Agreement (PPA) for a 200-megawatt (MW) photovoltaic (PV) plant was signed today by Mohamed Al Ramahi, Chief Executive Officer of Masdar, and Abdul Fattah Daradkeh, Chief Executive Officer of National Electric Power Company, Jordan’s state electricity provider, at a ceremony in Amman attended by His Excellency Dr Hani Al Mulqi, Prime Minister of Jordan.
Published on: 23 OCT 2016
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Masdar City Launches Autonomous Vehicle Service
Masdar City, Abu Dhabi’s flagship sustainable urban development, has embarked on the next phase of its sustainable mobility network with today’s formal unveiling of its first NAVYA autonomous vehicle.
Published on: 22 OCT 2018
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Free Zone encouraging entrepreneurship and Abu Dhabi private sector growth
Masdar City in Abu Dhabi, one of the world’s most sustainable urban developments, is widely associated with the Masdar Institute of Science and Technology, the world’s first graduate-level university focused on advanced energy and sustainable technologies.
Published on: 06 APR 2016
