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Masdar to Develop 5 GW of Renewable Energy Projects to Advance Africa’s Clean Energy Objectives
Masdar has demonstrated its commitment to helping African nations in their clean energy transition by signing agreements at Abu Dhabi Sustainability Week (ADSW) 2023 with three countries – Angola, Uganda and Zambia – to develop renewable energy projects with a combined capacity of up to 5 gigawatts (GW).
Published on: 19 JAN 2023
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Infinity Power signs MOU with Copelouzos Group to Jointly Develop Renewable Energy Projects
Copelouzos Group, through its subsidiary companies DAMCO ENERGY and ELICA MEDITERRANEAN INTERCONNECTION, and Infinity Power, a joint venture between Masdar (Abu Dhabi Future Energy Company) and Egypt’s Infinity, have signed a Memorandum of Understanding in order to access, on a non-exclusive basis, the possibility of jointly developing renewable energy projects that will provide GREGY electrical interconnection with a source of green energy.
Published on: 17 MAY 2023
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Masdar Expands Presence in US with Completion of Acquisition of Big Beau Project Stake from EDF Renewables North America
Masdar, one of the world’s fastest-growing clean energy companies, has further expanded its presence in the United States’ renewables market after closing the acquisition of a 50 percent stake in a combined solar and battery storage project from EDF Renewables North America.
Published on: 12 APR 2023
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Masdar Achieves Financial Close on Three Solar Projects in Uzbekistan
Financing for the projects is being provided by the Asian Development Bank (ADB), Asian Infrastructure Investment Bank (AIIB), the European Bank for Reconstruction and Development (EBRD), and the European Investment Bank (EIB). The Dutch Entrepreneurial Development Bank, FMO, and ILX are acting as B loan participants.
Published on: 06 APR 2023
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Infinity Power Finalizes Acquisition of Lekela Power in Africa’s Biggest Renewable Energy Deal
Infinity Power, a joint venture between Egypt’s Infinity and UAE’s Masdar, announced today it has completed the acquisition of the entire shareholding of Lekela Power. The transaction makes Infinity Power the largest renewable energy company on the African continent. Infinity’s key stakeholders include Africa Finance Corporation (AFC) and European Bank for Reconstruction and Development (EBRD).
Published on: 20 MAR 2023
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Masdar and IFC Agree to Explore Ways to Advance Climate Action in Emerging Markets
The collaboration framework was signed by Mohamed Jameel Al Ramahi, Chief Executive Officer, Masdar and Mohamed Gouled, Vice President of Industries at IFC, on the side-lines of the World Government Summit 2023, taking place in Dubai this week. HE Dr Sultan Al Jaber, UAE Minister of Industry and Advanced Technology, COP28 President-Designate, and Masdar Chairman, witnessed the signing, along with Makhtar Diop, Managing Director of IFC.
Published on: 14 FEB 2023
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Masdar Signs Roadmap for up to 1GW Wind Power Project in Kazakhstan
Abu Dhabi Future Energy Company PJSC - Masdar, one of the world's leading clean energy companies, signed a roadmap for developing up to 1 gigawatt (GW) wind power plant in Kazakhstan to support the country's goal of achieving half its energy mix from renewables by 2050.
Published on: 12 JUN 2023
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Masdar solar plant brings light to communities in Belize
Children can study with ease and residents can walk safely at night in rural Belize, thanks to renewable electricity generated by a UAE-funded Masdar project.
Published on: 05 JUN 2023
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Shams celebrates 10 years of powering change
Named after the sun, the Shams solar power project has been a shining light in renewable energy in the Middle East since 2013 and Masdar’s first utility-scale solar project in the region is now celebrating its 10th anniversary this week.
Published on: 16 MAR 2023
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Masdar’s first floating solar power plant creates positive ripples in Indonesia
Developed by Masdar and its partners, this feat of engineering will soon deliver renewable energy to 50,000 homes, cut emissions, and create widespread change in communities.
Published on: 02 AUG 2023
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Masdar Signs Agreement with Austria’s VERBUND to Explore Green Hydrogen Production for Central Europe Market
The MoU was signed at Abu Dhabi Sustainability Week (ADSW) 2023 by Michael Strugl, Chief Executive Officer, VERBUND, and Mohammad Abdelqader El Ramahi, Executive Director, Green Hydrogen, Masdar. As per the agreement, the two companies will cooperate on developing pathways to produce and export green hydrogen to Central Europe, specifically Austria and Southern Germany.
Published on: 08 FEB 2023
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Held under the patronage of Khaled bin Mohamed bin Zayed Masdar’s Youth 4 Sustainability (Y4S) platform returns to Abu Dhabi Sustainability Week
Masdar, one of the world’s leading renewable energy companies and the host of Abu Dhabi Sustainability Week (ADSW), has announced the opening of registration for the 2022 Youth 4 Sustainability (Y4S) forum, a series of youth-led discussions taking place from January 17 – 19 as part of ADSW 2022.
Published on: 13 JAN 2022
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100 MW Solar PV Agreement Marks Masdar’s First Entry into Turkmenistan
Masdar, one of the world’s leading renewable energy companies, has signed a joint development agreement (JDA) with Turkmenenergo State Power Corporation of the Ministry of Energy of Turkmenistan (Turkmenenergo), to develop a 100 megawatt (MWac) solar photovoltaic (PV) plant, which will be the company’s first project in Turkmenistan.
Published on: 22 NOV 2022
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Masdar Signs Agreement to Develop Clean Energy Projects in Kyrgyzstan with 1 GW Capacity
Masdar, one of the world’s leading renewable energy companies, has signed an agreement with the Kyrgyz Republic’s Ministry of Energy to develop a pipeline of renewable projects in the Central Asian nation, with a capacity of up to 1 gigawatt (GW), starting with a 200-megawatt (MW) solar photovoltaic (PV) plant.
Published on: 10 JAN 2023
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ADSW Summit white paper sets out pathway to Net Zero
Abu Dhabi Sustainability Week, the sustainability platform hosted by Masdar, has produced a white paper highlighting some of the key findings from the ADSW Summit 2022, held in January. The Journey to Net Zero reflects the key themes of the event: Global Collaboration & Leadership, Innovation and Technology, and Sustainable Finance.
Published on: 06 APR 2022
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Masdar-led joint venture completes financing to develop Jordan’s largest solar power project
Masdar, Abu Dhabi Future Energy Company, announced at Abu Dhabi Sustainability Week that the financing of the largest solar power plant in the Hashemite Kingdom of Jordan has been completed.
Published on: 16 JAN 2018
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Masdar and Africa50 Join Forces to Accelerate Clean Energy Transition Across Africa
Abu Dhabi Future Energy Company PJSC – Masdar has announced a partnership with Africa50, the pan-African infrastructure investment platform to identify, fast-track and scale clean energy projects across the continent. The UAE’s clean energy champion has signed a memorandum of understanding (MoU) with Africa50 which will work to bridge the infrastructure funding gap and mobilize public and private finance.
Published on: 07 SEP 2023
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Mohammed bin Rashid attends Abu Dhabi Sustainability Week opening ceremony at Expo 2020 Dubai
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, today attended the opening ceremony of Abu Dhabi Sustainability Week (ADSW), the global platform for accelerating sustainability hosted by Masdar – Abu Dhabi Future Energy Company.
Published on: 17 JAN 2022
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COP26 a “fantastic achievement” Masdar CEO tells Forbes Middle East
The recent COP26 climate change conference was successful and represents a “fantastic achievement,” Mohamed Jameel Al Ramahi, Chief Executive Officer of Masdar, told Forbes Middle East in an in-depth interview.
Published on: 16 DEC 2021
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UAE convenes world leaders from policy, business and industry to take climate action and accelerate sustainable development
Abu Dhabi Sustainability Week (ADSW) 2022 taking place from 15 – 19 January, will convene global leaders, including heads of state, policy makers, and international business leaders, as the United Arab Emirates aims to take the agenda global sustainability forward and accelerate pathways to net zero.
Published on: 10 JAN 2022
