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Masdar and Red Crescent Sign Agreement to Provide Humanitarian Assistance with Renewable Energy
Masdar and the UAE Red Crescent Authority yesterday signed a framework agreement to develop renewable energy solutions that will provide humanitarian relief to people across the world who lack basic services, such as electricity and water. The ultimate goal of the agreement is to provide for the development, building and commissioning of several renewable energy projects, along with associated applications such as solar home systems, solar water pumping systems and solar desalination. The agreement also provides for Masdar to be appointed as the exclusive “Program Management Consultant” for renewable energy projects that will be deployed to regions where the Red Crescent already provides other forms of humanitarian assistance.
Published on: 30 JUN 2013
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Tony Blair addresses UAE-UK Hosted Climate Finance Roundtable in New York City
“The finance sector is an indispensable partner in the future success of clean energy,” said Mr. Tony Blair, former Prime Minister of the United Kingdom. “During the time that I have worked to advance solutions to climate change I have seen an important shift from high level policy discussions to practical solutions on the ground.” He pointed to the UAE as one of the leaders in this transition.
Published on: 26 SEP 2013
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UAE’s first waste-to-energy project receives landmark award for first-of-its-kind financing loan
Bee’ah, the Middle East’s sustainability pioneer, and Masdar, the Abu Dhabi Future Energy Company, were recognized as the winners of the Structured Loan Deal of the Year Award at the Bonds, Loans & Sukuk Middle East Awards for their financing of the UAE’s first waste-to-energy project. The award was presented during a ceremony held on the 6th of November 2018, as part of the prestigious Project, ECA & Structured Finance Conference conducted in Dubai.
Published on: 10 NOV 2018
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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 Signs Region’s First Green Revolving Credit Facility to Drive Sustainability Goals
Abu Dhabi; September 2018 - Masdar, Abu Dhabi Future Energy Company, has signed a green revolving credit facility (RCF) with four local and international banks to provide funding for new and ongoing investments in its global clean technology and sustainable real estate projects.
Published on: 10 OCT 2018
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Masdar partners with UAE Office for Food Security
The UAE Office for Future Food Security and Masdar have announced a strategic partnership to enhance food security in the UAE. The collaboration aims to address future challenges by developing joint initiatives that enhance the country's capacity and competitiveness in critical sectors related to future food security.
Published on: 29 JUL 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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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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Solar power – a primer
The energy that the Earth receives from the Sun in just one hour is equal to the total amount of energy consumed by humans in one year. Part of this energy can be converted into electricity by photovoltaic systems. The basic unit of these systems is the light-absorbing solar cell, also called a photovoltaic (PV) cell. Conventional solar cells contain a rigid semiconductor wafer made of crystalline silicon as the PV material, although other PV materials are now in use as well.
Published on: 26 JUN 2019
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Masdar and European Investment Bank Working Together to Accelerate Renewable Energy Development in ME
Masdar, Abu Dhabi’s renewable energy company, today announced plans to collaborate with the European Investment Bank (EIB) – the financial arm of the European Union – to accelerate the development of clean energy projects in parts of the Middle East and North Africa. The framework agreement, signed during Abu Dhabi Sustainability Week, allows Masdar and EIB to jointly identify investment opportunities to develop and finance renewable energy projects.
Published on: 20 JAN 2014
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Masdar Signs Cooperative Framework with Energias de Portugal
Masdar today signed a framework agreement with Energias De Portugal (EDP), Portugal’s largest utility company, to explore opportunities to deploy large-scale renewable energy projects and promote renewables as source of foreign aid. The agreement was signed by Jorge Cruz Morais, director-general of EDP Internacional and H.E Dr. Sultan Al Jaber, CEO of Masdar, during the seventh World Future Energy Summit, a global platform that addresses the future of renewable energy and sustainable development in the Middle East and the world.
Published on: 21 JAN 2014
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Two-Day Sustainability Festival at Masdar City Opens Tomorrow
Masdar City’s two-day sustainability festival will get underway tomorrow, marking the end of the second edition of Abu Dhabi Sustainability Week (ADSW). The Festival at Masdar City will be an opportunity for the community to spend a fun, educational weekend in one of the world’s most sustainable cities. Open from 11am to 8pm and ending on Saturday, the event is expected to attract thousands of local residents eager to learn more about living sustainably.
Published on: 22 JAN 2014
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UAE to Host High-Level Meeting in May Leading up to the UN Secretary-General’s Climate Summit
A special two-day high- level meeting will be held from 4-5 May in Abu Dhabi, United Arab Emirates, to encourage announcements of greater action and ambition by world leaders at the Secretary-General’s Climate Summit in September, UN Secretary-General Ban Ki-moon and United Arab Emirates Minister of State and Special Envoy for Energy and Climate Change, Dr. Sultan Al Jaber, announced today.
Published on: 04 FEB 2014
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ADSW Set to Drive Business Opportunities as Investment in Renewables Reaches Record High
The 2017 edition of Abu Dhabi Sustainability Week (ADSW) is on track to be the most important in the event’s history for driving commercially focused action, said industry leaders at a press event.
Published on: 11 DEC 2016
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President of Costa Rica to speak during Abu Dhabi Sustainability Week
His Excellency Luis Guillermo Solis, President of the Republic of Costa Rica, will discuss the future of sustainable development and reflect on his nation’s success in adopting renewable energy during a presidential address during Abu Dhabi Sustainability Week (ADSW) 2017.
Published on: 01 JAN 2017
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The Festival at Masdar City brings fun and games to sustainability for fourth consecutive year
The Festival at Masdar City, part of Abu Dhabi Sustainability Week (ADSW), returns for the fourth straight year from January 20-21. The two-day fair is an opportunity for UAE residents and visitors to spend a fun educational weekend at one of the world’s most sustainable cities.
Published on: 11 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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Masdar signs cooperation agreement with Qatar Electricity & Water Company and Nebras Power
Masdar, Abu Dhabi’s renewable energy company, has signed a Cooperation Agreement with Qatar Electricity & Water Company (QEWC) and Nebras Power at Abu Dhabi Sustainability Week to develop renewable and sustainable energy projects.
Published on: 16 JAN 2017
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Masdar and Statoil collaborate to explore potential of battery storage solution at Hywind Scotland
Masdar, Abu Dhabi Future Energy Company, has announced the signing of a collaborative agreement with Norwegian multinational oil and gas company Statoil to analyse data from “Batwind” – the integrated energy storage system designed to store energy generated by Hywind Scotland, the first commercial-scale floating wind farm that was inaugurated by the two companies last October – and explore the battery’s potential for further applications and business opportunities.
Published on: 16 JAN 2018