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Masdar Closes Deal to Acquire TERNA ENERGY Announces Goal to Supercharge Growth in Greece and Eastern Europe
Abu Dhabi Future Energy Company PJSC – Masdar (“Masdar”), the UAE’s clean energy leader, announced today that it has successfully completed the acquisition of 70% of the outstanding shares of TERNA ENERGY SA (TENERGY.AT) from GEK TERNA SA (GEKTERNA.AT) and other shareholders, and received all regulatory approvals. The deal, agreed at a price of 20 euros per share, valued TERNA ENERGY at an enterprise value of 3.2bn euros, representing the largest ever energy transaction on the Athens Stock Exchange, and one of the largest in the EU renewables industry.
Published on: 28 NOV 2024
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EWEC Announces Partners to Develop 1.5 Gigawatt Solar Project in Abu Dhabi
EWEC (Emirates Water and Electricity Company), a leading company in the integrated coordination of planning, purchasing and supply of water and electricity across the UAE, today announced the award for its 1.5 gigawatt (AC) Al Ajban Solar PV Independent Power Project.
Published on: 26 APR 2024
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Green Hydrogen Summit sets out roadmap to future fuels economy
Abu Dhabi Future Energy Company PJSC – Masdar, the UAE’s clean energy powerhouse, has hailed the conclusion of a highly successful Green Hydrogen Summit focused on accelerating the development of the global green hydrogen economy and supporting the energy transition.
Published on: 19 APR 2024
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Masdar Joins Forces with RWE in £11 billion Investment to Co-develop Massive 3GW Offshore Wind Projects in UK
Abu Dhabi Future Energy Company PJSC – Masdar, the UAE’s clean energy powerhouse, is part of an £11billion investment into the UK’s renewable energy sector and is purchasing a 49 percent stake in RWE’s 3 gigawatt (GW) Dogger Bank South (DBS) projects - which form one of the world’s largest planned offshore wind farms. DBS is capable of powering millions of British homes, reducing emissions and creating up to 3,000 jobs. Closing of the transaction is subject to customary approvals and expected in the first quarter of 2024.
Published on: 01 DEC 2023
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Iberdrola and Masdar sign global alliance to co-invest up to €15 billion in offshore wind and green hydrogen projects in Germany, UK and the USA
Today (5th December) at COP28 in Dubai, global green energy giants Iberdrola and Masdar announced a €15 billion strategic partnership agreement to evaluate the joint development of offshore wind and green hydrogen projects in key markets including Germany, UK and the USA.
Published on: 05 DEC 2023
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Graphene: the building block for a sustainable future
Graphene is an extraordinary substance. A layer of carbon, just one atom thick, yet 200 times stronger than steel, transparent, flexible, highly conductive both thermally and electrically: it has the potential to revolutionize whole industries and our entire built environment. It was first isolated in 2004 to Nobel Prize-winning effect at the University of Manchester and now that potential is starting to bear commercial fruit.
Published on: 15 JUL 2021
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Masdar City launches global initiative - Innovate - ahead of Abu Dhabi Sustainability Week 2022
Masdar City, Abu Dhabi’s only planned and approved R&D cluster and a leading hub for innovation, has launched ‘Innovate’, to identify and nurture the next generation of sustainable technologies. The global initiative will focus on the areas of urban mobility, clean energy, agritech and food security, water, energy storage, and artificial intelligence.
Published on: 16 NOV 2021
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Miral and Emerge to Develop Solar Project on Yas Bay Waterfront
Miral, Abu Dhabi’s leading creator of immersive destinations and experiences, has signed an agreement with Emerge, a joint venture between the UAE’s Masdar and France’s EDF, to develop a 524-kilowatt peak (kWp) solar photovoltaic (PV) project on Yas Bay Waterfront, Abu Dhabi’s vibrant day-to-night dining, entertainment and leisure destination located on Yas Island. The project is designed to offset 450 tonnes of CO2 emissions per year.
Published on: 17 OCT 2023
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Interview with Linda Fitz-Alan, Registrar and Chief Executive - ADGM Courts
As global economies restart and calibrate in the wake of the COVID-19 pandemic, environmental, social and governance (ESG) aspects - and in particular diversity and inclusion, are coming under increased investor scrutiny.
Published on: 23 MAY 2021
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Masdar acquires stake in Montenegro’s first wind farm
Masdar, Abu Dhabi Future Energy Company, today signed a share purchase agreement (SPA) with Akuo Energy, the leading French IPP in renewable energy, to enter into the Krnovo Wind Farm, Montenegro’s first wind energy project.
Published on: 14 JAN 2018
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TAQA, ADNOC, and Mubadala Complete Landmark Transaction for Stake in Masdar Clean Energy Powerhouse
New Masdar outlines ambitious growth plans to bolster position as a global leader in clean energy and green hydrogen
Published on: 08 DEC 2022
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Masdar and DEWA Commit to Support UAE Sustainability Objectives with Partnership Agreement for ADSW and WETEX
Abu Dhabi Sustainability Week (ADSW), the global initiative championed by the UAE and its clean energy powerhouse Masdar to accelerate sustainable development, and Dubai Electricity and Water Authority (DEWA), announced today the signing of a three-year partnership agreement to sponsor ADSW and DEWA’s annual Water, Energy, Technology, and Environment Exhibition (WETEX) and Dubai Solar Show.
Published on: 18 JAN 2023
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Africa Primed to Become Global Green Hydrogen Leader, Landmark Masdar Report Finds
Africa could capture as much as 10 percent of the global green hydrogen market, helping to create up to 3.7 million jobs and adding as much as US$120 billion to the continent’s gross domestic product (GDP), according to a landmark report issued jointly by Masdar and its Abu Dhabi Sustainability Week (ADSW) platform on the sidelines of the 2022 United Nations Climate Change Conference (COP27).
Published on: 11 NOV 2022
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Board of Trustees Annual Meeting Reviews Masdar Institute’s Next Phase Growth Plan
The Board of Trustees of Masdar Institute of Science and Technology, an independent, research-driven graduate-level university focused on advanced energy and sustainable technologies, reviewed the progress of the research-based institution during an annual meeting and approved its next phase growth strategy for the coming years.
Published on: 11 NOV 2013
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Masdar City and Amazon Web Services sign MoU to Stage an International Exchange Sprint of the AWS Clean Energy Accelerator 3.0 Program in the UAE
Masdar City, Abu Dhabi’s pioneering sustainable community and innovation hub, and Amazon Web Services (AWS), have signed a Memorandum of Understanding (MoU) to stage an International Exchange Sprint (IES) in the United Arab Emirates (UAE) as part of the AWS Clean Energy Accelerator 3.0. Locations selected for an AWS Clean Energy Accelerator IES align with geographic hotspots for clean energy technology innovation.
Published on: 14 NOV 2022
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Masdar to bring WFES experience to Asia Future Energy Forum in Singapore
AFEF 2012, “Powering Sustainable Innovation in Asia”, will discuss energy related issues, challenges and opportunities in Asia. AFEF will be the marketplace for the clean, alternative energy suppliers to meet buyers from Asia. It will also be an opportunity to showcase Masdar’s multi-faceted approach towards the acceleration, development and deployment of renewable energy and clean technologies
Published on: 16 JAN 2012
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Khaled bin Mohamed bin Zayed Witnesses Signing of Strategic New Energy Partnership between ADNOC, bp and Masdar to Maximize Hydrogen Opportunities in the Energy Transition
His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, member of the Abu Dhabi Executive Council, Chairman of the Abu Dhabi Executive Office, and Chairman of the Executive Committee of the Board of Directors of Abu Dhabi National Oil Company (ADNOC), has witnessed the signing of a partnership between Abu Dhabi National Oil Company (ADNOC), bp and Masdar to progress their strategic new energy partnership through the development of clean hydrogen and technology hubs, maximizing opportunities of the energy transition.
Published on: 24 MAY 2022
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Masdar and Tonga Sign Mou to Build 500 KW Solar Photovoltaic Power Plant
Masdar will be in charge of the implementation and construction of a 500 KW solar photovoltaic power plant to be installed in Vava’u Island. The project, is financed by a grant provided by Abu Dhabi Fund for Development (ADFD), the solar plant will deliver around 13 percent of Tonga’s annual electricity demand.
Published on: 17 JAN 2012
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HH Gen Sheikh Mohamed Bin Zayed Inaugurates Fifth Edition of World Future Energy Summit
His Highness Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, Deputy Supreme Commander of the Armed Forces of the United Arab Emirates affirmed that - led by His Highness Sheikh Khalifa bin Zayed Al Nahyan, President of the United Arab Emirates - God protect him – The United Arab Emirates is committed to retaining its leading role as a global energy provider through energy diversification including the adoption of renewable energy technologies.
Published on: 11 JAN 2012
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Masdar Achieves Financial Close on Uzbekistan’s First Utility-Scale Wind Farm
Masdar, one of the world’s leading renewable energy companies, announced today that it has achieved financial close on the 500-megawatt (MW) Zarafshan wind project – Uzbekistan’s first utility-scale wind farm.
Published on: 02 SEP 2022
