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Masdar Expands Solar and Wind Portfolio in Europe | Two Landmark Acquisitions Closed in Iberian Peninsula
Masdar, the UAE’s clean energy leader, has significantly expanded its portfolio in Europe, completing two landmark acquisitions in the Iberian Peninsula to advance its ambitious growth plans.
Published on: 23 DEC 2024
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Innovative approach enables Sheringham Shoal and Dudgeon Extension Projects to progress as a joint development
Partners have agreed to bring the two projects under a joint ownership structure in one legal entity, subject to regulatory approvals being obtained before closing. The projects are extensions to the operational Sheringham Shoal and Dudgeon Offshore Wind Farms, which currently power around 710,000 UK homes.
Published on: 17 DEC 2024
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Masdar Closes Saeta Acquisition to Strengthen Footprint in Iberian Peninsula
Masdar, the UAE’s clean energy leader, has completed the acquisition of Saeta Yield (“Saeta”) from Brookfield Renewable (NYSE: BEP, BEPC; TSX: BEP.UN, BEPC), together with its institutional partners (“Brookfield”), for an implied enterprise value of 1.2 billion euros (equity value of 696 million euros).
Published on: 20 DEC 2024
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Masdar Raises USD1 Billion Through Second Green Bond to Fund New Global Renewables Projects
Abu Dhabi Future Energy Company PJSC – Masdar, the UAE’s clean energy powerhouse, today announced it has successfully raised USD1 billion through its second green bond issuance, under its Green Finance Framework. The announcement comes one year after the company’s first successful issuance of USD750 million on the International Securities Market of the London Stock Exchange.
Published on: 19 JUL 2024
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SNOC and Emerge Break Ground on Largest Solar Plant in Sharjah
The Emirate of Sharjah oil and gas industry leader, Sharjah National Oil Corporation (SNOC), and Emerge Limited, a joint venture between Masdar and the EDF Group, celebrated a significant milestone today with the groundbreaking ceremony for the largest solar installation in Sharjah to date.
Published on: 08 JUL 2024
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Masdar's Garadagh solar plant ignites inspiration and innovation in Azerbaijan
For Rajab Huseynli and his proud farming family in the Gobustan area of Azerbaijan, “Energy is everything.” When he saw the Garadagh solar PV plant that Masdar developed in partnership with the Republic of Azerbaijan, the project “inspired us to do something important for our world,” Huseynli says.
Published on: 29 AUG 2024
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Youth 4 Sustainability Opens Applications for 2025. Global initiative Provides Training and Mentorship to Future Sustainability Leaders
Under the patronage of His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, Masdar’s Youth 4 Sustainability (Y4S) has announced the opening of registration for its 2025 program.
Published on: 23 SEP 2024
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Masdar and Taaleri Reach Financial Close on Serbia 154MW Čibuk 2 Wind Farm
The financial close agreement was signed at a special ceremony on the sidelines of RES Serbia 2024 in the presence of Serbia’s Minister of Mining and Energy, Dubravka Djedović Handanović, Masdar’s Chief Executive Officer, Mohamed Jameel Al Ramahi, Taaleri’s Group CEO, Peter Ramsay and Taaleri Energia Managing Director, Kai Rintala.
Published on: 23 SEP 2024
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WiSER Pioneers Program Opens for Applications
Women in Sustainability, Environment, and Renewable Energy (WiSER) – a global initiative established by the UAE’s two leading sustainability champions, Masdar and the Zayed Sustainability Prize – has opened applications for its 2025 WiSER Pioneers Program.
Published on: 13 SEP 2024
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EDF Renewables, Korea Western Power Co (KOWEPO) and Masdar announce Financial Close of Al Ajban Solar PV project in Abu Dhabi, one of the World’s Largest Solar Power Plants launched by EWEC
The project company, led by EDF Renewables and Korea Western Power (KOWEPO), alongside their partner Abu Dhabi Future Energy Company PJSC – Masdar, announced today the successful financial closing of the 1.5 gigawatt (GW) AC Al Ajban Solar Photovoltaic (PV) Independent Power Producer (IPP) project in the Emirate of Abu Dhabi.
Published on: 17 SEP 2024
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EDF Group and Masdar-Led Consortium Achieves Financial Close on its Multi-Utilities Infrastructure Facility at AMAALA Tourism Destination In KSA
The consortium led by EDF Group and Masdar, alongside their partners Korea East-West Power Co. (EWP) and SUEZ, announced today that it has reached the financial close for its multi-utilities infrastructure facility at AMAALA. The overall project build cost is approximately 1.5 billion USD. Developed by Red Sea Global, AMAALA is a new destination with wellness at its core, nestled along the Red Sea coast of the Kingdom of Saudi Arabia and expected to start welcoming guests in 2025.
Published on: 31 OCT 2024
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Daimler Truck and Masdar explore liquid green hydrogen supply options to decarbonize road freight transport in Europe
Abu Dhabi Future Energy Company PJSC – Masdar, the UAE’s clean energy powerhouse, and Daimler Truck Holding AG (“Daimler Truck”), one of the world’s leading commercial vehicle manufacturers, have signed a Memorandum of Understanding (MoU) to explore the feasibility of liquid green hydrogen exports from Abu Dhabi (UAE) to Europe by 2030.
Published on: 25 JAN 2024
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UAE-Caribbean Renewable Energy Fund Celebrates Inauguration of Hurricane-Resistant Power Plant on Antigua and Barbuda
The UAE-Caribbean Renewable Energy Fund (UAE-CREF), announced that the hurricane-resistant power project developed by Masdar for Antigua and Barbuda to withstand even the fiercest winds, is now operational.
Published on: 11 MAR 2024
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UAE Ministry of Defence and Masdar Sign Partnership Agreement to Develop Multi-Solar Plants Across Abu Dhabi
The UAE Ministry of Defence and Abu Dhabi Future Energy Company PJSC – Masdar, have signed a Partnership Agreement to develop multi-solar plants across Abu Dhabi.
Published on: 07 MAR 2024
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Masdar reaches close on financing for 476MW Baltic Eagle Offshore Wind Project
Abu Dhabi Future Energy Company – Masdar, the UAE’s clean energy powerhouse, has achieved close on the financing of its 49 percent shareholding in the 476MW Baltic Eagle wind farm, located in the Baltic Sea off the coast of Germany.
Published on: 15 MAR 2024
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Masdar to Acquire 50% Stake in Terra-Gen from Energy Capital Partners
Abu Dhabi Future Energy Company PJSC – Masdar (“Masdar”), the United Arab Emirates’ clean energy powerhouse, today announced that it has signed a definitive agreement to acquire a 50 percent stake in Terra-Gen Power Holdings II, LLC (“Terra-Gen”), one of the largest independent renewable energy power producers in the United States, from Energy Capital Partners (“ECP”).
Published on: 19 MAR 2024
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Major Milestone Reached for 1GW Wind Farm in Kazakhstan
Abu Dhabi Future Energy Company PJSC – Masdar, the UAE’s clean energy powerhouse, and its partners, have reached a significant milestone in the development of their 1GW windfarm in Kazakhstan, with the signing of the project’s Investment Agreement.
Published on: 12 NOV 2024
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Masdar and KESH Sign Agreement to Explore Renewable Energy Joint Venture in Albania
Abu Dhabi Future Energy Company PJSC (Masdar) and Korporata Elektroenergjitike Shqiptare (KESH) – Albania Power Corporation - have signed a joint venture term sheet agreement to explore the development of gigawatt-scale renewable projects in Albania.
Published on: 13 NOV 2024
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ADNOC and Masdar Collaborate with Microsoft to Drive AI Deployment and Low-Carbon Solutions
ADNOC and Abu Dhabi Future Energy Company (Masdar) announced today the signing of a Strategic Collaboration Agreement (SCA) with Microsoft on a range of artificial intelligence (AI) and low-carbon initiatives in the UAE and globally aimed at decarbonizing the energy system of today and enabling a sustainable energy system for the future. The announcement was made at ADIPEC which is currently taking place in Abu Dhabi.
Published on: 05 NOV 2024
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WiSER Pioneers tackle climate challenges in water-stressed Morocco
Women in Sustainability, Environment, and Renewable Energy (WiSER) - a global initiative established by the UAE’s two leading sustainability champions, Masdar and the Zayed Sustainability Prize - has successfully completed the latest instalment of its WiSER Cares program.
Published on: 19 JUN 2024
