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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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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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Masdar, SOCAR Green and ACWA Power Sign MoU to Explore the Development of 3.5GW of Offshore Wind Projects in the Republic of Azerbaijan
Abu Dhabi Future Energy Company PJSC – Masdar, the UAE’s clean energy powerhouse, has signed a Memorandum of Understanding (MoU) with SOCAR Green, a wholly-owned subsidiary of SOCAR dedicated to sustainable projects, and Saudi-listed ACWA Power, the world’s largest private water desalination company, leader in energy transition and first mover into green hydrogen, to develop 3.5 gigawatts (GW) of offshore wind projects in the Azerbaijan section of the Caspian Sea.
Published on: 14 NOV 2024
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President of Azerbaijan Breaks Ground on Masdar 1GW Solar and Wind Projects
Abu Dhabi Future Energy Company PJSC – Masdar, the UAE’s clean energy powerhouse and SOCAR, the State Oil Company of Azerbaijan, have broken ground on three major solar and wind projects in Azerbaijan with a capacity of 1 gigawatt (GW).
Published on: 05 JUN 2024
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Masdar and SOCAR Green Achieve Financial Close for 760MW of Solar Projects in Azerbaijan
Abu Dhabi Future Energy Company PJSC – Masdar, the UAE’s clean energy powerhouse, and SOCAR Green, a wholly-owned subsidiary of SOCAR dedicated to sustainable projects, have reached financial close for the 445MW Bilasuvar and 315MW Neftchala solar projects in Azerbaijan.
Published on: 17 NOV 2024
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Emerge Partners with Dubai Maritime City to Power Staff Accommodation with 1700 Solar PV Modules
Emerge, a joint venture between Masdar and EDF Group, has signed an agreement to install a 980kWp rooftop solar plant for Dubai Maritime City that will offset 780 tonnes of CO2 emissions a year.
Published on: 18 APR 2024
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How Masdar’s solar plant brings hope to Barbuda’s Hurricane victims
Our new Power to Change film takes us to the Caribbean Island of Barbuda, where we meet communities on the front lines of rebuilding their lives in the wake of Hurricane Irma, the Category 5 hurricane that destroyed 95 percent of the island on September 6, 2017.
Published on: 28 MAY 2024
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Masdar’s WiSER Platform Co-hosts Arab Women Leaders’ Summit During COP28 to Address Gender Equality and Climate Action
Women in Sustainability, Environment and Renewable Energy (WiSER) - Masdar’s global initiative that champions women as leaders of sustainable change - will co-host The Arab Women Leaders’ Summit in the Green Zone at COP28 on December 4.
Published on: 29 NOV 2023
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AD Ports Group and Masdar to Explore the Development of a Green Hydrogen Hub Within KEZAD
AD Ports Group (ADX: ADPORTS), a leading facilitator of global trade, logistics, and industry, and Abu Dhabi Future Energy Company PJSC – Masdar, the UAE’s clean energy powerhouse, have announced the signing of a Memorandum of Understanding (MoU) on the sidelines of the UN Climate Change Conference, COP28, in Dubai.
Published on: 12 DEC 2023
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Mumtalakat and Masdar Sign MoU to Drive Clean Energy Initiatives in Bahrain
Bahrain Mumtalakat Holding Company (“Mumtalakat”), the sovereign wealth fund of the Kingdom of Bahrain and Abu Dhabi Future Energy Company PJSC – Masdar, one of the world’s leading renewable energy companies, announced today the signing of a Memorandum of Understanding (MoU) aimed at exploring collaboration opportunities in the development of clean and renewable energy projects in the Kingdom of Bahrain.
Published on: 07 DEC 2023
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Masdar Signs Joint Study Agreement for supply of green hydrogen to the Port of Amsterdam
Masdar, one of the world’s leading clean energy companies, Port of Amsterdam, SkyNRG and Zenith Energy Terminals have signed a Joint Study Agreement (JSA) to assess the feasibility of a dedicated liquefied green hydrogen supply chain for Masdar-produced hydrogen to the port of Amsterdam.
Published on: 06 DEC 2023
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For Antarctica: How do you make solar panels in Antarctica a ground reality?
While it is the coldest place on earth, Antarctica is also the world’s largest desert, almost twice the size of the Sahara.
Published on: 15 JUL 2021
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Masdar and EDF Sign Major Agreement with Government of the Kyrgyz Republic to Develop up to 3.6GW of Hydropower and Renewable Projects
Abu Dhabi Future Energy Company PJSC – Masdar, the UAE’s clean energy powerhouse, and EDF have signed an agreement with the Ministry of Energy of the Kyrgyz Republic to explore the development of hydropower and renewable projects with a combined capacity of up to 3.6 gigawatts (GW).
Published on: 03 DEC 2023
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Masdar signs agreement to develop solar projects in Republic of Iraq with a total capacity of 1 GW
Masdar, one of the world’s leading renewable energy companies, announced today that it signed a strategic agreement with the Republic of Iraq to develop five solar photovoltaic (PV) projects in the country with a combined capacity of 1 gigawatt (GW).
Published on: 07 OCT 2021
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The Abu Dhabi Chamber of Commerce and Industry (ADCCI) signed four agreements with leading national entities to support the growth and prosperity of the private sector in the Emirate of Abu Dhabi
The agreements were signed as part of the Abu Dhabi Chamber’s participation as a supporting partner in the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC), the world’s largest event in the energy and oil sector. ADIPEC is held at the Abu Dhabi National Exhibition Centre between 2-5 October, under the patronage of His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE.
Published on: 04 OCT 2023
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Masdar City start-up launches world’s first thermal energy storage product 100% made from recycled materials
Masdar City-based Seramic Materials, a start-up company supported by accelerator The Catalyst, has developed a unique patented solution to recycle industrial solid waste into a high-temperature thermal energy storage (TES) product – a circular economy solution that both reduces wastage and promotes renewable energy development.
Published on: 21 SEP 2021
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Masdar and Boeing Join Forces to Accelerate the Sustainable Aviation Fuel Industry in the UAE and globally
Abu Dhabi Future Energy Company PJSC – Masdar, one of the world’s largest renewable energy companies and a global leader in green hydrogen, is teaming up with aerospace company Boeing to propel the sustainable aviation fuel (SAF) industry in the United Arab Emirates (UAE) and globally. The partnership aims to further support the commercial aviation industry’s goal of achieving net-zero emissions by 2050.
Published on: 05 OCT 2023
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AQUOVUM, Khalifa University and Masdar launch world’s first solar/thermal energy storage-powered project to extract water from air at Masdar City
The world’s first project to produce commercial volumes of an uninterrupted water supply from a sustainable source, making it carbon free, will launch this month in Masdar City, Abu Dhabi. The innovative pilot project will be run by U.S.-based water technologies company, AQUOVUM, in partnership with Masdar and Khalifa University of Science and Technology, as part of a three-party research and development agreement.
Published on: 01 AUG 2021
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The WiSER Pioneers panel at Middle East Energy explores the role of young women in the energy sector
The importance of providing support to attract more young women into the energy sector was highlighted during a webinar hosted by Masdar’s outreach platform, WiSER (Women in Sustainability, Environment and Renewable Energy), at the Middle East Energy conference in Dubai.
Published on: 22 JUN 2021
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GCC countries could generate US$200 billion from green hydrogen by 2050
GCC countries could generate as much as US$200 billion in revenue from green hydrogen by 2050, with the creation of up to 1 million jobs in the region, according to a new report.
Published on: 07 JUN 2021
