Masdar Green REIT signs green financing commitment with First Abu Dhabi Bank for growth of its portfolio

Masdar City, Masdar’s pioneering sustainable urban development in Abu Dhabi, through its Masdar Green Real Estate Investment Trust (REIT), has signed a financing commitment in the amount of USD$200,000,000, with First Abu Dhabi Bank (FAB) relating to financing of the REIT portfolio to facilitate further acquisitions and portfolio growth. FAB will act as sole mandated lead arranger and bookrunner, green loan coordinator, agent, security agent and account bank for this transaction.

Masdar and PT PJBI form joint venture to drive development of Indonesia’s first floating solar power plant

Masdar and PT PJBI, a subsidiary of Indonesia’s state electricity company PT PLN (Persero), today announced the formation of a joint venture to drive the development of the Cirata Floating Photovoltaic Power Plant – Indonesia’s first floating PV project.

Masdar welcomes new policy to ban single-use plastics in Abu Dhabi

Masdar has welcomed the decision by the Environment Agency – Abu Dhabi (EAD) to ban the use of single-use plastic in Abu Dhabi by 2021.

Masdar to play leading role in CERAWeek 2022

Senior Masdar executives are taking part in CERAWeek 2022, in Houston, Texas next week, as the world’s leading energy conference returns as a physical event for the first time in three years. Masdar is also supporting CERAWeek 2022 as Power Innovator Partner.

Masdar signs agreement with TANESCO to support Tanzania’s clean energy objectives

Masdar has signed an agreement with Tanzania Electric Supply Company Ltd. (TANESCO) to develop renewable energy projects in the East African nation.

Growth of renewables in the Middle East in the spotlight at Milken Institute summit

Masdar’s Chief Financial Officer, Niall Hannigan, joined more than 1,000 global thought leaders, government officials and business leaders at the recent Milken Institute’s 2020 Middle East and Africa Summit in Abu Dhabi.

Masdar signs agreement with Cosmo Energy to explore development of renewable energy projects in Japan

Masdar, one of the world’s leading renewable energy companies, announced today that it has signed an agreement with Cosmo Energy Holdings Co., one of Japan’s largest energy companies, to explore the development of renewable energy initiatives, including offshore wind projects, in Japan.

In the presence of Mohammed bin Rashid, Masdar Signs Agreement with DEWA to deliver sixth phase of world’s largest single-site solar park PV Project

H.H. Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai; witnessed the signing of an agreement between the Dubai Electricity and Water Authority PJSC (DEWA) and Masdar, Abu Dhabi Future Energy Company PJSC, to build and operate the 1,800 megawatt (MW) sixth phase of the landmark Mohammed bin Rashid Al Maktoum Solar Park, costing up to AED5.51 billion.

Masdar is dedicated accelerating sustainable development

Masdar is dedicated to a low-carbon recovery post-COVID-19, according to Yousif Al Ali, Executive Director, Clean Energy.

Masdar launches new sustainable city report

Masdar, in collaboration with The National newspaper, has released a new report, titled People and spaces: the role of urban green spaces in cultivating innovation, sustainability and health and well-being in Arab cities.

Retrofitting existing buildings: a crucial step to net zero

A report by The Intergovernmental Panel on Climate Change (IPCC) last year highlighted that drastic and far reaching action is necessary to limit global temperature rise to 1.5 degrees Celsius – a threshold to avoid the worst impacts of climate change.

Ecothon Plus competition winners announced at the World Energy Congress

Masdar has awarded the winners of the Ecothon Plus competition at the World Energy Congress in Abu Dhabi. The competition was held as part of Masdar’s Future Sustainability Leaders programme. In collaboration with the UAE Emirates Red Crescent, the Ecothon aimed to provide energy-efficient solutions for the UAE-Jordanian Refugee Camp in Marajeeb Al Fhood, Jordan. The camp is operated by Emirates Red Crescent Society and provides humanitarian aid to over 4,000 refugees.

Sustainability Ambassadors programme hosts second Ecothon competition

The Sustainability Ambassadors programme, part of the Youth 4 Sustainability (Y4S) platform, hosted its second Ecothon competition of the year on February 12.

Shams – A journey from heritage to energy

Abu Dhabi’s Al Dhafra region is a source of great pride for the UAE. It represents the roots of the country’s Bedouin heritage, with its desert sands inspiring many a poem and captivating many an explorer.

WiSER white paper highlights impact of artificial intelligence on gender parity in sustainability sector

Partnerships can help sovereign funds operate as climate-aligned investors

Sovereign wealth funds can leverage partnerships to help them bridge “capability gaps” and operate more effectively as climate-aligned investors, according to a new report from the Organisation for Economic Cooperation and Development (OECD) Development Centre. The report cites Mubadala Investment Company’s Masdar as an example of a company that has made partnerships a “core component” of its investment strategy.

Potential of floating solar showcased at PJB Connect 2020

Masdar is supporting its partner PT Pembangkitan Jawa-Bali (PJB) by sponsoring PJB Connect 2020, the virtual electricity exhibition and conference running from October 21 to October 28.

Renewable energy stocks outperforming fossil fuel peers during COVID-19 crisis

Renewable power stocks have outperformed fossil fuels peers both over the past 10 years and during the COVID-19 crisis, according to a new report published by Imperial College Business School in the UK.

Ryse Energy moves to Masdar City to capture US$200 billion off-grid renewables opportunity

Ryse Energy, a global leader in renewable off-grid energy systems with over 4,000 installations across all seven continents, has moved to Masdar City, Abu Dhabi, to expand into new markets and capture the multi-billion dollar market opportunities represented in the off-grid energy space across the globe.

Solar and wind account for 67% of New Power Capacity Added Worldwide in 2019: BNEF

Solar and wind power accounted for over two-thirds of the 265GW of new capacity installed worldwide in 2019, up from less than a quarter of new build in 2010, according to data from BloombergNEF. Photovoltaics (PV) topped all other technologies in new-build terms, with a record 118 gigawatts constructed, and was the most popular technology deployed in a third of nations, the research company said.