Dudgeon wind farm secures GBP1.3 billion project financing

London, UK, May 13, 2016: The developers of one of the world’s largest offshore wind farms announced the limited recourse financing for the project today, having reached financial close in six months. The GBP1.3 billion long-term financing will fund the capital requirements of the 402-megawatt (MW) Dudgeon Offshore Wind Farm, currently under construction 32 kilometres out to sea from the North Norfolk coast of East England.

London Array Proves Viability of Large-Scale Renewable Projects

Today marks the two-year anniversary of the inauguration and completion of London Array – the world’s largest offshore wind farm. The sophisticated, 630-megawatt wind power project – and Masdar’s largest international investment to date – continues to deliver clean and reliable energy to more than half-a-million homes throughout the United Kingdom.

More UAE residents soon to call Masdar City home as Leonardo Residences officially breaks ground

Residential apartments now under construction at Masdar City in Abu Dhabi will add to the thriving community taking shape at one of the world’s most sustainable urban developments. The senior management of Masdar, Abu Dhabi’s renewable energy company, and of the Abu Dhabi-based property developer Reportage Real Estate marked the official ground-breaking of the 170-unit Leonardo Residences at the City today.

ADEC agreement will drive knowledge economy efforts at Masdar City

Masdar signed a new Memorandum of Understanding (MoU) with the Abu Dhabi Education Council (ADEC) on April 12th 2016, to provide streamlined procedures for the establishment of schools and institutes of higher education at Masdar City.

UAE Announces Four New Renewable Energy Projects in the Pacific under $50m Fund

The United Arab Emirates (UAE) today signed partnership agreements with four new Pacific island countries to deploy renewable energy projects under the US$50 million UAE-Pacific Partnership Fund. Grant funding is provided by the Abu Dhabi Fund for Development (ADFD), with the UAE Ministry of Foreign Affairs managing the initiative and Masdar, Abu Dhabi’s renewable energy company, leading implementation. The solar-powered projects – in the Marshall Islands, Nauru, Palau, and the Solomon Islands – are expected to be completed in 2016. The announcement brings the total number of projects under the fund to date to 10.

CEO Stresses the Commercial Viability of Renewable Energy

Dr. Ahmad Belhoul, Masdar CEO, today delivered the keynote speech at the opening ceremony of the eighth World Future Energy Summit (WFES), a key event as part of Abu Dhabi Sustainability Week. During the keynote, Dr. Belhoul stressed the need to accelerate the adoption of renewable energy as a commercially viable technology to meet the world’s rising demand for electricity.

Women in Sustainability Unite at Abu Dhabi Sustainability Week

3,000 UAE Students Learn about Sustainability at ADSW

More than 3,000 students attended the 2015 Abu Dhabi Sustainability Week (ADSW) held in Abu Dhabi, 17-24 January. Masdar – Abu Dhabi's renewable energy company – is committed to educating children about sustainability and the most recent advancements in clean energy to inspire their interest in science and technology.

Young Emirati to Join Solar Impulse team on Historic Round-the-World Flight

Hasan Al Redaini will join the Solar Impulse 2 (Si2) team on its round-the-world journey set to take-off this March from Abu Dhabi. Si2 is the first solar-powered plane able to fly day and night without a drop of fuel.

Masdar agrees to acquire stakes in two US wind farms

Abu Dhabi, United Arab Emirates; January 15, 2019: The Abu Dhabi Future Energy Company (Masdar), has announced the execution of a share purchase agreement (SPA) to acquire John Laing Group plc’s (John Laing) interest in two wind farms in the United States, marking the first time the Abu Dhabi-based company has invested in renewable energy projects in North America.

Masdar’s Global Clean Energy Achievements to be Showcased During ADSW 2014

Masdar, Abu Dhabi’s renewable energy company, will showcase its past year’s global contribution to clean energy development at the 7th World Future Energy Summit during the Abu Dhabi Sustainability Week (ADSW) – the region’s largest gathering on sustainability. Masdar will use the platform to highlight a year in which it has inaugurated solar and wind projects in the UAE, UK, Seychelles and Mauritania, installing over 750 megawatts of renewable grid capacity in the process.

5 Pacific Countries to Receive Grants from UAE’s $50m Renewable Energy Fund

The United Arab Emirates today signed partnerships with five Pacific island countries to deploy renewable energy projects, financed from the US$50 million UAE-Pacific Partnership Fund. The solar and wind projects – in Fiji, Kiribati, Samoa, Tuvalu and Vanuatu – represent one of the largest capital investments in the region’s clean energy sector. With grant financing from Abu Dhabi Fund for Development (ADFD), project completion is expected in late 2014.

UAE and Denmark Cooperate to Advance Renewable Energy and Sustainability Globally

The United Arab Emirates and the Government of Denmark today signed a strategic framework agreement outlining nine areas of collaboration focused on advancing renewable energy and sustainability globally. The agreement was signed by H.E. Dr. Sultan Al Jaber, UAE minister of state and CEO of Masdar, and Rasmus Helveg Petersen, Danish minister of development cooperation. The signing ceremony was held in the presence of Frederik, Crown Prince of Denmark.

Masdar Achieves Financial Close of London Array Project

Masdar Energy UK, a wholly owned subsidiary of Masdar, Abu Dhabi’s renewable energy company, today announced the completion of a 12 year limited-recourse project financing of up to £266 million for its stake in phase one of London Array. The landmark financing is the first time that a limited-recourse structure has been completed for an unincorporated joint venture within the renewable energy industry.

Indian Ocean Rim Countries Launch Partnership to Accelerate Growth of Renewable Energy Markets

Ministers and senior officials from 25 Indian Ocean Rim Association countries today launched a series of new initiatives to accelerate the deployment of renewable energy throughout the Indian Ocean region.

Turbine installation complete at London Array

With all turbines in place and 55 connected and supplying power to the national grid, the wind farm is on track to be fully operational in Spring 2013. The wind farm has been generating energy since October 2012 when the first turbine began producing power.

Masdar Announces Winner of its International Blogging Contest Focused on Water and Energy Challenges

Masdar announced the winner of its international blogging contest. Masdar initiated the competition to drive international discussion about the interconnected water and energy challenges facing communities around the world. The contest received more than 70 entries and engaged thousands of readers as it sparked worldwide discussion of sustainability issues in advance of Abu Dhabi Sustainability Week (ADSW), the largest gathering on sustainability in the history of the Middle East.

First Eco-Friendly Credit Card Launched in the UAE

Major leading UAE financial institution, First Gulf Bank (FGB), will launch the UAE’s first green Visa Credit Card next week in association with Masdar, Abu Dhabi’s renewable energy company, at the sixth World Future Energy Summit during the Abu Dhabi Sustainability Week. The First Gulf Bank Masdar Card allows members of the community to become more involved in different environmentally sustainable initiatives. The product falls in line within a series of socially geared products that FGB has developed recently.

Queen Rania of Jordan to Speak at Opening Ceremony of Abu Dhabi Sustainability Week

Taking place January 13-17, ADSW is the largest gathering on sustainability in the history of the Middle East and will address the interconnected challenges that affect the global adoption of renewable energy, water security and sustainable development.

Masdar Releases Sustainability Report

Masdar, Abu Dhabi’s renewable energy company, today published its first sustainability report. The report highlights the company’s sustainability milestones and provides a benchmark by which to measure future efforts.