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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.
Published on: 14 MAY 2016
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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.
Published on: 04 JUL 2015
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Fire at Masdar Offices Under Control
A fire started at approximately 1:30 am at the temporary Masdar offices on the outskirts of Masdar City. Masdar City and its buildings were not affected by the fire, and no one was injured. The fire caused damage to Block 1 and 2, a section of Masdar’s temporary offices. Abu Dhabi Civil Defence brought the fire under control and is looking into the cause.
Published on: 16 MAY 2015
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Lights On Across Egypt’s Remote Areas as Masdar Delivers Solar Projects
Masdar, Abu Dhabi’s renewable energy company, has completed the delivery of 30 megawatts of utility-scale clean energy projects and 7,000 solar home systems in remote and strategic areas across Egypt. Together, the four clean energy projects developed by Masdar’s Special Projects unit will power 25,800 homes and displace 42,700 tonnes of CO2 annually, as well as advance the development objectives of the Egyptian government.
Published on: 20 APR 2016
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Masdar Passes 10-Year Milestone
Today, Masdar employees and alumni gathered in Masdar City to mark ten years of achievement in advancing the clean energy industry in Abu Dhabi and around the world. Under the banner “Seizing the Next Decade,” participants were invited to reflect on Masdar’s significant and widespread impact to date and the promise of the next ten years, as part of an organisation defined by the spirit of partnership, collaboration and innovation.
Published on: 27 APR 2016
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Global Thought Leaders to Address How Innovation Can Accelerate Sustainable Development
Abu Dhabi Sustainability Week (ADSW) will bring together leading global experts – from academia, industry and government – to address how promoting innovation and cross-sector collaboration can accelerate solutions that tackle energy and water security, climate risk and sustainable development.
Published on: 12 JAN 2015
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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.
Published on: 19 JAN 2015
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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.
Published on: 21 JAN 2015
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‘Blue Economy Summit’ Highlights Importance of Marine Ecosystems in Achieving Global Sustainability
The ‘Blue Economy Summit’ was held today in Abu Dhabi to address the unique climate and sustainably challenges facing Small Island Developing States (SIDS) and marine ecosystems. With over 70 percent of the world’s surface covered by oceans, protecting the health of marine environments is fundamental to protecting the world’s interconnected economies and long-term sustainability.
Published on: 19 JAN 2014
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Masdar Announces Winner of Second International Blogging Contest
Masdar, Abu Dhabi’s renewable energy company, today announced the winner of its annual Engage Blogging Contest. Masdar initiated the competition to drive international discussion about the role cities can have on sustainable development across the world. The contest received 117 entries from six continents and motivated thousands of readers to share their ideas about sustainability across Masdar’s web site, blogs and social media platforms in advance of Abu Dhabi Sustainability Week (ADSW), the largest gathering on sustainability in the Middle East.
Published on: 12 JAN 2014
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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.
Published on: 09 OCT 2013
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Siemens strengthens Middle East presence with new headquarters at Masdar City
Siemens, the global powerhouse in electronics and electrical engineering operating in the energy, infrastructure, industry and healthcare sectors, today inaugurated its new Middle East headquarters at Masdar City – Abu Dhabi’s low-carbon, sustainable city – where Siemens is an anchor tenant. The Siemens building has been designed with sustainable materials and energy efficient technologies, making it the first LEED Platinum certified office in the United Arab Emirates’ capital city. The building has become a benchmark for future projects in the Middle East and beyond, due to the sustainability standards and development methodology used in building it.
Published on: 21 JAN 2014
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Sustainability Festival Attracts Thousands to Masdar City
The Festival at Masdar City – a two-day celebration of sustainability for the whole family, attracted thousands of UAE residents to Abu Dhabi’s low-carbon urban development today. The event, which ends tomorrow, forms part of this year’s Abu Dhabi Sustainability Week – a week-long series of events and conferences dedicated to advancing sustainability.
Published on: 23 JAN 2014
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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.
Published on: 06 JAN 2013
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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.
Published on: 07 JAN 2013
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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.
Published on: 09 JAN 2013
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Argentinian President Cristina Fernández de Kirchner to Deliver Keynote Speech at ADSW 2013
Taking place from January 13-17, ADSW will be the largest sustainability gathering 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.
Published on: 10 JAN 2013
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Crown Prince Inaugurates Abu Dhabi Sustainability Week
Attracting over 30,000 participants from 150 countries, including world leaders, policy makers, thought leaders, decision-makers, experts, scientists, business leaders and academics, the significant platform for international dialogue and cooperation will tackle the world's pressing issues in energy, water and environment, accelerate the global adoption of renewable energy, address water challenges in arid regions, elevate the water - energy nexus topics on the global agenda, and encourage the dialogue between broad industry stakeholders to strengthen strategic partnerships as well as stimulate investment in water, energy and environment projects and empower the young generations and entrepreneurs.
Published on: 14 JAN 2013
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Masdar Signs Framework Agreement with Jordan to Accelerate Renewable Energy Development
The agreement was signed during the sixth World Future Energy Summit (WFES), a global platform that addresses the future of renewable energy and sustainable development in the Middle East and the world. In attendance at the summit was Her Majesty Queen Rania Al Abdullah of Jordan who delivered a keynote speech, underscoring the importance and growing commitment to renewable energy in Jordan and throughout the region.
Published on: 15 JAN 2013
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UAE and New Zealand Sign Partnership Arrangement to Deploy Renewable Energy Project
The UAE Ministry of Foreign Affairs (MOFA), along with Masdar, today signed a partnership arrangement with the New Zealand Ministry of Foreign Affairs and Trade to accelerate the global deployment of renewable energy, particularly in Pacific Island countries. Potential project financing comes from a NZ$65 million (US$54 million) pledge by the New Zealand government and the US$50 million grant UAE-Pacific Partnership Fund, which is endowed by the Abu Dhabi Fund for Development (ADFD). The partnership was signed during Abu Dhabi Sustainability Week, the Middle East’s largest gathering focused on sustainability.
Published on: 20 JAN 2014
