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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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Masdar’s annual Sustainability Report reveals global portfolio and advanced pipeline capacity grew 58% in 2023
Masdar’s clean energy capacity rose from 20GW in 2022 to 31.5GW in 2023, with operational projects generating 26,702GWh of power, avoiding 14 million tonnes of CO2e
Published on: 04 OCT 2024
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Masdar Accelerates U.S. Renewables Expansion Closes Acquisition of 50% Stake in Terra-Gen
Abu Dhabi Future Energy Company PJSC – Masdar (“Masdar”), the United Arab Emirates’ clean energy powerhouse, today announced the closing of its acquisition of a 50 percent stake in Terra-Gen Power Holdings II, LLC (“Terra-Gen” or “the Company”), one of the largest independent renewable energy producers in the United States, from Energy Capital Partners (“ECP”).
Published on: 01 OCT 2024
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Masdar Signs Agreements With Norwegian Partners To Explore Renewable and Green Hydrogen Opportunities
Abu Dhabi Future Energy Company PJSC – Masdar, the United Arab Emirates’ clean energy powerhouse, has signed agreements with three Norwegian companies that reinforce its longstanding collaborations with the Nordic country.
Published on: 08 OCT 2024
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ADNOC, Masdar and Microsoft Release Powering Possible: AI and Energy for a Sustainable Future
Report highlights how AI is critical for accelerating the net-zero energy transformation by boosting efficiencies, decarbonizing existing systems, and expanding carbon-free energy sources Report draws on insights from over 400 thought leaders in technology, energy and finance, including Jensen Huang, CEO of NVIDIA, Larry Fink, CEO of BlackRock and Patrick Pouyanné, CEO of TotalEnergies Jointly authored report calls for energy sector to accelerate investment in AI to drive decarbonization while securely responding to growing global electricity demand
Published on: 31 OCT 2024
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Etihad Rail and Emerge Sign Landmark Solar Power Deal at Global Rail 2024
Etihad Rail, the developer and operator of the UAE National Rail Network, signed a landmark agreement with Emerge, a joint venture between Abu Dhabi Future Energy Company PJSC - Masdar and EDF Group to solarize the railway network’s freight terminal in Ghuweifat. The total installed capacity is comprised of a 600 kWp ground-mounted solar PV system in addition to a 2.56 MWh battery energy storage system (BESS), and upon completion is expected to generate up to 85% of the terminal's electricity consumption.
Published on: 11 OCT 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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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, 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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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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Masdar and Infinity Power sign agreement for 200MW wind farm in Ras Ghareb
The UAE’s clean energy powerhouse, Masdar, and Infinity Power, have officially signed a Power Purchase Agreement (PPA) with the Egyptian Electricity Transmission Company (EETC) to deliver a long-term supply of renewable energy generated by a landmark onshore wind project, located in Ras Ghareb, Gulf of Suez region.
Published on: 19 AUG 2024
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Masdar set for leading role at World Future Energy Summit
World Future Energy Summit is the world’s leading business event for future energy, clean technology and sustainability, with a packed program of events, activations, discussions and forums.
Published on: 03 APR 2024
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Masdar and EGA form alliance to work together on aluminium decarbonisation and growth through renewables
Abu Dhabi Future Energy Company PJSC – Masdar, one of the world’s largest clean energy companies, and Emirates Global Aluminium (EGA), the largest ‘premium aluminium’ producer in the world, agreed an alliance to work together on aluminium decarbonisation and low-carbon aluminium growth opportunities.
Published on: 17 APR 2024
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EWEC Announces Partners to Develop 1.5 Gigawatt Solar Project in Abu Dhabi
EWEC (Emirates Water and Electricity Company), a leading company in the integrated coordination of planning, purchasing and supply of water and electricity across the UAE, today announced the award for its 1.5 gigawatt (AC) Al Ajban Solar PV Independent Power Project.
Published on: 26 APR 2024
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First wind turbine installed at Baltic Eagle offshore wind farm
The first of a total of fifty wind turbines has been successfully installed at the 476MW Baltic Eagle offshore wind farm, a joint venture between Iberdrola, a world leading clean energy company, and Abu Dhabi Future Energy Company – Masdar, the UAE’s clean energy powerhouse.
Published on: 09 MAY 2024
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Masdar Reinforces Commitment to Indonesia’s Energy Transition at World Water Forum
Masdar, the UAE’s clean energy powerhouse, has signed strategic agreements for new renewable energy projects in Indonesia in support of the country’s energy transition. The agreements reinforce the ongoing partnership between the UAE and Indonesia towards developing the region’s renewables sector, while supporting Indonesia’s current and future energy needs.
Published on: 22 MAY 2024
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UAE and Kazakhstan sign landmark agreements to develop 1GW of renewables capacity
The governments of the United Arab Emirates and the Republic of Kazakhstan today signed an agreement outlining a commitment to co-operation in the development of Kazakhstan’s renewables sector, including through the development of a large-scale wind power project with a 1GW capacity.
Published on: 02 DEC 2023
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Fostering Sustainable Development through international cooperation between Greece and the UAE’s Masdar
Today, at COP28's Greek pavilion, the Ministry of Environment and Energy of the Hellenic Republic and Abu Dhabi Future Energy Company PJSC – Masdar, the UAE’s clean energy powerhouse, signed a preliminary co-operation agreement consolidating Masdar’s commitment to sponsor green infrastructure projects on the picturesque Greek island of Poros aiming at its sustainable transformation, as part of “GR-Eco Islands” Initiative.
Published on: 01 DEC 2023
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Masdar Joins Forces with RWE in £11 billion Investment to Co-develop Massive 3GW Offshore Wind Projects in UK
Abu Dhabi Future Energy Company PJSC – Masdar, the UAE’s clean energy powerhouse, is part of an £11billion investment into the UK’s renewable energy sector and is purchasing a 49 percent stake in RWE’s 3 gigawatt (GW) Dogger Bank South (DBS) projects - which form one of the world’s largest planned offshore wind farms. DBS is capable of powering millions of British homes, reducing emissions and creating up to 3,000 jobs. Closing of the transaction is subject to customary approvals and expected in the first quarter of 2024.
Published on: 01 DEC 2023
