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Masdar Expands Solar and Wind Portfolio in Europe | Two Landmark Acquisitions Closed in Iberian Peninsula
Masdar, the UAE’s clean energy leader, has significantly expanded its portfolio in Europe, completing two landmark acquisitions in the Iberian Peninsula to advance its ambitious growth plans.
Published on: 23 DEC 2024
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Innovative approach enables Sheringham Shoal and Dudgeon Extension Projects to progress as a joint development
Partners have agreed to bring the two projects under a joint ownership structure in one legal entity, subject to regulatory approvals being obtained before closing. The projects are extensions to the operational Sheringham Shoal and Dudgeon Offshore Wind Farms, which currently power around 710,000 UK homes.
Published on: 17 DEC 2024
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Masdar Closes Saeta Acquisition to Strengthen Footprint in Iberian Peninsula
Masdar, the UAE’s clean energy leader, has completed the acquisition of Saeta Yield (“Saeta”) from Brookfield Renewable (NYSE: BEP, BEPC; TSX: BEP.UN, BEPC), together with its institutional partners (“Brookfield”), for an implied enterprise value of 1.2 billion euros (equity value of 696 million euros).
Published on: 20 DEC 2024
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Masdar Partners with Endesa in €1.7 Billion Renewable Energy Transaction in Spain
Abu Dhabi Future Energy Company PJSC – Masdar (“Masdar”), the UAE’s clean energy leader, announced today that it has reached an agreement with Endesa S.A. (“Endesa”) to become a partner for 2.5 gigawatts (GW) of renewable energy assets in Spain, subject to regulatory approvals and other conditions.
Published on: 25 JUL 2024
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Masdar's Garadagh solar plant ignites inspiration and innovation in Azerbaijan
For Rajab Huseynli and his proud farming family in the Gobustan area of Azerbaijan, “Energy is everything.” When he saw the Garadagh solar PV plant that Masdar developed in partnership with the Republic of Azerbaijan, the project “inspired us to do something important for our world,” Huseynli says.
Published on: 29 AUG 2024
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EDF Group and Masdar-Led Consortium Achieves Financial Close on its Multi-Utilities Infrastructure Facility at AMAALA Tourism Destination In KSA
The consortium led by EDF Group and Masdar, alongside their partners Korea East-West Power Co. (EWP) and SUEZ, announced today that it has reached the financial close for its multi-utilities infrastructure facility at AMAALA. The overall project build cost is approximately 1.5 billion USD. Developed by Red Sea Global, AMAALA is a new destination with wellness at its core, nestled along the Red Sea coast of the Kingdom of Saudi Arabia and expected to start welcoming guests in 2025.
Published on: 31 OCT 2024
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DP World and Masdar partner to drive renewable power for port operations
DP World has signed a partnership agreement with Abu Dhabi Future Energy Company (Masdar), a global leader in clean energy, to explore and implement renewable energy systems across DP World's global port operations in the Middle East and Africa.
Published on: 26 FEB 2024
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Masdar finalizes joint investment in 3GW UK Offshore Wind Project
Abu Dhabi Future Energy Company PJSC – Masdar, the UAE’s clean energy powerhouse, has completed its acquisition of a 49 percent shareholding in the 3 gigawatt (GW) Dogger Bank South (DBS) project – one of the world’s largest planned offshore wind farms.
Published on: 29 FEB 2024
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Masdar to explore the development of large-scale pumped storage hydro in Uzbekistan
Abu Dhabi Future Energy Company PJSC – Masdar, the UAE’s clean energy powerhouse, has signed an agreement with JSC Uzbekhydroenergo, Uzbekistan’s state-owned hydroelectric power producer, to assess the feasibility of several pumped storage hydro projects in the country.
Published on: 15 MAR 2024
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Y4S members step up climate action at Expo 2020 Dubai
Youth 4 Sustainability (Y4S) members have spoken of their renewed “motivation” and “enthusiasm” for combating climate change after attending a global gathering of climate activists at Expo 2020 Dubai.
Published on: 03 NOV 2021
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Masdar City Tenant Event Series Kicks Off Virtually
The Masdar City team has kicked off an event series for its City's tenants with an interactive virtual session attended by almost 150 guests.
Published on: 15 NOV 2021
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AGS and WiSER sign MoU to empower women to accelerate sustainable development
Alliances for Global Sustainability (AGS) today entered into a strategic agreement with Women in Sustainability, Environment and Renewable Energy (WiSER), one of Masdar’s international outreach platforms, aiming to inspire women of all ages to play a more active role in addressing global sustainability challenges.
Published on: 16 NOV 2021
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Accelerating energy transitions could create 122 million jobs by 2050
Accelerating energy transitions on a path to climate safety can grow the global economy by 2.4 per cent over the expected growth of current plans within the next decade and create 122 million energy-related jobs by 2050, according to a report from the International Renewable Energy Agency (IRENA).
Published on: 03 AUG 2021
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Masdar celebrates inauguration of landmark 100 MW Nur Navoi Solar project in Uzbekistan
Masdar, a subsidiary of Mubadala Investment Company and one of the world’s leading renewable energy companies, has inaugurated the Nur Navoi Solar Project – Uzbekistan’s first successfully-financed independent power producer (IPP) solar project.
Published on: 28 AUG 2021
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Masdar City Free Zone launches new license options
Masdar City Free Zone has announced the launch of new business package options for new and existing companies based in the region’s hub for innovative sustainable technologies, Masdar City. In line with the recent UAE government announcement to ease the business environment in the UAE, Masdar City Free Zone has introduced the new business package options to further support business growth and development in Abu Dhabi.
Published on: 25 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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Why waste management is crucial for a sustainable future
The world’s population is hurrying towards the 10 billion mark by 2050. With two-thirds projected to live in cities by then, urbanization is a global phenomenon that is a leading factor contributing to municipal solid waste.
Published on: 23 MAY 2021
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Renewable energy capacity must triple by 2030, Masdar Chairman tells CERAWeek
Renewable energy capacity needs to triple by the end of this decade if the world is to meet climate targets, Dr Sultan bin Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology, COP28 President-Designate, and Chairman of Masdar, said in his keynote speech at CERAWeek in Houston, Texas.
Published on: 07 MAR 2023
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Production of sustainable aviation fuel from solid waste
Masdar, ADNOC, bp, Tadweer (Abu Dhabi Waste Management Company) and Etihad Airways announced at Abu Dhabi Sustainability Week (ADSW) 2023 an agreement to conduct a joint feasibility study on exploring the production in the UAE of sustainable aviation fuel (SAF) and other products, such as renewable diesel and naphtha, using municipal solid waste (MSW) and renewable hydrogen.
Published on: 20 JAN 2023
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Emerge Partners with Coca-Cola Al Ahlia Beverages’ on new Solar Project
Emerge, a joint venture between the UAE’s Masdar and France’s EDF, has signed an agreement with Coca-Cola Al Ahlia Beverages, Coca-Cola’s bottler and distributor in the UAE, to develop a 1.8-megawatt (MWp) solar photovoltaic (PV) plant for its Al Ain facility.
Published on: 26 JAN 2023
