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Masdar and SOCAR Green Achieve Financial Close for 760MW of Solar Projects in Azerbaijan
Abu Dhabi Future Energy Company PJSC – Masdar, the UAE’s clean energy powerhouse, and SOCAR Green, a wholly-owned subsidiary of SOCAR dedicated to sustainable projects, have reached financial close for the 445MW Bilasuvar and 315MW Neftchala solar projects in Azerbaijan.
Published on: 17 NOV 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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Emirates Global Aluminium Commits to Abu Dhabi Sustainability Week as Associate Partner
Abu Dhabi Sustainability Week (ADSW), the global platform for addressing the world’s most pressing sustainability challenges, announced today that Emirates Global Aluminium (EGA), the largest industrial company in the UAE outside oil and gas, has signed a three-year partnership agreement.
Published on: 08 JAN 2025
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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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Masdar and Silk Road Fund Sign Co-investment Agreement for Renewable Energy Projects
Abu Dhabi Future Energy Company PJSC – Masdar, the UAE’s clean energy powerhouse, and China’s Silk Road Fund (SRF) have signed a Memorandum of Understanding (MoU) to explore potential co-investment opportunities in renewable energy projects in Belt and Road Initiative (BRI) countries, primarily in the developing world and global south.
Published on: 22 NOV 2024
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Carbon Intensive Industries Call for Financing to Support Decarbonization
Executives from ‘hard-to-abate’ industries have called for increased financing to support decarbonization efforts, following the release of a landmark report that outlines less than a third believe they have adequate budgets to do so, and over half have not yet set net-zero targets.
Published on: 27 FEB 2023
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Masdar Closes Deal to Acquire TERNA ENERGY Announces Goal to Supercharge Growth in Greece and Eastern Europe
Abu Dhabi Future Energy Company PJSC – Masdar (“Masdar”), the UAE’s clean energy leader, announced today that it has successfully completed the acquisition of 70% of the outstanding shares of TERNA ENERGY SA (TENERGY.AT) from GEK TERNA SA (GEKTERNA.AT) and other shareholders, and received all regulatory approvals. The deal, agreed at a price of 20 euros per share, valued TERNA ENERGY at an enterprise value of 3.2bn euros, representing the largest ever energy transaction on the Athens Stock Exchange, and one of the largest in the EU renewables industry.
Published on: 28 NOV 2024
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President of Uzbekistan inaugurates 500MW Zarafshan wind farm, largest in Central Asia
The President of the Republic of Uzbekistan, His Excellency Shavkat Mirziyoyev, has inaugurated the 500MW Zarafshan wind farm, the largest operating in Central Asia to date, developed by Abu Dhabi Future Energy Company PJSC – Masdar, one of the world’s leading clean energy companies.
Published on: 14 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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Dr. Sultan Al Jaber Unveils ‘World First’ 24/7 Renewables Project; Global Megatrends Call for New Path to Socioeconomic Progress
At the opening ceremony of Abu Dhabi Sustainability Week 2025 and the awards ceremony of the Zayed Sustainability Prize, HE Dr. Sultan Al Jaber, UAE Minister of Industry and Advanced Technology and Masdar Chairman, called for a new approach to unlock growth, drive sustainable economic progress and unleash unprecedented economic opportunity. At the first major international event of 2025, he noted that the world stands at a pivotal moment for progress driven by the global megatrends of emerging market growth, exponential rise of Artificial Intelligence and transformation of energy systems. Together these trends will require a diversity of energy sources to supercharge sustainable progress.
Published on: 14 JAN 2025
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Taiba BESS
The project was announced in 2020. The key applications of the project are stabilize grid, frequency regulation and reactive power support.
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Al Henikayah
A consortium led by Masdar was awarded the 1,100MW Al Henakiyah project, after a successful tender process by SPPC.
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Solomon Islands Solar PV Plant
The one megawatt plant, which was expanded from 600kW following a grant from the New Zealand Ministry of Foreign Affairs and Trade, bolster energy resilience and reduce costs associated with diesel imports
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Renewables
We are active in solar, wind, waste-to-energy, geothermal, energy storage and green hydrogen projects across the world with a generation capacity of over 20 gigawatts, equivalent to displacing 30 million tonnes of carbon dioxide per year.
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United States of America
Masdar leads the way in pioneering sustainable solutions for a cleaner, greener future in America.
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Masdar Advances Floating Solar Leadership with New Indonesia Agreements
Abu Dhabi Future Energy Company PJSC – Masdar, the UAE’s clean energy leader, and PT PLN (Persero), Indonesia’s state-owned electricity company, have signed two agreements that will advance the development of floating solar power projects in Southeast Asia’s largest energy market.
Published on: 11 APR 2025
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Masdar Cements Major European Expansion with Completion of 100% Acquisition of TERNA ENERGY
Abu Dhabi Future Energy Company PJSC – Masdar, the UAE’s clean energy leader and one of the world’s fastest-growing renewable energy companies, announced today that it holds 100 percent of Greece’s TERNA ENERGY SA, following the successful completion of an all-cash mandatory tender offer (MTO) and squeeze-out process for the remaining 30 percent shares of the company at a price of 20 euros per share.
Published on: 10 APR 2025
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ADNOC Distribution Partners with Emerge to Power Abu Dhabi Stations with Solar Energy, Advancing Sustainability and Operational Efficiency
ADNOC Distribution (ISIN: AEA006101017) (Symbol: ADNOCDIST), the UAE’s largest mobility and convenience retailer, announced today the launch of the second phase of its service station solarization program in collaboration with Emerge, a joint venture between Masdar and the EDF Group.
Published on: 21 JAN 2025
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Emerge announces two new agreements and a project inauguration, building on local presence after a record-breaking year
Emerge, a joint venture between UAE’s Masdar and France’s EDF Group, has bolstered its project pipeline and is continuing strong year-on-year growth.
Published on: 24 JAN 2025
