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Masdar to Acquire Saeta from Brookfield for $1.4 Billion
Abu Dhabi Future Energy Company PJSC - Masdar (“Masdar”), the UAE’s clean energy powerhouse, today announced the proposed 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 c. US$1.4 billion (€1.2 billion). Closing of the transaction is subject to customary approvals and is expected to occur around the end of 2024.
Published on: 24 SEP 2024
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Masdar and CMA CGM Sign Strategic Supply Partnership for Long-term Supply of Green Alternative Fuels
Abu Dhabi Future Energy Company PJSC - Masdar, one of the world’s leading renewable energy companies, and CMA CGM Group, a global player in sea, land, air and logistics solutions, have signed a Strategic Supply Partnership (SSP) which will explore the two companies entering long-term green maritime fuels offtake contracts to supply CMA CGM vessels.
Published on: 30 JAN 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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Strata CEO Says Quality Products and Gaining Customers Trust Remain Crucial to Success
Instilling pride by educating employees on quality, changing traditional mindsets and gaining the confidence of customers with world-class products are some of the measures that have brought immense benefits, said Badr Al-Olama, Chief Executive, Strata Manufacturing, an advanced composite aerostructures manufacturing facility , fully owned by Mubadala Development Company.
Published on: 11 FEB 2014
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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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Masdar, EDF Renewables and Nesma Renewable Energy Win Bid for 1,100MW Solar IPP Project in Saudi Arabia
Abu Dhabi Future Energy Company PJSC – Masdar, EDF Renewables and Nesma Company have signed a Power Purchase Agreement (PPA) with the Saudi Power Procurement Company (SPPC) to develop the 1,100 MW Al Henakiyah solar power plant. Once operational, it is expected that the project will power more than 190 thousand homes per year and displace more than 1.8 million tonnes of carbon dioxide annually.
Published on: 07 NOV 2023
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Masdar and Emirates Steel Arkan to develop MENA region’s first green hydrogen-based project to decarbonize the UAE’s hard-to-abate steel sector
Abu Dhabi Future Energy Company PJSC – Masdar, one of the world’s leading renewable energy companies, has partnered with Emirates Steel Arkan, (ADX: EMSTEEL), one of the largest publicly traded steel and building materials manufacturers in the region, to develop an innovative green hydrogen project to decarbonize the hard-to-abate steel sector in the UAE.
Published on: 22 NOV 2023
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Masdar looks to future growth with award of milestone investment grade credit ratings
Moody’s Investor Services and Fitch Ratings have assigned Masdar first-time credit ratings that place it firmly in the investment grade category – a significant milestone for the company.
Published on: 27 SEP 2021
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Masdar and EMSTEEL Announce Successful Pilot Project Using Green Hydrogen to Produce Green Steel
Abu Dhabi Future Energy Company PJSC – Masdar, the UAE’s clean energy powerhouse, and EMSTEEL, the UAE’s largest publicly listed steel and building materials company, have announced the successful completion of a pilot project demonstrating the use of green hydrogen to produce green steel.
Published on: 28 OCT 2024
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Third webinar in WiSER Wisdom Series explores role of science diplomacy in advancing climate action
Science diplomacy is fundamental for furthering international cooperation, mitigating climate change and fulfilling the gender equality agenda, attendees of the third WiSER Wisdom Series heard.
Published on: 21 DEC 2020
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Innovation key to tackle climate change, say panelists on ADSW Web Series
The UAE and the wider region will drive innovative solutions to solve issues related to climate change, panelists on the fourth ASDSW Web Series agreed, with some of the most promising technologies still in early development stages.
Published on: 01 MAR 2021
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World’s first floating offshore wind farm prepares to set sail
An exciting milestone has been reached in the development of the world’s first commercial scale floating wind farm, which on completion will be sited off the coast of Aberdeenshire, Scotland.
Published on: 01 JUL 2017
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Abu Dhabi’s Climate Innovation Exchange to Drive Entrepreneurship and Facilitate Investment
The Climate Innovation Exchange (CLIX), an Abu Dhabi-based global marketplace that connects capital with new innovative concepts, has been officially announced to forge partnerships between entrepreneurs and investors. The initiative aims to drive sustainable climate change solutions through knowledge, innovation and funding and represents a significant new addition to the World Future Energy Summit, which takes place 15-18 January 2018, during Abu Dhabi Sustainability Week.
Published on: 17 OCT 2017
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Masdar and EDF Renewables enter strategic alliance to explore renewable energy opportunities in Israel
Masdar and EDF Renewables announced today that they have signed a strategic agreement to explore renewable energy opportunities in Israel and support the country’s clean-energy objectives.
Published on: 21 JAN 2021
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EDF Group joins consortium developing Phase 3 of MBR Solar Park
EDF Group, via its subsidiary EDF Energies Nouvelles, a market leader in renewable energy electricity, has joined the Masdar-led consortium developing the 800-megawatt (MW) third phase of the Mohammed bin Rashid Al Maktoum Solar Park in Dubai.
Published on: 21 MAR 2017
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Renewable Energy Challenge Hosted at Abu Dhabi Science Festival
“The spirit of innovation and breakthrough ideas can come at any age,” said Dr. Sultan Ahmed Al Jaber, CEO and Managing Director of Masdar, Abu Dhabi’s multifaceted renewable energy company. “We are committed to sparking the curiosity of students to become interested in emerging fields, such as renewable energy and sustainable development. Interactive, hands-on challenges are a good way to motivate students to take an active role in science-based careers – and hopefully become passionate leaders who will continue to advance our social and economic prosperity.”
Published on: 07 OCT 2012
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TAQA and Masdar-led Consortium Announce Financial Closing for the World’s Largest Solar Power Plant
Abu Dhabi National Energy Company (TAQA) and Masdar – alongside partners EDF and JinkoPower – announced today the successful financial closing of the Al Dhafra Solar Photovoltaic (PV) Independent Power Producer (IPP) project.
Published on: 22 DEC 2020
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Global “H20 Minus C02” Desalination Alliance Convenes First Meeting at ADSW 2016
The Global Clean Water Desalination Alliance (GCWDA) held its first meeting on 19 January during Abu Dhabi Sustainability Week. The Masdar-led “H20 minus C02” Alliance was founded on 5 December on the sidelines of the Paris climate change negotiations (COP 21). The Alliance aims to bring together key water desalinationand clean energy stakeholders with the goal to reduce the CO2 emissions of the world’s water desalination. Organisations from 23 countries are members of the Alliance, including the United States, China, Korea, Japan and several European countries.
Published on: 19 JAN 2016
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Masdar is dedicated to providing a sustainable future for all
As the world continues to fight the COVID-19 pandemic, Masdar's priority is the health and well-being of our people and the communities we serve in the UAE and around the world.
Published on: 01 JUN 2020
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Masdar City named world’s most sustainable city
Masdar City has been named the world’s most sustainable city by Cityscape Intelligence. Abdulla Ahmed Balalaa, Acting Executive Director for Sustainable Real Estate at Masdar, was also recognized by the business intelligence firm as one of the one of the most influential figures for sustainable real estate in the Middle East and North Africa (MENA) region.
Published on: 27 APR 2021
