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• Masdar, through its Iberian platform Saeta, has closed an investment agreement for the construction and commissioning of one of the largest solar PV installations in Valencia of 234MW, with a potential BESS hybridization of 259MW

• The deal underscores the strategic value of the Valle Solar project, highlighting Spain’s leading role within the European renewable energy sector

• Latest investment builds on Masdar’s ambitious growth plans in Spain as the company targets 100GW of global clean energy capacity by 2030

Abu Dhabi Future Energy Company PJSC – Masdar (“Masdar”), the UAE’s clean energy leader, announced today the investment through its subsidiary Saeta of one of the largest solar PV projects in Spain’s Valencia region, Valle Solar. This landmark project, initially promoted by the joint venture of Genia Solar Energy and Solar Ventures, is the next step in Masdar's commitment to expansion in Spain, driving growth across the renewable energy sector.

This agreement is a further step towards securing the construction of the plant, which is located in the municipalities of Ayora, Jarafuel and Zarra. It is expected to be operational in the first half of 2027 and will consist of a 234 megawatt (MW) photovoltaic plant, with the potential to add the hybridization of Battery Energy Storage Systems (BESS) of 259MW.

Valle Solar integrates initiatives supporting biodiversity and local communities, showcasing a best-in-class example of integration between local wildlife protection and renewable energy production, reflecting Masdar’s commitment to sustainability and social responsibility.

Masdar is one of the world’s fastest-growing renewable energy companies. The acquisition of Valle Solar by Saeta underscores Masdar’s commitment to Spain's energy transformation, while progressing its growth plans in the Iberian Peninsula and Europe as the company targets a global clean energy portfolio capacity of 100GW by 2030.

The agreement between Saeta Yield, Genia Solar and Solar Ventures establishes Valle Solar as an exemplary model of sustainable development, where clean energy production is combined with respect for the environment and commitment to the community. This project represents a significant step towards decarbonization and the strengthening of the local economy, becoming a benchmark for future initiatives in the field of renewable energies. Furthermore, this investment agreement not only advances the energy sector, but also establishes a model of collaboration that can be replicated in future projects.

In this transaction, Watson Farley & Williams, G-advisory, EY and Finergreen advised Solar Ventures and Genia Solar Energy, and Saeta Yield was advised by Broseta, Solida and Pérez-Llorca.

Alandalus Property Company has signed an agreement with Emerge, a leading renewable energy solutions provider and joint venture between Masdar and EDF Group, to provide solar power to three of its major commercial properties in Riyadh and Jeddah.

The agreement was signed by Eng. Faisal bin Abdulrahman Al-Nasser, CEO of Alandalus Property Company and Mr. Michel Abi Saab, General Manager of Emerge, in the presence of Omar Aldaweesh, CEO Saudi Arabia, EDF Group and Board Director of Emerge KSA, and Aurelien Delahaye, Deputy CEO Middle East, EDF Group.

Under the 10-year agreement, Emerge will finance, design, build and maintain the rooftop solar photovoltaic (PV) installations, with a total capacity of up to 3.4 megawatts peak (MWp), for the Hayat Mall in Riyadh, the Alandalus Mall and Alandalus Mall Hotel in Jeddah.

This partnership aligns with the Saudi Arabia Vision 2030 objective of utilizing renewable energy to reduce environmental impact and represents a significant step forward for Alandalus Property Company in advancing its commitment to environmental, social and governance principles.

Eng. Faisal bin Abdulrahman Al-Nasser, CEO, Alandalus Property Company, said:

Mohamed Jameel Al Ramahi, CEO, Masdar, said:

Omar Aldaweesh, CEO of EDF Saudi Arabia and Board Director of Emerge, said:

Emerge, which trades in Saudi Arabia as Al-Shorouk Sustainable Energy Company, is a joint venture between Masdar, the UAE’s clean energy leader, and France’s EDF Group to develop solar generation, energy storage and hybrid solutions in the Middle East. The company offers clients full turnkey solutions through solar power agreements at no up-front cost to the client. Recognized with multiple awards, it is committed to creating a greener, sustainable future by helping businesses meet their sustainability goals.

Alandalus Property Company is a pioneer in investment and development and owns a diverse portfolio of projects across the real estate development and retail sectors.

• Plant is expected to avoid 14,064 tonnes of CO₂ emissions annually, equivalent to removing the emissions of more than 25% of the current residents in TIP

• Emerge, a joint venture between Masdar and the EDF Group, will operate and maintain turnkey solutions across the project for 25 years

• The agreement was signed at IDEX, Abu Dhabi, UAE

Emerge, a joint venture between Masdar and the EDF Group, has signed an agreement to install a 13.25MWp solar PV plant for Tawazun Industrial Park (TIP), the Middle East’s destination of choice for leading global, regional and local companies in the defense, security, aerospace and other strategic manufacturing sectors.

In the presence of Aurelien Delahaye, Deputy CEO ME, EDF, and Ali Alshimmari, Head, Strategic & Special Projects, Masdar, the agreement was signed on the second day of the International Defence Exhibition and Conference (IDEX 2025) in Abu Dhabi by Michel Abi Saab, General Manager, Emerge, and Eng. Faiz Al Nahdi, CEO of Tawazun Industrial Park.

The agreement, which covers an 11.5MWp ground-mounted solar PV plant and a 1.75MWp carport, will avoid 14,064 tonnes of CO₂ emissions annually. This is equivalent to removing the emissions of more than 25% of the current residents in TIP. Construction of the plant is due to begin in late 2025.

Eng. Faiz Al Nahdi, CEO of Tawazun Industrial Park, emphasized the significance of the agreement, stating: “Our collaboration with Emerge marks a significant step in integrating clean energy solutions into Tawazun Industrial Park. This project underscores our responsibility to minimize environmental impact while fostering a modern, forward-thinking industrial hub.”

“By incorporating renewable energy, we are equipping TIP and its resident companies with sustainable resources to thrive. This initiative aligns with national priorities, including the UAE’s ”Net Zero by 2050 Strategy”, and reinforces our role in driving innovation and sustainable growth across strategic sectors.” he added

Michel Abi Saab, Emerge General Manager, said:

Emerge will handle the entire project lifecycle under a Build-Own-Operate-Transfer (BOOT) agreement. This includes financing, design, procurement, construction, operation, and maintenance of the solar plant for a period of 25 years.

Emerge was formed in 2021 as a joint venture between Masdar and EDF to develop distributed solar, energy efficiency, street lighting, battery storage, off-grid solar and hybrid solutions for commercial and industrial clients.

In 2024, Emerge tripled its operating capacity across solar plants to 30MW (from 10MW the year before), supplying clean electricity to 38 commercial, industrial, educational and hospitality sites across the UAE.

In a landmark step towards advancing sustainability, today at Abu Dhabi Sustainability Week, Coca-Cola Al Ahlia Beverages Company together with Emerge – a joint venture between UAE’s Masdar and France’s EDF Group – inaugurated a 1.8 megawatt solar power plant at its production facility in Al Ain.

The project marks a significant milestone in Coca-Cola Al Ahlia Beverages Company’s commitment to environmental stewardship and renewable energy adoption, aligning with the UAE’s Green Agenda 2030 and national sustainability ambitions.

The newly activated solar power plant is designed to deliver clean and renewable energy to the facility, reducing reliance on traditional energy sources and significantly lowering overall carbon emissions. Utilizing cutting-edge technology such as bifacial panels, advanced inverters, and smart monitoring systems, the plant represents the future of energy solutions in the region.

The plant has the capacity to avoid approximately 1,566 metric tons of CO₂ emissions annually – equivalent to meeting the electricity needs of more than 300 homes for an entire year. Additionally, the solar power plant will help reduce the consumption of oil by more than 3,600 barrels per year, underscoring its contribution to environmental conservation.

His Excellency Osama Amir Fadhel, Assistant Undersecretary for the Industrial Accelerators Sector at the Ministry of Industry and Advanced Technology, highlighted that sustainability serves as a fundamental pillar of the National Strategy for Industry and Advanced Technology, Operation 300 Billion. The strategy aims to strengthen the industrial sector while supporting climate neutrality by encouraging sustainable practices and industrial transformation through the adoption of advanced technologies, enablers, and incentives. These efforts are reflected under the "Make it in the Emirates" initiative, a strategic platform that drives local manufacturing and supports businesses in adopting innovative technologies that promote investment in sustainability.

His Excellency underscored that "Make it in the Emirates" is both an initiative and an annual event, serving as a key platform to showcase the UAE's global competitive advantages to industrial investors on an international level. By attracting manufacturers and investors to the UAE, the initiative boosts local production capabilities, enhances supply chain resilience, and promotes self-sufficiency, particularly in critical strategic sectors such as food, beverages, and pharmaceuticals.

His Excellency also emphasized the strategic partnership between Coca-Cola Al-Ahlia Beverages and Emerge to launch a 1.8 MW photovoltaic solar power plant. This project marks a significant milestone in incorporating renewable energy into manufacturing, aligning with the industrial decarbonization roadmap unveiled by the Ministry of Industry and Advanced Technology during COP28.

Finally, His Excellency invited investors and manufacturers to participate in the fourth edition of the "Make it in the Emirates" Forum, which will be held at ADNEC in Abu Dhabi from May 19 to 22, 2025. This edition is expected to be the largest and most comprehensive yet, featuring over 20,000 participants, 5,000 "Made in UAE" products on display, and, for the first time, a dedicated pavilion showcasing Emirati handicrafts

“We are committed to reducing our carbon footprint and promoting sustainable practices across our operations,” said Banu Karakullukcu, CEO of Coca-Cola Al Ahlia Beverages Company. “The installation of solar panels at our Al Ain plant is a testament to our shift towards renewable energy. Partnering with Emerge allows us to bring this vision to life and support the UAE’s Green Agenda. This project sets a strong example, and we are eager to implement similar initiatives at our other plants in the region.”

With the completion of phase one, the solar power project meets 18% of Coca-Cola Al Ahlia Beverages Company production plant’s total energy needs with solar power. This year, phase two will add an additional 5%, bringing the total solar contribution to 23%. As part of the partnership with Coca-Cola Al Ahlia Beverages Company, Emerge will operate and maintain the solar energy project for the next 25 years.

“At Emerge, we are committed to supporting organizations to reduce their environmental impact and become more sustainable on the road to realizing the UAE’s Net Zero by 2050 Strategy. This solar plant is a great example of how innovative clean energy solutions can drive both environmental and business outcomes – in this case, helping Coca Cola Al Ahlia Beverages Company meet their sustainability goals while reducing electricity costs,” stated Michel Ali Saab, General Manager of Emerge.

Renewable energy solutions like the solar power project demonstrate how the UAE is empowering organizations to reduce emissions and align industrial growth with environmental preservation.

Through collaborations like this, Coca-Cola Al Ahlia Beverages Company aims to inspire broader action, paving the way for a greener, more sustainable future for the UAE.

• Two companies, Larsen & Toubro and POWERCHINA selected as preferred Engineering, Procurement and Construction (EPC) contractors for the project, which will be built in Abu Dhabi

• Masdar selects Jinko Solar and JA Solar as preferred suppliers for solar photovoltaic (PV) modules and CATL as preferred supplier for the battery energy storage system (BESS) for the combined solar and BESS project – largest in the world

• Masdar, in collaboration with EWEC, is developing the world’s first ‘round the clock’ gigascale combined solar and BESS project, capable of delivering 1GW of continuous clean energy

Abu Dhabi Future Energy Company PJSC – Masdar, the UAE’s clean energy leader, announced today preferred suppliers and contractors to support the development of the world’s first large-scale ‘round the clock’ gigascale project, which will combine solar photovoltaic (PV) power and battery storage to deliver uninterrupted renewable energy.

JA Solar and Jinko Solar, two of the world's largest PV module suppliers, and CATL, the world’s largest battery manufacturer and a leading battery energy storage system (BESS) supplier, are preferred suppliers for the project, Masdar announced today at Abu Dhabi Sustainability Week (ADSW). Larsen & Toubro and POWERCHINA have been selected as preferred Engineering, Procurement and Construction (EPC) contractors for the project, which will be built in Abu Dhabi.

Letters of Award for the EPC contractors were signed today in a special ceremony at the Masdar Pavilion at ADSW, with Abdulaziz Alobaidli, Chief Operating Officer, Masdar, signing both. Yu Feng, President of HDEC International, signed for POWERCHINA, with Gao Fei, Vice President of POWERCHINA MENA Headquarter, witnessing. The Letter of Award for Larsen & Toubro was signed by A. Ravindran, Senior Vice President & Head - Renewables IC, with T. Madhavadas, Whole Time Director & Sr. Executive Vice President (Utilities), witnessing.

Masdar, in collaboration with EWEC (Emirates Water and Electricity Company), announced at ADSW that it is developing the gigascale project, capable of delivering up to 1 gigawatt (GW) of baseload power 24 hours a day, seven days a week. The project will feature a 5.2GW (DC) solar photovoltaic (PV) plant, coupled with a 19 gigawatt-hour (GWh) BESS, making it the largest solar and BESS project in the world.

Abdulaziz Alobaidli, Chief Operating Officer, Masdar, said:

Jinko Solar and JA Solar are preferred suppliers for PV modules amounting to 2.6GW capacity each, with both companies utilizing the latest TopCon technology with optimized parameters for maximum efficiency and production for 30 years.

CATL, as preferred supplier for the BESS, would supply its leading TENER technology for the total capacity of 19GWh, which features all-round safety, a long service life, and a high level of integration, ensuring the reliable, stable operation and high efficiency of the entire project lifetime.

 

The solar PV and BESS facility will provide unparalleled stability and efficiency by overcoming the intermittency of renewable energy. The 19GWh battery storage facility will enable seamless integration of solar power into the grid. This initiative also supports the UAE Energy Strategy 2050, and the facility will play a transformative role in energy systems, ensuring the UAE continues to lead by example in delivering towards the historic UAE Consensus agreed at COP28.

Since its establishment in 2006, Masdar has been a key enabler of the UAE’s vision as a global leader in sustainability and climate action. The company has developed and partnered in projects in over 40 countries, with a mandate to increase its renewable energy portfolio capacity to 100GW by 2030 and to become a leading producer of green hydrogen by the same year.

In the presence of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, Abu Dhabi Future Energy Company PJSC – Masdar and Emirates Water and Electricity Company (EWEC) today announced the launch of the world’s first large-scale ‘round the clock’ gigascale project, combining solar power and battery storage in Abu Dhabi.

The launch was announced by His Excellency Dr. Sultan Al Jaber, Minister of Industry and Advanced Technology and Chairman of Masdar, and His Excellency Mohamed Hassan Alsuwaidi, Minister of Investment and Managing Director and Group Chief Executive Officer of ADQ.

The launch marks a pivotal moment in the clean energy transformation, allowing renewable energy to be dispatched 24 hours a day, seven days a week, reaffirming the UAE’s position as a global pioneer in renewable energy deployment.

Delivering up to 1 gigawatt (GW) of baseload power every day generated from renewable energy, it will be the largest combined solar and battery energy storage system (BESS) in the world.

Located in Abu Dhabi, the project will feature a 5.2GW (DC) solar photovoltaic (PV) plant, coupled with a 19 gigawatt-hour (GWh) BESS, setting a global benchmark in clean energy innovation.

His Excellency Dr, Sultan Al Jaber, Minister of Industry and Advanced Technology and Chairman of Masdar, said,

This initiative demonstrates the remarkable scale and ambition of the UAE's energy transformation, delivering clean energy to power advancements in emerging technologies. The world-leading project reflects the vision and commitment of the UAE leadership in driving socioeconomic and environmental progress.

His Excellency Mohamed Hassan Alsuwaidi, Minister of Investment and Managing Director and Group Chief Executive Officer of ADQ, said,

Othman Al Ali, Chief Executive Officer of EWEC, said,

Mohamed Jameel Al Ramahi, Chief Executive Officer of Masdar, said,

The solar PV and BESS facility will provide unparalleled stability and efficiency by overcoming the intermittency challenges of renewable energy. The 19GWh battery storage facility will enable seamless integration of solar power into the grid.

By integrating state-of-the-art renewable technologies with energy storage solutions, this landmark project exemplifies the UAE's commitment to scaling innovative clean energy solutions to meet evolving energy demands. This initiative also supports the UAE Energy Strategy 2050, and the facility will play a transformative role in energy systems, ensuring the UAE continues to lead by example in delivering towards the historic UAE Consensus agreed at COP28.

• Financing secured for 445MWac Bilasuvar and 315MWac Neftchala solar projects

• Agreements with EBRD, ADB and AIIB signed at COP29 in Baku. Total project costs expected to be more than USD 600 million

• Construction on solar parks due to complete by the first quarter of 2027

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.

The European Bank for Reconstruction and Development (EBRD), the Asian Development Bank (ADB) and the Asian infrastructure and Investment Bank (AIIB) are financing the two solar projects, with the total cost expected to be more than USD 600 million.

The agreements were signed on the sidelines of COP29 in Baku. They were witnesses by H.E. Parviz Shahbazov, Minister of Energy for the Republic of Azerbaijan, Abdulaziz AlObaidli, COO of Masdar, Afgan Isayev, Vice President of SOCAR, and Harry Boyd-Carpenter, Managing Director, Climate Strategy and Delivery at EBRD.

The agreements were signed by Abdulla Zayed, Director of Business & Project Development at Masdar, Elmir Musayev, General Director of SOCAR Green, Aida Sitdikova, Director Energy Eurasia, Middle East and Africa at EBRD, James Lok, Lead Investment Officer, Project and Corporate Finance Clients Department, Global at AIIB, and Mayank Choudhary, Director, Private Sector Operations Department at ADB.

Masdar and SOCAR Green broke ground on the Bilasuvar and Neftchala solar parks during a ceremony at Baku Energy Week in June 2024. Construction on the projects is due to be completed by the first quarter of 2027.

H.E. Dr Sultan Al Jaber, UAE Minister of Industry and Advanced Technology, Chairman of Masdar, and COP28 President, said:

H.E. Parviz Shahbazov, Minister of Energy for the Republic of Azerbaijan, said:

Masdar Chief Executive Officer Mohamed Jameel Al Ramahi said:

Rovshan Najaf, President of SOCAR, said:

Masdar is dedicated to supporting Azerbaijan’s energy transition. It has signed agreements to develop onshore wind and solar projects and integrated offshore wind and green hydrogen projects with a total combined capacity of 10GW. Its first project in Azerbaijan, the 230MW Garadagh solar plant, was inaugurated in October last year.

Since its establishment in 2006, Masdar has been a key enabler of the UAE’s vision as a global leader in sustainability and climate action. The company has developed and partnered in projects in over 40 countries, with a mandate to increase its renewable energy portfolio capacity to 100GW by 2030 and to become a leading producer of green hydrogen by the same year.

Established in 2024, SOCAR Green is a wholly-owned subsidiary of SOCAR, a global energy company headquartered in Azerbaijan. Positioned at the forefront of the nation's transition to renewable energy, SOCAR Green drives the implementation of clean energy initiatives, including large-scale solar, wind, and green hydrogen projects. Through strategic partnerships with international leaders in renewable energy, SOCAR Green supports Azerbaijan’s commitment to achieving its national climate targets and contributing to global sustainability goals.

• 1.5 gigawatt (GW) solar power plant in Al Ajban province received financing from six top-tier banks and financial institutions

• 3 million solar panels using advanced bifacial technology will be installed to generate enough power for 160,000 UAE households

• CO2 emissions will be reduced by over 2.4 million tons annually

• Project company composed of EDF Renewables and KOWEPO (20% stake each) as lead members, and Masdar as local shareholder (60% stake)

• EWEC will procure 100% of the plant output

The project company, led by EDF Renewables and Korea Western Power (KOWEPO), alongside their partner Abu Dhabi Future Energy Company PJSC – Masdar, announced today the successful financial closing of the 1.5 gigawatt (GW) AC Al Ajban Solar Photovoltaic (PV) Independent Power Producer (IPP) project in the Emirate of Abu Dhabi.

Following a successful bid submission, the project company owned by EDF Renewables and KOWEPO (20% stake each) as lead members, and Masdar as local shareholder (60% stake) signed a 30-year Power Purchase Agreement (PPA) with the Emirates Water and Electricity Company (EWEC), and will design, finance, build and operate the plant.

Financing for the project has been secured from six top-tier banks and financial institutions: BNP Paribas, Credit Agricole CIB, Standard Chartered Bank, HSBC Middle East, Sumitomo Mitsui Banking Corporation (SMBC) and Export-Import Bank of Korea (KEXIM).

Othman Al Ali, Chief Executive Officer of EWEC, said:

Mohamed Jameel Al Ramahi, Chief Executive Officer of Masdar said:

Commenting on the announcement, Beatrice Buffon, EDF Group Vice-President, International Division, Chairwoman & Chief Executive Officer of EDF Renewables, said:

Commenting on the announcement, Hyungduck Park, Chief Executive Officer of KOWEPO, said:

The state-of-the-art project, located approximately 70 kilometres North-East of Abu Dhabi city, will have a capacity of 1.5GW. Once fully commissioned in Q3 2026, the Al Ajban Solar PV IPP will be one of the world’s largest single-site solar power plants, deploying approximately 3 million solar panels mounted on single-axis trackers to generate enough electricity for approximately 160,000 homes across the UAE. Upon full commercial operation, the plant is expected to reduce Abu Dhabi’s CO2 emissions by more than 2.4 million tons per year.

The Al Ajban Solar PV power plant is part of the UAE Net-Zero by 2050 strategic initiative and is the third utility–scale solar park in the Emirate of Abu Dhabi, making the Emirate a pioneer in renewable energy deployment.

Key figures of the project:

• Households powered: 160,000

• Over 2,400,000 tons of CO2 reduction / year

• Technology:

  • 3,000,000 bifacial PVs

  • Single-axis trackers

• Emerge Limited, a joint venture between Masdar and the EDF Group, breaks ground on SNOC's 60MWp solar PV plant in Sharjah

• Plant is expected to offset 66,000 CO2 emissions annually, equivalent to taking over 14,600 cars off the road each year

• Emerge will operate and maintain turnkey solutions across the project for 25 years

The Emirate of Sharjah oil and gas industry leader, Sharjah National Oil Corporation (SNOC), and Emerge Limited, a joint venture between Masdar and the EDF Group, celebrated a significant milestone today with the groundbreaking ceremony for the largest solar installation in Sharjah to date.

The 60MWp ground-mounted solar PV plant, located at SNOC's Sajaa Gas Complex, will generate enough clean energy to offset 66,000 tons of CO2 emissions annually, equivalent to removing more than 14,600 cars from the road each year.

The project supports SNOC's commitment to decarbonization and its goal of achieving net-zero emissions by 2032. It will significantly decrease SNOC's dependence on traditional fossil fuels for its operations and provide a cost-effective source of clean energy. The project aligns with the United Arab Emirates' ambitious Net-Zero 2050 strategy. By promoting renewable energy sources, this initiative contributes to the UAE's transition towards a more sustainable, environmentally conscious future for Sharjah and the wider region.

SNOC Chief Executive Officer, Hatem Al Mosa, said

Michel Abi Saab, Emerge General Manager, said:

Emerge will handle the entire project lifecycle under a Build-Own-Operate-Transfer (BOOT) agreement. This includes financing, design, procurement, construction, operation, and maintenance of the solar modules for a period of 25 years.

• Solar car park will generate 30 percent of total annual energy demand at Yas Marina Circuit

• Yas Bay Waterfront Project will offset 425 tonnes of CO2 emissions per year as Miral drives sustainability efforts

• Energizations advance clean energy deployment in UAE entertainment sector

Abu Dhabi, United Arab Emirates; May 23, 2024: Emerge, a joint venture between the UAE’s Masdar and France’s EDF Group, has announced the successful energization of two high-profile solar photovoltaic (PV) projects on Yas Island at Yas Marina Circuit and Yas Bay Waterfront, Abu Dhabi’s vibrant day-to-night dining, entertainment and leisure destination.

The 1 megawatt peak (MWp) solar car park at Ethara’s Yas Marina Circuit, home to the Formula 1 Etihad Airways Abu Dhabi Grand Prix, will generate approximately 30 percent of Yas Marina Circuit’s total annual energy demand, equivalent to powering nearly 200 Abu Dhabi households and offsetting 900 tonnes of CO2 emissions a year.

Under its agreement with the venue’s operator, Ethara, Emerge has installed more than 1,800 solar modules across the car park of the track, which holds a capacity of 60,000 spectators, delivering a comprehensive turnkey solution for the project, including finance, design, procurement, construction, operations, and maintenance for 25 years.

The 520kWp Yas Bay Waterfront development for Miral involved the installation of over 900 solar modules, equivalent to powering around 100 Abu Dhabi households and offsetting 425 tonnes of CO2 emissions a year. The solution included finance, design, procurement and construction and Emerge will operate and maintain the solar modules.

Jonathan Brown, Chief Portfolio Officer at Miral, said:

Hesham Al Jneibi, Yas Marina Circuit and Etihad Park General Manager, said:

Michel Abi Saab, General Manager, Emerge, said:

Yas Bay Waterfront is the third collaboration between Miral, the leading creator of immersive destinations and experiences in Abu Dhabi, and Emerge. In March 2023, Miral inaugurated Abu Dhabi's largest solar rooftop project at Warner Bros. World™ Abu Dhabi, with an impressive 7-megawatt peak (MWp) capacity. The project incorporates approximately 16,000 solar modules across the theme park's roof area of 36,000 square meters and produces nearly 40 percent of its annual energy demand.

Emerge has also deployed on-site solar energy systems at the SeaWorld Abu Dhabi theme park, which has a capacity of 8.4 megawatts (MWp) and is scheduled to be commissioned during the second quarter of 2024.

Emerge, a joint venture between Masdar and EDF Group, was formed in 2021 to develop distributed solar, energy storage and hybrid solutions for commercial and industrial. As an energy services company, Emerge offers clients full turnkey solutions through solar power agreements and energy performance contracting at no upfront cost to the client.

– ENDS –

About Miral

Miral is the leading creator of immersive destinations and experiences in Abu Dhabi, that contributes to the growth of the leisure and entertainment industry and Abu Dhabi’s economic diversification. It conceives, creates, operates, and manages immersive destinations and experiences that attract visitors from across the world to create unforgettable memories, accelerating the realization of the Emirate’s tourism vision and growth.

Responsible for the development of Yas Island and overseeing Saadiyat Island's Destination Management Strategy, Miral’s portfolio of world-class assets incorporates entertainment, leisure, culture, sport, dining, retail, and hospitality experiences, aiming to deliver millions of memorable moments for residents and international guests alike. These include SeaWorld Yas Island, Abu Dhabi, Ferrari World Yas Island, Abu Dhabi, Warner Bros. World™ Abu Dhabi, CLYMB™ Abu Dhabi, Yas Waterworld Abu Dhabi, Yas Marina, and Yas Bay Waterfront, home to the UAE’s largest indoor multi-purpose venue Etihad Arena, amongst others. Miral also has several projects being developed on Yas Island and across the emirate, including teamLab Phenomena Abu Dhabi, Natural History Museum Abu Dhabi, and a Harry Potter themed land within Warner Bros. World Abu Dhabi.

Miral encompasses three subsidiaries: Miral Destinations, which promotes unique destinations; Miral Experiences, which operates a diverse portfolio of world-class, award-winning immersive experiences; and Yas Asset Management, which operates and manages a portfolio of vibrant destinations including F&B, retail, marinas and hospitality properties across Yas Island.

For more information, visit www.miral.ae.

About Ethara

Ethara is shaping the future of events and venues regionally and internationally. Headquartered on Abu Dhabi’s Yas Island, and with offices in Dubai and Riyadh, the company employs over 300 professionals who offer an unrivalled wealth of expertise, experience, knowledge, and skills in the entertainment industry. Ethara, meaning ‘thrill’ in Arabic, operates an impressive portfolio of assets, including Yas Marina Circuit, Etihad Park, Etihad Arena, and the Yas Conference Centre. The company works with leading events companies, IP owners, and entertainment partners locally and internationally to deliver world-class, first-to-market events and experiences.

For further information, visit: www.ethara.com

About Emerge

Emerge is a joint venture between Masdar and EDF Group established to develop solar generation, energy storage and hybrid solutions in the Middle East. We support our commercial and industrial (C&I) partners in achieving their sustainability goals. A home-grown company, Emerge was founded in 2021 and has since established a robust performance record. Emerge provides clients with comprehensive renewable energy solutions via solar power agreements. Clients do not have to make any initial financial commitments. This empowers our customers to concentrate on their core operations while reducing operational and energy expenditures.

Website: https://emerge-energy.com/
LinkedIn: https://www.linkedin.com/company/emerge-energy-company
Email: info@emerge-energy.com

About Masdar

Abu Dhabi Future Energy Company (Masdar) is the UAE’s clean energy champion and one of the world’s fastest growing renewable energy companies, advancing the development and deployment of renewable energy and green hydrogen technologies to address global sustainability challenges. Established in 2006, Masdar has developed and partnered in projects in over 40 countries, helping them to achieve their clean energy objectives and advance sustainable development. Masdar is jointly owned by Abu Dhabi National Oil Company (ADNOC), Mubadala Investment Company (Mubadala), and Abu Dhabi National Energy Company (TAQA), and under this ownership the company is targeting a renewable energy portfolio capacity of at least 100 gigawatts (GW) by 2030.

Contacts:

For media inquiries, please contact: press@masdar.ae
For more information please visit: http://www.masdar.ae and connect: facebook.com/masdar.ae and twitter.com/masdar

About EDF Group

The EDF Group is a key player in the energy transition, as an integrated energy operator engaged in all aspects of the energy business: power generation, distribution, trading, energy sales and energy services. The Group is a world leader in low-carbon energy, with a low carbon output of 434TWh, a diverse generation mix based mainly on nuclear and renewable energy (including hydropower). It is also investing in new technologies to support the energy transition. EDF’s raison d’être is to build a net zero energy future with electricity and innovative solutions and services, to help save the planet and drive well-being and economic development. The Group supplies energy and services to approximately 40.9 million customers (1) and generated consolidated sales of €139.7 billion in 2023.

Customers are counted per delivery site. A customer may have two delivery points.

For media enquiries, please contact: Alexandra.taleva@edf.com; +971 54 522 73 73
For more information please visit: https://www.uae.edf.com
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