Latest News - Corporate

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.

22 NOV 2023
213
Corporate

Deputy Ruler of Abu Dhabi Inaugurates World’s Largest Single-Site Solar Power Plant Ahead of COP28

Abu Dhabi Future Energy Company PJSC – Masdar, and its partners Abu Dhabi National Energy Company (TAQA), EDF Renewables and JinkoPower, together with procurer Emirates Water and Electricity Company (EWEC), have inaugurated the world’s largest single-site solar power plant ahead of the UAE hosting the UN climate change conference, COP28.

16 NOV 2023
287
Clean Energy

President of Indonesia Inaugurates Southeast Asia’s Largest Floating Solar Plant

Abu Dhabi Future Energy Company PJSC – Masdar, the UAE’s clean energy powerhouse, and Indonesia’s state-owned utility company, PLN have inaugurated the 145 megawatt (MWac) (192MWp). Cirata floating solar plant in Indonesia, the largest in the Southeast Asia region.

09 NOV 2023
209
Corporate

ACWA Power, Masdar and SOCAR team up for 500MW renewable energy projects in Azerbaijan

Two of the largest independent power producers in the region and an integrated national oil and gas company of the Republic of Azerbaijan will jointly develop renewable energy projects in Nakhchivan to expedite decarbonization goals.

08 NOV 2023
349
Corporate

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.

07 NOV 2023
349
Corporate

Iberdrola and Masdar close their 1.6 billion euros alliance to develop offshore wind in the Baltic Sea

Iberdrola has signed a strategic agreement with Masdar, a major renewable energy group based in Abu Dhabi, to co-invest in the 476 MW Baltic Eagle offshore wind farm, located in the German Baltic Sea.

02 NOV 2023
209
Clean Energy

Masdar signs 1GW Clean Energy Agreement in Azerbaijan following Presidential Inauguration of Garadagh Solar Park, Largest in the Region

Masdar signs 1GW Clean Energy Agreement in Azerbaijan following Presidential Inauguration of Garadagh Solar Park, Largest in the Region

26 OCT 2023
307
Clean Energy

Miral and Emerge to Develop Solar Project on Yas Bay Waterfront

Miral, Abu Dhabi’s leading creator of immersive destinations and experiences, has signed an agreement with Emerge, a joint venture between the UAE’s Masdar and France’s EDF, to develop a 524-kilowatt peak (kWp) solar photovoltaic (PV) project on Yas Bay Waterfront, Abu Dhabi’s vibrant day-to-night dining, entertainment and leisure destination located on Yas Island. The project is designed to offset 450 tonnes of CO2 emissions per year.

17 OCT 2023
342
Corporate

Abu Dhabi Securities Exchange (ADX) Welcomes the Secondary Green Bond Listing by Masdar

Abu Dhabi Securities Exchange (ADX) welcomed the secondary listing of a USD 750 million Green Bond by Abu Dhabi Future Energy Company (Masdar), the global clean energy powerhouse based in Abu Dhabi.

10 OCT 2023
502
Corporate

Masdar Signs MoU with Malaysia to Develop Up to 10GW of Renewable Energy Projects

Abu Dhabi Future Energy Company PJSC – Masdar, the UAE’s clean energy powerhouse, has signed a Memorandum of Understanding (MoU) with the Malaysian Investment Development Authority (MIDA) to invest US$8 billion for up to 10 gigawatts (GW) of renewable energy projects in a strategic partnership that will significantly contribute to Malaysia's sustainable energy transformation.

09 OCT 2023
308
Corporate
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