#Masdar
Masdar, through its Iberian platform Saeta, closed the agreement for the construction and commissioning of one of the largest solar PV installations in Valencia of 234MW, with a potential BESS hybridisation of 259MW
The deal, which is subject to regulatory approvals and other conditions, will see Masdar acquire a 49.99 per cent stake in four solar plants in Spain
Masdar and TotalEnergies will strengthen their cooperation to provide reliable and sustainable electricity to support Africa’s energy systems transformation
The clean energy project is expected to deliver up to 1 gigawatt of clean energy by 2030
The new solar and battery energy facility will deliver 1 gigawatt of uninterrupted clean power and is expected to cost around $6bn
The Abu Dhabi renewable energy firm plans to acquire all outstanding shares of Terna Energy in an all-cash tender offer, subject to regulatory approval
The two entities agreed to collaborate on joint investments in renewable energy projects developed, invested in, or operated by Masdar
Masdar and SOCAR Green broke ground on the Bilasuvar and Neftchala solar parks in June 2024
Construction of the Jambyl wind farm is expected to begin in the first quarter of 2026, with the project slated for completion by 2028
The new agreement reinforces Masdar’s dedication to building clean energy solutions in partnership with global markets, furthering its role as a key player in the UAE’s climate leadership and international collaborations
The collaboration will support environmental and economic goals through AI-driven initiatives in renewable energy, carbon capture and efficiency improvements
The wind farm will have an anticipated annual production capacity of 1.9 terawatt-hours (TWh), enough to meet energy demands of 475,000 homes
By developing an AI-based asset management tool, Masdar seeks to digitise its operations worldwide, moving from a reactive model to a predictive approach
The company will look at potential new opportunities with current partners, such as Endesa and Iberdrola
The deal consists of a portfolio of 745 megawatts (MW) of predominantly wind assets – 538 MW in Spain, 144 MW in Portugal and 63 MW solar PV assets in Spain
The consortium, comprising Egypt’s Infinity Group and UAE-based Masdar, will develop, finance, and operate the onshore wind project
The project seeks to help decarbonise hard-to-abate, emission-intensive sectors such as the aviation and maritime industries
The company has invested in renewable projects around the world at different stages of development, valued above $30bn
Masdar will invest EUR817m in the transaction, which values the portfolio at EUR1.7bn, making it one of Spain’s largest renewable energy deals
Investor demand was strong, with the order book peaking at $4.6bn, representing an oversubscription rate of 4.6 times
The consortium will investigate the feasibility of a large-scale, multi-phase project focused on the development and export of green hydrogen and its derivatives
Brookfield bought the company from Spanish construction group ACS for EUR1bn in 2018
Masdar is expanding in several parts of Europe, as well is in Asia, and the US
The wind farm, which is on track to start operations by the end of the year, will consist of 50 wind turbines built on monopile foundations
The joint venture aims to explore, develop, and invest in wind projects in Bahrain, with a capacity of up to 2 gigawatts.
The deals span renewable energy, railway connectivity and investments in digital infrastructure and technology
As part of the agreement, Masdar and EGA will collaborate on several fronts, including exploring joint development of renewable energy projects
Masdar’s extensive experience in funding, developing, and operating clean energy projects worldwide will support Terra-Gen’s expansion efforts
Trade volumes between the UAE and Greece surged by 6.2 per cent during the first nine months of 2023, underscoring the resilient bilateral economic relations
Construction of the mega-facility could start in late 2025, with the first 800 megawatts (MW) of electricity expected to come online by 2029