Masdar, EWEC break ground on 1 GW baseload solar-plus-storage project
Abu Dhabi Future Energy Co. (Masdar) and Emirates Water and Electricity Co. (EWEC) have started building a solar-plus-storage project in Abu Dhabi that will deliver 1 GW of continuous baseload energy from a 5.2 GW solar plant paired with a 19 GWh battery system.
Masdar and EDF’s Emerge signs long-term solar deal with Saudi’s Misk City
Emerge, a joint venture between Masdar and EDF power renewables, will develop and deliver a 621 kWp rooftop solar plant on a dedicated carport structure and other assets within Misk City as part of a 20-year agreement.
UAE launches 60 MW solar plant to power gas complex, grid
The emirate of Sharjah has commissioned its first utility-scale solar plant to power the Sajaa Gas Complex and export surplus electricity to the grid. The 60 MWp SANA facility, developed in collaboration with a Masdar–EDF joint venture, is among the first in the region to integrate solar power into oil and gas operations.
Masdar, EWEC announce 5 GW/19 GWh solar-plus-storage project in Abu Dhabi
Masdar and Emirates Water and Electricity Co. (EWEC) plan to build a $6 billion, 5 GW/19 GWh solar-plus-storage project in Abu Dhabi, with operations set to start by 2027.
Masdar acquires 70% stake in Terna Energy
Abu Dhabi-based Masdar has taken a majority stake in Greek renewable energy company Terna Energy, with plans to launch an all-cash mandatory tender offer to acquire the outstanding shares.
Masdar, Sarawak Energy, Gentari plan large-scale floating solar in Malaysia
Abu Dhabi Future Energy Co. (Masdar) is teaming up with Malaysia’s Sarawak Energy and Gentari to assess the potential for a large-scale floating solar array on the northwestern coast of Borneo.
EDF, Masdar secure financing for 1.5 GW of solar near Abu Dhabi
EDF Renewables, Korea Western Power Co. (Kowepo), and Masdar have secured financing to build a 1.5 GW solar plant near Abu Dhabi, backed by a 30-year power purchase agreement (PPA) with Emirates Water and Electricity Co.
Masdar raises $1 billion with second green bond
Abu Dhabi-based Masdar has raised $1 billion through a new bond issuance. It says the investment will fund equity commitments on new greenfield projects, several of which are in developing economies.
Masdar buys out Greece’s Terna Energy in €3.2 billion deal
Masdar has agreed to acquire initially 67% of Greece’s Terna Energy, a developer of clean energy infrastructure, in a €3.2 billion ($3.4 billion) deal.
Azerbaijan gives green light to 760 MW of solar
Azerbaijan has approved the construction of two new solar plants totaling 760 MW in the southeastern part of the country. Abu Dhabi Future Energy Co. (Masdar) will oversee the development of the projects.
