Global green energy leaders Iberdrola and Masdar announced a significant strategic partnership at the UN Climate Change Conference (COP28) in Dubai. This collaboration aims to co-invest up to €15 billion in offshore wind and green hydrogen projects. Credit: Windinsider The partnership reflects both companies’ commitment to advancing renewable energy solutions and addressing climate change. Iberdrola...
The strategic energy partnership between the United Arab Emirates (UAE) and the United States (U.S.) is set to bolster both nations’ commitment to a sustainable future. This collaboration focuses on substantial joint investments in clean and renewable energy technologies, enhancing global energy security and supporting emerging economies. A key component of this partnership is the...
Abu Dhabi Future Energy Company PJSC, known as Masdar, has initiated the launch of $1 billion in dual tranche no-grow Reg S senior unsecured bonds. These bonds will have tenures of 5 and 10 years, reflecting Masdar’s commitment to financing renewable energy projects. The issuance is being managed by a group of joint lead managers...
The United Arab Emirates’ renewable energy company, Masdar, has signed two memorandums of understanding with Indonesia’s state-owned electricity company, Persero. These agreements focus on the development of floating solar power projects in Indonesia. One of the key projects involves the establishment of a floating solar power plant at the Jatigede Dam reservoir located in West...
Abu Dhabi’s Masdar, also known as the Abu Dhabi Future Energy Company, is contemplating an initial public offering (IPO) in 2026. This move is seen as a significant step towards promoting cleaner energy sources not only in the Gulf, the world’s largest oil-producing region, but also in Europe. The proposed IPO aims to finance Masdar’s...
Masdar, the Abu Dhabi Future Energy Company, has announced the completion of its investment agreement for the Valle Solar project, one of the largest solar photovoltaic (PV) installations in Spain. This project, located in the Valencia region, will have a capacity of 234 megawatts (MW) and includes the potential for Battery Energy Storage Systems (BESS)...
Abu Dhabi’s renewable energy company, Masdar, is in advanced negotiations to acquire a 49.9% stake in a solar portfolio managed by the Spanish power utility Endesa for approximately $200 million. The deal involves a solar portfolio with a capacity of around 450 megawatts and is expected to strengthen the existing partnership between the two companies....
The UAE has officially launched what it claims is the world’s first and largest 24-hour power project that integrates solar photovoltaic technology with battery storage. This groundbreaking initiative aims to provide 1 gigawatt of baseload electricity. The announcement was made by Dr. Sultan Al Jaber, the Minister of Industry and Advanced Technology and chairman of...