Masdar

Masdar's latest move: acquiring 50% stake in US renewable energy producer Terra-Gen, a key step in its goal of 100GW capacity by 2030.

Masdar's 511-MW solar duo in Uzbekistan, powered by Trina Solar Co Ltd, marks a major step towards clean energy for 240,000 homes.

Masdar to invest USD 4 billion in Uzbekistan for 2 GW wind farm and 1.15 GWh of storage capacity, enough to power 1 million homes. A further 1.4 GW of solar and wind projects also to be connected to the power grid.

Masdar joins forces with the Angolan government to create 600 jobs and power 90,000 homes--a major step towards 10 GW of clean energy capacity in Africa by 2030.

Masdar's renewable energy project in Azerbaijan is now operational. The 308MW Garadagh solar facility, 5.5 million sq m in the Gobustan District, will produce 500GWh of power annually. Co-financed by international organizations, it's the first foreign investment-based solar project in Azerbaijan and 1GW more in the pipeline.

Masdar, owned by Abu Dhabi government, signs agreements to construct 1GW solar & wind power capacity in Azerbaijan. Garadagh Solar Park is now inaugurated, producing enough electricity to power 110,000 homes. Masdar plans to double capacity this year aiming for 100GW of gross capacity to aid UAE's net zero carbon emissions by 2050. Adnoc expands presence in Azerbaijan with 30% equity in Absheron natural gas field.

Masdar is seeking financing for the construction of a 200 MW solar farm in western Armenia. Get the latest updates on the USD 186.6 million project and the expected November 28, 2023 decision on the Clean Technology Fund concessional loan. This eco-friendly initiative could reduce carbon dioxide emissions by up to 169,000 tonnes annually.

MW Energy, a joint venture between Masdar and W Solar, has signed an MOU with Tajikistan to explore 500MW worth of clean energy projects – from solar, wind and hydroelectric. Part of Tajikistan's 2030 plan to develop 450MW of solar and wind energy with international assistance.

Masdar and DEWA sign agreement for phase 6 of Dubai's solar power project, setting record low Levelised Cost of Energy (LCOE). The project will become operational in stages from 2024 and have a capacity of 5000 MW upon completion in 2030. Helping UAE reach 100% clean energy for Dubai by 2050.

Masdar is partnering with Ethiopia to bring 500 MW of solar power capacity to the country, part of the UAE's Etihad 7 program, in an effort to improve access to clean energy in Africa. Masdar is also investing in renewable energy projects in Angola, Uganda, and Zambia.

Masdar has been selected as the preferred bidder for the 6th phase of the Mohammed bin Rashid Al Maktoum solar complex in Dubai. The project, with an LCOE of EUR 0.015/kWh, will cost up to AED 5.51bn and will be commissioned in stages from 2024. The solar park is planned to reach 5 GW by the end of the decade.

Masdar and Citaglobal Bhd collaborate to potentially develop 2 GW of clean energy in the Malaysian state of Pahang. This agreement is part of a larger move by the UAE government to reach net-zero emissions by 2050 and bring new energy solutions to the region.

UAE-based renewables significant Masdar has made the lowest bid for the 1.8-GW sixth phase of the Mohammed bin Rashid Al Maktoum solar project in Dubai, offering USD 0.01621 (EUR 0.015) per kWh.

Masdar claims that it is on track to become one of the globe's largest renewable energy business by decade end.

Both have authorized a framework agreement to license the Kraken modern technology platform