Masdar Powers Angola with 150MW Solar
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.
Dec 4, 2023 // Plants, Large-Scale, Commercial, Masdar, Africa, Angola, PV Power Plant
Masdar's 308MW Solar PV Project Flies in Azerbaijan
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.
Nov 30, 2023 // Plants, Large-Scale, Commercial, Masdar, Europe, PV Power Plant, Azerbaijan
Masdar Powers Caspian Renewables with Azerbaijan Pact
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.
Oct 27, 2023 // Markets & Finance News, Masdar, Europe, Azerbaijan
Masdar Eyes EBRD Financing for 200-MW Solar in Armenia
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.
Oct 18, 2023 // Markets & Finance News, Masdar, Europe, Armenia
Masdar & W Solar to Invest 500 MW in Tajik Renewables
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.
Oct 3, 2023 // Markets & Finance News, Masdar
Masdar, DEWA Sign Solar Milestone
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.
Sep 7, 2023 // Plants, Large-Scale, Commercial, Dewa, Masdar, Dubai, PV Power Plant
Masdar & Ethiopia: 500 MW Solar Partnership
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.
Aug 25, 2023 // Plants, Masdar, Asia, UAE, Ethiopia 7
Masdar Wins Dubai Solar Project: 1.8-GW Phase
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.
Aug 14, 2023 // Plants, Masdar, Dubai
Masdar Expands to Malaysia with 2GW Clean Energy Push
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.
Jul 31, 2023 // Storage, Masdar, Malaysia, Asia
Masdar provides cheapest cost for 1.8-GW area of Dubai solar project
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.
Jun 9, 2023 // Plants, Markets & Finance News, Masdar, Dubai, Solar Project
Masdar Doubles Clean Energy Capacity in Just Two Years
Masdar claims that it is on track to become one of the globe's largest renewable energy business by decade end.
May 19, 2023 // Markets & Finance News, Mohamed Jameel Al Ramahi, Masdar, Al Dhafra Solar Project, CO2 displacement, Sultan Ahmed Al Jaber
Masdar chooses Octopus solution for UK battery sites
Both have authorized a framework agreement to license the Kraken modern technology platform
May 11, 2023 // Storage, Masdar, UK, Europe, Octopus
Masdar completes acquisition of US 128MW solar stake
Developer has actually acquired a 50% share in project from EDF Renewables North America, that includes 40MW of storage
Apr 12, 2023 // Plants, Large-Scale, Commercial, Markets & Finance News, USA, Masdar, North America
Asian Infrastructure Investment Bank Funds Masdar Solar Projects in Uzbekistan
AIIB tattooed three new project financing loan agreements to finance $83.6 million for Masdar solar projects the Central Asian country. When completed, the projects' combined dimension will certainly reach 897 MW, also making it among the bigger solar PV advancements in the area.
Apr 10, 2023 // Markets & Finance News, Masdar, Solar Power, AIIB, solar projects, Asian Infrastructure Investment Bank, greenfield solar PV power plants, Konstantin Limitovskiy, Niall Hannigan, Uzbekistan solar power
Masdar to build 900MW Uzbekistan PV triad
Banks including ADB as well as EBRD are providing financing for the Sherabad, Samarkand as well as Jizzakh projects
Apr 6, 2023 // Plants, Large-Scale, Commercial, Masdar, Asia, Uzbekistan, PV Power Plant
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