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Masdar, a UAE-based renewables developer, has purchased a 49.99% stake in a portfolio of 2.5 GW of solar and storage capacities owned by Spanish utility Endesa SA for EUR 817 million. This deal, valued at EUR 1.7 billion, includes 48 operational solar plants with a combined capacity of 2 GW and the addition of 500 MW of new battery energy storage systems.The agreement also includes a memorandum of understanding between Masdar and Endesa to explore joint development of further renewable energy projects in Spain. This partnership supports Masdar's expansion plans in Europe and follows their recent announcement of a plan to acquire a Greek renewables firm with a target operational capacity of 6 GW by 2030. What is Masdar's latest investment in solar and storage capacities in Spain? Masdar has purchased a 49.99% stake in a portfolio of 2.5 GW of solar and storage capacities in Spain for EUR 817 million. The deal with Spanish utility Endesa SA is valued at EUR 1.7 billion and includes 48 operational solar plants with a combined capacity of 2 GW. The agreement also includes the addition of 500 MW of new battery energy storage systems. Masdar and Endesa have signed a memorandum of understanding to explore joint development of further renewable energy projects in Spain. This partnership supports Masdar's expansion plans in Europe, following their recent announcement of a plan to acquire a Greek renewables firm with a target operational capacity of 6 GW by 2030.

Jameel Al Ramahi, Chief Executive Officer of Masdar, and David Papazian, Chief Executive Officer of the Armenian National Interests Fund (ANIF) signing a

the other day, the arrangement, which Masdar stated was the "biggest such signing in Azerbaijan's background", will certainly see the business create both

Masdar is seeking financing from the European Bank for Reconstruction and Development for the construction of a 200-MW solar farm in western Armenia. The USD 186.6 million project would be the second utility-scale private power generator in the country. The borrower, a limited liability company incorporated in Armenia and 85% owned by Masdar, is seeking a secured limited recourse project finance facility coupled with a concessional loan from the Clean Technology Fund. A final decision on the financing is expected on November 28, 2023. Upon completion, the facility is expected to reduce carbon dioxide emissions by up to 169,000 tonnes annually. Will EBRD Finance Masdar's 200-MW Solar Farm? The project will require a total investment of USD 186.6 million The facility will be constructed in western Armenia and will be the second utility-scale private power generator in the country Masdar has requested a secured limited recourse project finance facility coupled with a concessional loan from the Clean Technology Fund The European Bank for Reconstruction and Development (EBRD) is considering the project for financing The expected completion of the solar farm is November 28, 2023 Upon completion, the facility is expected to reduce carbon dioxide emissions by up to 169,000 tonnes annually

Dhabi renewable energy group Masdar has actually authorized a bargain to develop a green hydrogen manufacturing plant in the United Arab Emirates with France's

the regards to the contract with EDF Renewables North America, Masdar has purchased a 50% passion in five PV projects in California-- two of that include

of the government support agreement (GSA) in Yeravan today comes after in July Masdar won a tender for the project with a proposal of USD 0.0290 (EUR 0.026) per

government assistance agreement (GSA) in Yeravan today comes after in July Masdar won a tender for the project with a quote of USD 0.0290 (EUR 0.026) per

Masdar has actually authorized an agreement with the Ministry of Mining, Petroleum and also Energy for the Republic of Côte d'Ivoire to check out the growth of a solar energy plant with a capacity of approximately 70MW. The agreements were signed under the umbrella of the Etihad 7 campaign, a UAE-led program that intends to increase public and also private-sector funds to buy the growth of Africa's renewable energy sector, with the aim of attaining 20GW capacity to provide 100 million individuals across the continent with clean electricity by 2035. According to the agreement, Masdar and the Ivorian Ministry of Mining, Petroleum as well as Energy will certainly check out the joint advancement of solar photovoltaic or pv plants in Côte d'Ivoire, starting with a very first 50MW to 70MW plant. The site would certainly sustain the Republic of Côte d'Ivoire's goal of 42% of its energy mix coming from renewable sources by 2030. " Côte d'Ivoire has actually devoted under climate change agreements to reduce its greenhouse gas discharges by 32% and also to boost the share of renewable resources in its energy mix to 45% by 2030," said Ivorian Minister of Mining, Petroleum as well as Energy Mamadou Sangafowa Coulibaly. " Based on its commitments, Côte d'Ivoire has prepared a plan of attack for the advancement of its production facilities, which incorporates solar, hydroelectricity as well as biomass. The framework agreement that we have actually just signed with Masdar, accompanied by a first project of 50MW to 70MW, will add to achieving this ambitious purpose." Masdar Chief Executive Officer Mohamed Jameel Al Ramahi added: "As part of Masdar's new shareholding structure launched in December, we have an objective of providing 100GW of clean energy worldwide by 2030. " With Africa's massive projected growth as well as development as well as low existing clean energy penetration levels, we see massive capacity for the renewable energy field throughout the continent. This agreement will certainly sustain Côte d'Ivoire's clean energy goals and also assist to drive sustainable economic development for the nation."

previously announced, Masdar won both 220-MW projects in the Jizzakh and Samarkand regions in a recent public-private partnership (PPP) tender in Uzbekistan that

Masdar, a UAE-based renewables developer, is seeking a full takeover of Greek renewables firm Terna Energy SA for about EUR 3.2 billion. This deal, if successful, would be the largest-ever energy transaction on the Athens Stock Exchange and one of the largest in the EU renewables industry. Masdar has already secured a deal to acquire a 67% stake in Terna and plans to make a subsequent tender offer for the remaining shares.The proposed takeover terms value Terna at EUR 2.4 billion, with shares trading higher at EUR 19.33. This move aligns with Masdar's growth ambitions in Greece and Europe, aiming to reach a global capacity of 100 GW by 2030. Terna, established in 1997, focuses on wind, solar, hydroelectric, and pumped storage projects in Greece and Europe. Is Masdar's EUR 3.2 billion bid for Terna Energy the largest in EU renewables? Masdar's EUR 3.2 billion bid for Terna Energy is indeed one of the largest in the EU renewables industry. The proposed takeover terms value Terna at EUR 2.4 billion, with shares trading higher at EUR 19.33. Masdar has already secured a deal to acquire a 67% stake in Terna and plans to make a subsequent tender offer for the remaining shares. This deal, if successful, would be the largest-ever energy transaction on the Athens Stock Exchange. Masdar's growth ambitions in Greece and Europe aim to reach a global capacity of 100 GW by 2030. Terna Energy, established in 1997, focuses on wind, solar, hydroelectric, and pumped storage projects in Greece and Europe.

Masdar as well as Hassan Allam Utilities see Egypt as a hub for green hydrogen manufacturing, targeting the bunkering market, export to Europe, and also

renewables developer Masdar has signed an implementation agreement with the government of Uzbekistan to develop a 2-GW wind farm and install 1.15 GWh of

Masdar, a leading renewable energy developer from the UAE, and Albania's state-owned Korporata Elektroenergjitike Shqiptare (KESH) have signed a term sheet to explore a joint venture focused on gigawatt-scale renewable energy projects in Albania. This partnership, which could include solar, wind, and hybrid solutions, along with battery storage integration, aims to enhance Albania’s renewable energy capacity and facilitate energy exports to neighboring countries.The agreement was signed at the COP29 climate summit in Azerbaijan, highlighting both companies' commitments to sustainable energy development. KESH CEO Erald Elezi emphasized the importance of this joint venture for Albania's energy diversification, while Masdar CEO Mohamed Jameel Al Ramahi described it as a significant step in Masdar's expansion into the Balkans and Southeast Europe, following the company’s recent acquisition proposals and project developments in the region. How will Masdar and KESH's partnership impact Albania's renewable energy landscape? Enhanced Renewable Energy Capacity: The partnership between Masdar and KESH is expected to significantly increase Albania's renewable energy generation capacity. By leveraging Masdar's expertise and technological innovation, the joint venture could lead to the development of multiple large-scale projects, thereby bolstering the overall energy supply in the country. Diversification of Energy Sources: The collaboration will allow for a more diversified energy mix in Albania. This is particularly crucial given the country’s current reliance on hydropower, which can be affected by weather variability. The introduction of solar, wind, and battery storage solutions will help stabilize energy production and ensure a more resilient energy system. Potential for Energy Exports: With increased renewable energy generation, Albania could position itself as a significant player in the regional energy market, creating opportunities for energy exports to neighboring countries. This could enhance energy security in the region and provide Albania with additional revenue streams. Investment and Job Creation: The partnership is likely to attract substantial foreign investment, which can stimulate local economies and create job opportunities in the renewable energy sector. This includes jobs in construction, maintenance, and operation of renewable energy plants, as well as ancillary services. Technological Advancement: Masdar's involvement brings cutting-edge technologies in renewable energy development. This can result in knowledge transfer and capacity building for local engineers and technicians, thus enhancing the skill sets available within Albania's energy workforce. Alignment with Climate Goals: The joint venture supports Albania's commitments to reduce carbon emissions and transition to a more sustainable energy framework, aligning with global climate targets. By increasing the share of renewables in its energy mix, Albania can make significant strides toward meeting its sustainability objectives. Rural Development and Infrastructure Improvement: The renewable energy projects are likely to be developed in rural areas, which can lead to improved local infrastructure, such as roads and electricity access. This can enhance the quality of life for local communities and stimulate economic growth in less-developed regions. Long-term Energy Stability: By investing in renewable energy, the partnership aims to create a more stable and predictable energy supply, reducing dependence on fossil fuels and mitigating the impact of volatile energy prices in international markets. Insurance Against Climate Risks: With climate change posing risks to traditional energy sources, diversifying into renewables will provide Albania with a buffer against climate-related impacts, securing energy supplies even in extreme weather situations. Involvement in Regional Energy Partnerships: This development may position Albania as a key player in regional energy initiatives, enabling collaborations with neighboring countries on energy infrastructure, grid interconnections, and joint renewable energy projects. Public Awareness and Support for Renewables: The focus on large-scale renewable projects may enhance public awareness of the benefits of renewable energy in Albania. Increased visibility and government support can lead to greater acceptance and participation from citizens in the transition to sustainable energy practices.

in Central Asia, UAE flagship company creating renewable energy, Masdar has actually revealed new deal with the State Oil Company of the Republic of