Search

Masdar, a renewable energy developer from the UAE, has acquired a 234-MW solar project in Spain's Valencia region. This acquisition marks a significant expansion of Masdar's renewable energy portfolio in Europe, aligning with its strategic goals to increase clean energy investments globally.The project also includes the potential integration of a 259-MW battery energy storage system (BESS), enhancing its capacity to store and manage energy efficiently. This development underscores Masdar's commitment to advancing sustainable energy solutions and supporting Spain's transition to renewable energy sources. How Will Masdar's Acquisition Impact Spain's Renewable Energy and Storage Capabilities? Increased Renewable Energy Capacity: The acquisition will boost Spain's renewable energy capacity, contributing to the country's goals of increasing the share of renewables in its energy mix. Enhanced Energy Storage: The integration of a 259-MW battery energy storage system (BESS) will improve grid stability and energy management, allowing for better handling of intermittent solar power. Job Creation and Economic Growth: The project is likely to create jobs during the construction and operational phases, stimulating local economies in the Valencia region. Technological Advancements: Masdar's involvement may introduce advanced technologies and best practices in solar energy and storage, fostering innovation in Spain's renewable sector. Strengthened Energy Security: By increasing domestic renewable energy production, Spain can reduce its reliance on imported fossil fuels, enhancing energy security. Support for Climate Goals: The project aligns with Spain's climate targets, contributing to the reduction of greenhouse gas emissions and supporting the EU's broader environmental objectives. Increased Investment in Renewables: Masdar's investment may encourage further international and domestic investments in Spain's renewable energy sector, accelerating the transition to clean energy. Regional Leadership in Renewables: The project positions Spain as a leader in renewable energy within Europe, showcasing its commitment to sustainable energy solutions. Potential for Future Collaborations: The acquisition could pave the way for future collaborations between Masdar and Spanish energy companies, fostering international partnerships in the renewable energy space.

Masdar and the Armenian National Interests Fund (ANIF) cemented their plans to cooperate this past weekend in Abu Dhabi by entering into a formal agreement to develop 400 MW of solar PV capacity in Armenia, following the signing of a memorandum of understanding (MoU) in July. ANIF, a state-owned foreign direct investment vehicle, said that the deal with the United Arab Emirates-based clean energy developer will lead to “an investment of between $300 million and $320 million.” Ground-mounted and floating PV The first part of the deal involves the construction of a 200 MW solar plant in western Armenia, using bifacial technology. However, the broader agreement also includes the development, construction, operation and maintenance of ground-mounted PV installations, floating solar arrays, and wind farms, ANIF said. The original MoU in the summer only outlined plans for 200 MW of utility-scale PV and 100 MW of floating solar. The pace of progress is impressive, according to Masdar CEO Mohamed Jameel Al Ramahi, who described Armenia as “a fast-growing economy with an increasingly open and supportive environment for inward investment.” He said these conditions were an “important reason why we have been able to move forward in our partnership with ANIF so swiftly.” “Our two teams have gelled as a single unit over the past few months, and I am happy to report that we have sent a highly competitive written proposal to the government of Armenia which outlines the details of the 400 MW of solar PV that we are jointly proposing,” added David Papazian, CEO of ANIF. The companies have yet to disclose the rate at which the proposed projects will sell electricity to the grid, which is the single buyer. But the agreement is good news for Armenia, which needs to attract foreign capital. However, one drawback is that the deal downplays competition, because the generation tariff will be determined by negotiations with Armenia’s government, rather than through a competitive process such as an auction. Last year, Spanish developer Fotowatio Renewable Ventures (FRV), which is part of Abdul Latif Jameel Energy, won a tender to build a 55 MW solar plant in Armenia. It agreed to sell the electricity to the distribution grid at a bidding price of AMD 20.11 ($0.046)/kWh. It is expected that the tariff for Masdar’s 200 MW plant will be lower than FRV’s project. That will only become clear if the agreed rate is publicly disclosed after a deal is finalized with the Armenian government. However, Masdar did not publicly disclose the tariff for another 200 MW solar project in Jordan that it agreed to develop back in 2016. Armenia’s PV sector Armenia has about 50 MW of solar capacity in operation at present, with another 250 MW approved for construction, ANIF said, noting that an additional 700 MW is planned for development. In August, the European Bank for Reconstruction and Development (EBRD) also revealed that it is seeking consultants to set up tenders for five large-scale PV projects in Armenia. The projects will range in size from 5 MW to 19.4 MW. Armenia’s cumulative installed capacity is about 2.8 GW, spread equally across nuclear, hydro and gas power plants. However, given an anticipated increase in electricity demand, the country is now trying to exploit renewable energy sources and ease its dependence on imported fuel. The government has therefore pledged to generate 30% of its electricity from renewable energy systems by 2025, with “the potential to integrate as much as 1,000 MW of solar energy,” according to ANIF. Armenia receives an estimated 1,720 kWh of solar energy per square meter, while many of its 200-plus rivers and lakes are also suitable surfaces for floating PV projects.

renewable energy company Masdar has started operation of its 308MWp Garadagh (Area 60) Solar PV project in Azerbaijan. The project spans an area of 5.5

Masdar and W Solar Investment have entered into a joint venture to explore the development of at least 500MW of clean energy projects in Tajikistan. The JV, called MW Energy, has signed a memorandum of understanding with the country's Ministry of Energy and Water Resources. The agreement calls for the joint venture to develop solar, wind and hydroelectric projects in the Central Asian nation. This is part of Tajikistan's plan to increase its generation capacity of solar and wind energy by 700MW by 2030, with 450MW of this planned to be developed with the help of international consulting companies and financial support from international financial institutions. What Is MW Energy's Plan to Develop 500MW of Clean Energy in Tajikistan? MW Energy will explore development of at least 500MW of clean energy projects in Tajikistan. The joint venture between Masdar and W Solar Investment will develop solar, wind and hydroelectric projects in the country. The agreement with the Tajikistan Ministry of Energy and Water Resources calls for MW Energy to develop projects that will increase the country’s generation capacity of solar and wind energy by 700MW by 2030. The project will receive 450MW of support from international consulting companies and financial institutions to ensure its successful completion. The project will be an important part of Tajikistan’s energy strategy, providing clean energy sources to the country’s population. MW Energy will work with local authorities in Tajikistan to ensure the project is developed in a way that is beneficial to local communities. MW Energy will also seek to ensure that the project is financially feasible and economically viable.

that will see the French oil significant create up to 1GW of PV projects. For Masdar, the contract implies it is currently energetic in greater than 30 countries

strengths to bring more lasting energy projects to fulfillment." For Masdar, the offer comes as it looks at chances to increase its tidy energy portfolio

certainly produce roughly 258.2 gWhs of power each year when it comes online. Masdar developed Nur Navoi FE LLC (NNS) as the local project firm to supply and

priest of electrical energy, and also Jameel Al Ramahi, the chief executive of Masdar. Al Ramahi commented: "This agreement will certainly define the path for the

Masdar has contracted JA Solar to supply 1 GWp of DeepBlue 4.0 Pro modules for two photovoltaic projects in Azerbaijan: the 315 MW Banka Solar and 445 MW Bilasuvar Solar plants. These modules are designed to withstand harsh environmental conditions, making them suitable for the semi-arid Caspian corridor. The projects, developed with SOCAR, began construction in June 2025 and are expected to be operational by 2027, delivering 1.53 billion kWh annually, offsetting 1.15 million tonnes of CO₂, and powering over 300,000 homes.This order strengthens JA Solar's presence in Central Eurasia and supports Azerbaijan's goal to reduce greenhouse-gas emissions by 40% by 2050 and increase renewable capacity to 30% of its power mix. It also aligns with Masdar's aim to achieve 10 GW of overseas clean-energy capacity by 2030. Module deliveries will start in early 2026, with grid connection via new 330-kV lines to enhance system stability and export potential. How will JA Solar's modules impact Azerbaijan's renewable energy and emission goals? JA Solar's modules will significantly contribute to Azerbaijan's renewable energy capacity, helping the country move closer to its target of having 30% of its power mix from renewable sources by 2050. The deployment of these modules will aid in reducing Azerbaijan's greenhouse gas emissions, supporting the national goal of a 40% reduction by 2050. The projects will enhance energy security and reduce reliance on fossil fuels, aligning with global trends towards sustainable energy solutions. By generating 1.53 billion kWh annually, the projects will provide clean energy to over 300,000 homes, demonstrating a substantial impact on local communities. The use of advanced technology in JA Solar's modules, designed for harsh conditions, ensures long-term reliability and efficiency, crucial for the semi-arid Caspian corridor. The projects will create job opportunities during the construction and operational phases, contributing to local economic development. The new 330-kV lines for grid connection will not only stabilize the local energy system but also enhance Azerbaijan's potential to export renewable energy to neighboring regions. The collaboration with international partners like Masdar and SOCAR highlights Azerbaijan's commitment to integrating global expertise and investment in its renewable energy sector These projects will serve as a model for future renewable energy developments in the region, showcasing the viability and benefits of large-scale solar installations.

state-owned energy company, has chosen the bid of UAE-based developer Masdar as the winner among the 23 it received for the the country’s first large-scale

Masdar has won the auction for development of photovoltaic installation with a capacity of 200 megawatts around 75km southwest of Azerbaijani capital. There were 7 bidders competing with UAE’s developer in three stages of the tender.  The auction was issued in the summer of 2019, which had been preceded by EBRD launching an open call for hiring a consultant to assist the Azerbaijan’s authorities in holding tenders for green power projects. Solar potential of the country was estimated at 8 gigawatts, but only 36 megawatts of photovoltaic capacity was deployed in Azerbaijan before the turn of the year 2018/19.  Today, there are two utilities dominating the country’s energy sector. These are Baku-based grid operator Azerishiq and the country’s major power producer AzerEnerji. The former is responsible for power distribution, while the latter specializes in generating and transmitting electricity.  During the new year, the government of Azerbaijan is planning to bring to operation about 600 megawatts of photovoltaic capacity and thus achieve the targeted 20-percent share of clean power in the sector. In five years from now, this value is expected to rise to 30 percent. A quarter of a century later, the ambition is to supply half of the electricity needs from green energy sources.

Masdar, a UAE-based renewable energy developer, has partnered with Malaysia’s Sarawak Energy and clean energy provider Gentari to explore the feasibility of a floating solar park in Sarawak, on Borneo island. The joint study will focus on assessing technical, environmental, and economic aspects for a potential large-scale installation at the Murum hydropower plant reservoir.If the assessment yields favorable results, the project could enhance Sarawak's renewable energy capacity and contribute to Malaysia’s goals of achieving a 31% renewable energy share by 2025 and 40% by 2035. The initiative aligns with Masdar's broader strategy to advance renewable projects in Malaysia, following a prior agreement to develop up to 10 GW of renewable energy capacity. What are the implications of the floating solar park project for Sarawak's energy goals? Implications of the Floating Solar Park Project for Sarawak's Energy Goals Increased Renewable Energy Capacity: The floating solar park could significantly boost Sarawak's renewable energy generation, helping the state meet its ambitious targets for renewable energy integration. This aligns with Malaysia's broader goals to increase the renewable energy share in its energy mix. Synergy with Existing Hydropower Infrastructure: By leveraging the Murum hydropower plant reservoir, the floating solar project can operate alongside existing hydropower resources, optimizing land use and enhancing overall energy efficiency in the region. Diversification of Energy Sources: The project introduces solar energy into Sarawak’s energy mix, reducing reliance on traditional fossil fuels and promoting energy diversification. This can also help stabilize energy prices by mitigating fluctuations caused by fuel market volatility. Environmental and Ecological Benefits: Floating solar panels can reduce water evaporation from reservoirs, which is particularly important in tropical regions where water conservation is critical. Moreover, when properly designed, these systems can have lower ecological footprints compared to land-based solar farms, preserving local ecosystems. Economic Opportunities: The construction and operation of the floating solar park can create jobs and stimulate local economies. This may involve workforce training in renewable energy technologies, thereby enhancing local capabilities and creating skilled employment opportunities. Attraction of Foreign Investment: Collaborations with international companies such as Masdar can attract further foreign investment in Sarawak’s renewable energy sector. This presents opportunities not only for funding but also for technology transfer and capacity building. Promotion of Sustainable Development Goals (SDGs): By advancing renewable energy projects, Sarawak can contribute to several United Nations Sustainable Development Goals, including Affordable and Clean Energy (Goal 7), Climate Action (Goal 13), and Decent Work and Economic Growth (Goal 8). Scaling Up Future Projects: Success in the feasibility study and subsequent implementation of the floating solar park can serve as a model for future renewable energy projects in Sarawak and across Malaysia. This may encourage similar initiatives in other regions, further enhancing the country's renewable footprint. Resilience to Climate Challenges: By investing in renewable energy sources like solar, Sarawak can enhance its resilience to climate change and extreme weather events, reducing vulnerability to power outages caused by climate impacts that affect traditional energy sources. Community Engagement and Support: The project can foster community awareness and support for renewable energy initiatives through educational programs and stakeholder engagement, ensuring that local populations are informed and involved in the transition towards sustainable energy solutions. Technology Development and Innovation: The floating solar park presents an opportunity to innovate in renewable technology, potentially leading to advancements in solar efficiency, energy storage, and grid integration that can benefit not just Sarawak but the broader region. In summary, the floating solar park initiative has the potential to significantly impact Sarawak's energy goals by augmenting renewable generation, promoting sustainable practices, and facilitating economic growth and community involvement in the transition to a greener energy future.

consortium led by UAE-based Masdar, alongside GD Power from China and Korea Electric Power Corporation (KEPCO), has secured the development rights for the 2-GW Al

Dhabi-headquartered renewables business Masdar claimed it has actually authorized a memorandum of understanding (MOU) with France's EDF Renewables,

table. Bidder Proposed capacity (MW) Tariff quoted (USD per MWh) Masdar 457 18.045 Jinko Power/China Power 500 21.621 Acwa