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Masdar and Samruk-Kazyna to develop renewables in Kazakhstan

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Masdar has signed a collaboration agreement with Kazakhstan’s sovereign wealth fund, Samruk-Kazyna, to develop renewable energy and battery energy storage system (BESS) projects in the country. The signing was witnessed by Abu Dhabi Crown Prince Sheikh Khaled bin Mohamed bin Zayed Al Nahyan and Kazakhstan President Kassym-Jomart Tokayev. The partners plan to launch a ’24/7′ renewable energy initiative to deliver up to 500MW of baseload clean energy, alongside BESS projects with up to 2GW of…

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Masdar, EDF Renewables sign PPA with Soluna for wind power

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EDF Renewables North America and Abu Dhabi Future Energy Company (Masdar) have signed a power purchase agreement (PPA) with data center developer Soluna Holdings.  Under this agreement, Soluna will purchase up to 166 MW of energy from the Las Majadas wind project to power its upcoming data center, Project Kati, near the wind project’s substation in Willacy County, Texas. The 273 MW Las Majadas wind farm has been operational since 2021. Project Kati will utilize…

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TotalEnergies, Masdar, EPointZero partner for clean energy in Africa and Asia

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TotalEnergies, Masdar, and EPointZero have signed a framework for action agreement to enhance clean energy access in Africa and Asia.  The collaboration follows a meeting between UAE President Sheikh Mohamed bin Zayed Al Nahyan and French President Emmanuel Macron, focusing on sustainable electricity provision and clean energy opportunities. Masdar and TotalEnergies will work to deliver reliable and sustainable electricity to African communities, supporting long-term energy transformation. In Southeast Asia, they aim to jointly develop clean…

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Masdar strengthens European presence with two Iberian acquisitions

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Masdar has expanded its footprint in Europe by completing two acquisitions in the Iberian Peninsula. Along with its institutional partners, Masdar acquired Saeta Yield from Brookfield Renewable Partners for an enterprise value of €1.2 billion and an equity value of €696 million.  Saeta’s portfolio includes 745 MW of wind assets, with 538 MW in Spain, 144 MW in Portugal, and 63 MW of solar PV assets in Spain, along with a 1.6 GW development pipeline….

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Masdar inaugurates 500MW Zarafshan wind farm in Uzbekistan

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Masdar, an Abu Dhabi-based future energy company, has inaugurated the 500MW Zarafshan wind farm in Uzbekistan, marking the largest wind facility in Central Asia.  The project was officially opened by Uzbekistan’s President Shavkat Mirziyoyev, underscoring the country’s dedication to expanding its clean energy capacity and its partnership with the UAE in advancing renewable energy. Masdar CEO Mohamed Jameel Al Ramahi emphasized Uzbekistan’s role as a key hub for renewable energy, leveraging its historical legacy and…

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Investors propose taking ReNew Energy Global private in deal

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Major investors in ReNew Energy Global have proposed taking the clean power generator private in a deal valued at $2.82 billion.  The consortium, which includes the Canada Pension Plan Investment Board and UAE-based Masdar, holds 64% of the company’s voting rights and has offered to buy ReNew’s shares at $7.07 each. The offer represents an 11.5% premium on ReNew’s closing price of $6.34 on December 10, 2024. Following the announcement, ReNew’s stock closed at $7.46,…

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Masdar and SOCAR achieve financial close for 760MW solar projects in Azerbaijan

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Masdar and SOCAR Green have achieved financial close for two solar projects in Azerbaijan: the 445MW Bilasuvar plant and the 315MW Neftchala plant, with a combined capacity of 760MW. The total investment for the projects exceeds $600 million, funded by the European Bank for Reconstruction and Development, the Asian Development Bank, and the Asian Infrastructure and Investment Bank. The financial agreements were signed during the COP29 conference in November 2024 in Baku, Azerbaijan. Groundbreaking for…

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Masdar and KESH to explore renewable energy projects in Albania

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Masdar and Albania’s Korporata Elektroenergjitike Shqiptare (KESH) have signed a term sheet agreement to jointly explore gigawatt-scale renewable energy projects in Albania.  This collaboration will focus on developing, constructing, and operating solar, wind, and hybrid energy projects, with potential integration of battery storage to enhance Albania’s clean energy infrastructure. The generated energy will serve both domestic demand and exports to neighboring countries. This agreement marks a further step in Masdar’s global renewable energy expansion, with…

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Masdar and partners to develop 1GW wind farm with battery storage in Kazakhstan

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Masdar has signed an investment agreement with W Solar, Qazaq Green Power, and the Kazakhstan Investment Development Fund to develop a 1 GW wind farm in Kazakhstan’s Jambyl region, marking Masdar’s first project in the country. The project includes a 600 MWh battery storage system to enhance grid stability. Construction of the wind facility is set to begin in Q1 2026, supporting Kazakhstan’s energy transition goals to reach 15% renewable capacity by 2030 and 50%…

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Masdar, Sarawak Energy, and Gentari explore floating solar plant in Malaysia

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UAE’s Masdar has entered a joint study agreement with Sarawak Energy and Gentari to evaluate the feasibility of a floating solar power plant at the Murum Hydroelectric Plant reservoir in Sarawak, Malaysia. The study will assess the technical feasibility, environmental impact, and economic viability of the project. If implemented, the floating solar plant would strengthen Sarawak’s renewable energy capacity and set a regional example for floating solar solutions.  Sarawak Energy Group CEO Datuk Sharbini Suhaili…