In Short : The Asian Development Bank (ADB) and Abu Dhabi-based Masdar have signed a US $30 million financing agreement to support the Guzar Solar and Battery Energy Storage System (BESS) project in Uzbekistan’s Kashkadarya region. The deal, part of a larger US $225 million renewable energy package, will expand a 300 MW solar plant […]
ReNew Energy Receives $8.15 Share Takeover Offer from Masdar, CPP Investments, and Founder – EQ
In Short : ReNew Energy Global Plc has received a final non-binding takeover offer from a consortium including Masdar, CPP Investments, ADIA’s Platinum Hawk, and founder Sumant Sinha. The proposal values all outstanding shares at $8.15 each, representing a 15.3% increase over the initial bid. ReNew’s board has formed a committee to review the offer […]
Masdar and Iberdrola Deepen Green Alliance with €5.2 Billion UK Offshore Wind Investment – EQ
In Short : UAE’s Masdar and Spain’s Iberdrola are jointly investing €5.2 billion in the 1.4 GW East Anglia THREE offshore wind farm in the UK. Located off Suffolk’s coast, the project has secured €4.1 billion in financing and is set to begin operations by late 2026. This investment supports their €15 billion clean energy […]
Masdar snaps up 234-MW solar project in Spain’s Valencia – EQ
In Short : Masdar, the UAE-based renewable energy giant, has acquired a 234-MW solar power project in Valencia, Spain, as part of its global expansion in clean energy. This acquisition strengthens Masdar’s presence in Europe and aligns with its goal of accelerating the transition to renewable energy. The project will contribute to Spain’s green energy […]
Masdar, Silk Road seal $2.8bn MoU – EQ
In Short : Masdar and Silk Road Fund have signed a $2.8 billion Memorandum of Understanding (MoU) to advance clean energy projects. The partnership aims to foster investments in renewable energy infrastructure, supporting global sustainability goals. This collaboration strengthens ties between the UAE and China, leveraging expertise to accelerate the transition to greener, low-carbon energy […]
Masdar to acquire Terna Energy for 3.2 billion euros – EQ
In Short : Masdar is set to acquire Terna Energy for €3.2 billion. This acquisition will expand Masdar’s renewable energy portfolio and strengthen its presence in the European market, marking a significant step in global clean energy investments. In Detail : Abu Dhabi Future Energy Company (Masdar) is set to acquire Terna Energy at an […]
Masdar signs agreement to develop over 2 gw of clean energy in Uzbekistan – EQ Mag
“The world needs to triple global renewable energy capacity by 2030 to reach the goals set out in the Paris Agreement. As we prepare to host COP28 in the UAE, we believe ambitious partnerships with countries like Uzbekistan are vital in helping to meet this target.” The agreement was jointly signed in Uzbekistan by Azim […]
ADB, MASDAR to Unlock Uzbekistan’s Renewable Power Potential With 3 New Solar Power Plants – EQ Mag
TASHKENT, UZBEKISTAN : The Asian Development Bank (ADB) and Abu Dhabi Future Energy Company PJSC (Masdar) have signed three loans to build three solar power plants in Uzbekistan’s Surkhandarya (Sherabad), Samarkand, and Jizzakh regions. Together these power plants will be able to generate 897 MW, making them the region’s largest solar power development. The financing […]
Masdar to Develop 5 GW of Renewable Energy Projects to Advance Africa’s Clean Energy Objectives – EQ Mag
UAE’s global clean energy powerhouse signs deals for projects with a combined generation capacity of 5 GW across Angola, Uganda, and Zambia Agreements signed under umbrella of Etihad 7 – a global development fund launched by the UAE to provide 100 million people across African continent with clean electricity by 2035 ABU DHABI, UAE : Masdar […]
UAE’s Masdar to develop renewable energy projects in Kyrgyzstan – EQ Mag
DUBAI: Abu Dhabi renewable energy firm Masdar has signed an agreement with Kyrgyzstan’s energy ministry to develop clean energy projects with a capacity to generate 1 gigawatt (GW), it said on Tuesday. The pipeline of projects will start with a 200 megawatt solar photovoltaic plant scheduled to begin operations by 2026, Masdar said in a […]