Abu Dhabi-based clean energy giant Masdar, SOCAR Green, and Saudi-listed ACWA Power have signed a Memorandum of Understanding (MoU) to develop 3.5 gigawatts (GW) of offshore wind power in Azerbaijan. The planned projects mark Azerbaijan’s entry into offshore wind, a significant step toward the country’s renewable energy and decarbonization goals. The collaboration will advance renewable […]
Abu Dhabi Future Energy Company PJSC – Masdar has made headlines with its latest announcement, marking a significant advancement in the renewable energy sector. The UAE’s clean energy leader revealed a groundbreaking agreement with Endesa S.A., which will see Masdar invest €817 million to acquire a substantial 49.99% stake in a portfolio of renewable energy […]
In a significant move to advance green hydrogen development, BP has partnered with Masdar, Hassan Allam Utilities, and Infinity Power in a Joint Development Agreement (JDA) for a multi-phase green hydrogen project in Egypt. This collaboration aims to harness Egypt’s vast renewable resources to create a major green hydrogen production hub focused on global exports. […]
Abu Dhabi Future Energy Company PJSC – Masdar, the UAE’s leading clean energy firm, has announced a definitive agreement to acquire 67% of Terna Energy SA’s outstanding shares, valued at 2.4 billion euros. This acquisition, subject to regulatory approvals and other conditions, marks a historic moment as the largest ever energy transaction on the Athens […]
Abu Dhabi Future Energy Company PJSC – Masdar, a leader in the UAE’s renewable energy sector, and the State Oil Company of Azerbaijan Republic (SOCAR), have commenced the groundbreaking of three significant solar and wind energy projects in Azerbaijan. This development, with a combined capacity of 1 gigawatt (GW), was officially initiated during the opening […]
Dubai Electricity and Water Authority (DEWA) and Abu Dhabi Future Energy Company (Masdar) have marked a significant milestone in the renewable energy sector with the financial closing of the sixth phase of the Mohammed bin Rashid Al Maktoum Solar Park. This phase propels the solar park into the global spotlight as the largest single-site solar […]
The Renewable EPC arm of Larsen & Toubro, a renowned Indian multinational conglomerate, has achieved a significant milestone by securing the contract to develop a substantial 1800 MWac Solar Photovoltaic Plant in Dubai, United Arab Emirates. This project, valued at a significant but undisclosed amount, represents a major step in renewable energy development in the […]
Abu Dhabi Future Energy Company PJSC – Masdar, a leader in renewable energy, and CMA CGM Group, a global force in sea, land, air, and logistics solutions, have entered into a pivotal Strategic Supply Partnership (SSP). This collaboration aims to explore long-term green maritime fuels offtake contracts to supply CMA CGM vessels, setting a new […]
TotalEnergies and Masdar have successfully conducted a groundbreaking test flight in Dubai, showcasing the potential of converting Methanol to Sustainable Aviation Fuel (SAF). This significant development occurred alongside COP28 in the UAE, marking a pivotal step in the journey towards sustainable aviation. The collaboration involved key industry players, including the UAE General Civil Aviation Authority, […]
Abu Dhabi Future Energy Company PJSC – Masdar, the United Arab Emirates’ leading clean energy company, has announced a landmark agreement with the Jordanian Ministry of Energy and Mineral Resources. The agreement includes a joint development plan for a 1 gigawatt (GW) wind project with a battery energy storage system (BESS) and a memorandum to […]