Masdar has secured a USD5.1bn financing package for a gigascale 24/7 renewable energy consisting of a 5.2 GW solar PV project with a 19 GWh BESS project in the United Arab Emirates (Masdar press release, 13/07/2026). The project represents a total investment of USD6.1bn from its developers, Masdar and the Emirates Water and Electricity Company (EWEC), and it is being backed by 13 international and local banks. Masdar broke ground on the project in October 2025 and it aims to start operations in 2027.
Masdar has a diversified portfolio of over 65 GW covering renewable technologies such as solar, onshore wind, offshore wind, BESS and hybrid solutions. The company aims to reach a total renewable energy capacity of 100 GW by 2030.
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