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Masdar

Renewable Energy

Masdar Overview

The UAE government established Abu Dhabi Future Energy Company – Masdar – in 2006 to diversify its resources and boost the local economy.

Owned by the UAE’s Mubadala, Adnoc and TAQA, Masdar focuses on green hydrogen and renewable energy projects spanning solar and wind power, energy storage, waste-to-energy and geothermal energy.

Founded by Sultan Al Jaber in 2006, Masdar is based in its own sustainable urban development project Masdar City in Abu Dhabi, which is also home to the International Renewable Energy Agency (Irena)

It has developed projects in more than 40 countries across six continents with a combined capacity of more than 31.5GW.

GCC-based projects include the UAE Wind Project and Shams solar power station in Dubai, the Al Henakiyah Solar plant in Saudi Arabia and the Dhofar Wind Project in Oman.

Further afield Masdar is involved in numerous renewables projects in the South Pacific Islands, the Siwa and Toshka solar plants in Egypt, the Rocksprings Wind Farm in the US and the $11 billion Dogger Bank offshore wind farm project in the UK.

It has also been increasing its stakes in international renewables companies, including California-based Terra-Gen Power and the Spanish electric utility company Endesa.

Masdar News

State-owned Gulf businesses have been raising debt but issues face high borrowing costs

Gulf issuers plan debt sales, undeterred by market turmoil

Gulf issuers, including Saudi Arabia’s $925 billion sovereign wealth fund, are working on a round of bond offerings, according to sources, braving debt markets despite recent turmoil ignited by US President Donald Trump’s tariff policies. Markets have been volatile since Trump announced sweeping tariffs on April 2, even after he rolled most of them back, as investors struggle to […]

Programming, data center and a man with a laptop for maintenance, cyber security and internet check

Khazna builds data centres to plug UAE capacity shortage

State-controlled Khazna, the UAE’s largest data centre operator, has started building two new facilities to support the federation’s digital and artificial intelligence (AI) growth as the Gulf state grapples with a capacity shortage.  Originally owned by Abu Dhabi’s Mubadala sovereign wealth fund, Khazna was in 2022 transferred to the emirate’s G42 and e&, the national […]

Jakarta, the capital of Indonesia. Qatar is investing heavily in the country

Indonesia and Qatar to set up $4bn joint fund

Indonesian sovereign wealth fund Danantara Indonesia and Qatar Investment Authority will set up a joint fund worth $4 billion to invest in so-called domestic priority sectors in the southeast Asian country. These include food and energy security, downstream processing, digital infrastructure, healthcare and tourism, Indonesian state-run Antara news agency reported, quoting Danantara chief investment officer […]

Darmawan Prasodjo, president director of PT PLN, and Mohamed Jameel Al Ramahi, CEO of Masdar, sign the solar plant agreements

Masdar to build floating solar plants in Indonesia

Abu Dhabi Future Energy Company (Masdar) is to start building floating solar power projects this year in Indonesia, southeast Asia’s largest energy market, the company said in a statement. The UAE renewables company signed two agreements with PT PLN (Persero), Indonesia’s state-owned electricity company, during a state visit by Indonesian President Prabowo Subianto to the […]

US energy secretary Chris Wright met UAE President Sheikh Mohamed bin Zayed Al Nahyan and Adnoc CEO Sultan Al Jaber in Abu Dhabi

Visiting US energy minister expects more UAE investment

The US administration expects “growing” investment from the UAE in the US energy sector, its energy secretary Chris Wright said during a visit to Abu Dhabi this week. On his first overseas trip since taking office, Wright met senior officials from the UAE – the Middle East’s third-largest oil producer – including Abu Dhabi National […]

Wind turbines in Pastra, Greece. Masdar has been investing in the country and elsewhere in Europe

Masdar IPO could help accelerate Gulf’s energy transition

An initial public offering by Abu Dhabi’s Masdar could mark a pivotal moment in the move towards cleaner sources of power in not only the world’s largest oil-producing region, but also in Europe, industry observers say. Masdar, more officially known as the Abu Dhabi Future Energy Co, is considering an IPO next year to fund […]

One solar panel in North Africa generates two to three times the amount of power that one does in Europe

Plans to bring African energy to Europe face big challenges

At least five multi-billion dollar projects to bring up to 24 gigawatts of solar and wind power energy from sunny North Africa to chilly Europe, assisted by Gulf investment money, are currently being planned. But these ambitious schemes to reduce Europe’s reliance on fossil fuels generally, and energy supplies from Russia specifically, all face major […]

Masdar said it "has no current plans to go public", adding it did not comment on "market speculation"

Masdar weighs IPO on Abu Dhabi stock exchange

Abu Dhabi’s state-owned renewables company Masdar is in the early stages of considering an initial public offering (IPO), three people with knowledge of the matter told Reuters. The company is considering a possible listing in Abu Dhabi to raise funding for renewable projects, said two of the sources, with one of them saying a dual […]

In 2024, Masdar completed acquisitions in Greece, Spain and the US

UAE’s Masdar expands renewable energy footprint

Abu Dhabi renewable energy company Masdar invested nearly AED30 billion ($8.2 billion) in equity last year and secured more than AED16.5 billion in project financing across nine countries. The company, which is targeting a renewable energy portfolio capacity of 100 gigawatts by 2030, has developed and partnered in projects in more than 40 countries, the […]