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Masdar

Masdar News

Masdar chairman Sultan Al Jaber and Iberdrola executive chairman Ignacio Galan

Masdar buys 49% stake in German wind farm project

UAE renewable energy company Masdar is buying a 49 percent stake in Spanish utility Iberdrola’s 476MW offshore wind farm in the German Baltic Sea for €375 million ($414.5 million). The Baltic Eagle wind farm is valued at €1.6 billion, with Iberdrola controlling and managing the asset and providing operation and maintenance services. Baltic Eagle consists […]

Saudi Crown Prince meets with President Shavkat Mirziyoyev of Uzbekistan

Clean energy set to power GCC-Central Asia trade growth

Leaders from the GCC and countries in Central Asia, known as the C5 bloc, have pledged to boost trade, with clean energy expected to be at the heart of the relationship. The pledge was made at a summit held last week in Jeddah, which built on a meeting last September between foreign ministers from both […]

Inpex Masdar Abu Dhabi

Masdar and Adnoc agree trio of green hydrogen deals

Abu Dhabi renewable energy company Masdar has agreed a deal with two Japanese energy and chemicals firms to explore production of commercial-scale polypropylene made from carbon dioxide and green hydrogen in the UAE.  Masdar has teamed up with Japan’s Mitsubishi Chemical Group Corporation and Inpex Corporation, a Japanese oil and gas company. They have signed […]

Acwa Power signed funding agreements with EBRD and the Opec Fund to develop a 240-MW wind power project in Azerbaijan

Saudi firm agrees deal for 10GW wind farm in Egypt

Acwa Power, a Saudi-listed company and the world’s largest private water desalination company, has signed a memorandum of understanding with Egypt’s New and Renewable Energy Authority to allocate land for a 10 gigawatt wind project. The agreement allocates approximately 3,000 sq km of land west of Sohag, an urban centre on the Nile, for the […]

Brazil UAE minister of energy

Defence giant leads UAE charge into Latin America

UAE defence conglomerate Edge has partnered with the Brazilian navy to develop long-range anti-ship missiles, weeks after opening a new regional office in the federal capital, Brasilia.  The deal, described as a “significant milestone” by Mansour AlMulla, managing director and CEO of Edge, was signed during the visit of a delegation led by Reem bint […]

UK Gulf investment

UK must court Gulf investors despite Thames Water crisis

The UK’s investment minister has said that the country must continue to incentivise foreign investment in its utilities sector, despite ongoing concerns that Thames Water, which is part owned by Abu Dhabi, could be on the verge of collapse. In an interview with AGBI this week, Lord Dominic Johnson, a minister of state in the […]

Egypt's prime minister Mostafa Madbouly and his finance minister Mohamed Maait. Egypt plans to sell state assets to attract $40 billion in investment

Egypt pins hopes on FDI to offset domestic woes 

Egypt’s faltering privatisation drive was given a shot in the arm this week after the government announced that it had entered into a five-year partnership with the International Finance Corporation to sell off state assets. Under the partnership, the IFC – the private sector development arm of the World Bank – will help to structure […]

Acwa Power Kazakh wind project

Acwa Power agrees $1.5bn Kazakh wind project 

Saudi renewable energy firm Acwa Power has signed an agreement with the Kazakhstan energy ministry and Samruk-Kazyna, the Central Asian nation’s sovereign wealth fund, for a one-gigawatt wind energy and battery storage project. Boasting an investment tag of $1.5 billion, the project, the Saudi-listed company’s first in Kazakhstan, is the largest investment by the kingdom in […]