**Abu Dhabi**: Masdar, the Abu Dhabi Future Energy Company, has made strides in renewable energy, executing AED30 billion in investments and targeting 100 GW capacity by 2030. The firm is enhancing its portfolio through global projects and acquisitions, reinforcing its leadership in sustainability.
Abu Dhabi Future Energy Company, known as Masdar, has demonstrated significant advancements in the renewable energy sector by executing nearly AED30 billion in equity investments and obtaining over AED16.5 billion in project financing across nine countries. This initiative underscores Masdar’s commitment to expanding its renewable energy portfolio and facilitating a global transition to sustainable energy sources.
Established in 2006, Masdar has been instrumental in the UAE’s strategic vision to emerge as a leader in sustainability and climate action. Over the years, the company has embarked on renewable energy projects in more than 40 countries, with an ambitious target to boost its renewable energy portfolio capacity to 100 gigawatts (GW) by 2030.
Masdar is making substantial contributions to the UAE’s ambition of becoming the world’s premier developer, owner, and operator of renewable energy and green hydrogen. The company’s efforts are aligned with global aspirations for climate neutrality, aiming to elevate its project portfolio’s production capacity to 51 GW by the conclusion of 2024.
The company’s recent growth has been propelled by notable acquisitions in countries including Greece, Spain, and the United States, enhancing its foothold in both Europe and North America. In addition, Masdar has initiated construction on seven major projects across the globe. This includes two battery energy storage system (BESS) projects within the UK, two solar projects in Azerbaijan with a combined capacity of 760 megawatts (MW), and the significant 1.5 GW Al Ajban Solar Project located in the UAE.
Further cementing its efforts, Masdar has successfully reached financial closings on six significant projects. Among these are the 1.1 GW Al Henakiyah Solar Power Plant and the AMAALA sustainable multi-utility project in Saudi Arabia, alongside the 760 MW Bilasuvar and Neftchala solar projects in Azerbaijan.
In December 2024, Masdar solidified its strategic plans by signing a Power Purchase Agreement for the 2 GW Sadawi project in Saudi Arabia. Additionally, it inaugurated the 500 MW Zarafshan Wind Farm in Uzbekistan, which is now recognised as the largest wind power operation in Central Asia.
Masdar’s initiatives and developments reflect its pivotal role in advancing renewable energy projects worldwide and supporting the global transition to cleaner energy sources. The organisation continues to lead in enabling countries to fulfil their climate objectives while reinforcing the UAE’s position on the international stage in the field of sustainable energy.
Source: Noah Wire Services
- https://www.energyconnects.com/news/renewables/2024/october/masdar-s-global-portfolio-and-advanced-pipeline-capacity-grew-58-in-2023 – This URL corroborates Masdar’s growth in the renewable energy sector, highlighting its expanded portfolio and significant advancements in clean energy projects.
- https://masdar.ae/-/media/corporate-revamp/downloads/investors/masdar_green-finance-report_2023-2024_v3f_.pdf – This PDF provides details about Masdar’s clean energy capacity targets and its strategic investments in renewable energy projects globally.
- https://www.esgtoday.com/masdar-issues-1-billion-green-bond-to-invest-in-greenfield-renewable-energy-projects – This article supports Masdar’s initiatives in funding renewable energy projects through green bond issuances, underscoring investor confidence in its sustainability efforts.
- https://masdar.ae/en/company/about-masdar – This page provides background information on Masdar’s mission and strategic role in advancing UAE’s vision for renewable energy leadership.
- https://en.wikipedia.org/wiki/Masdar_City – This Wikipedia page offers insights into Masdar’s broader initiatives in sustainable development and its legacy as a pioneer in clean energy and green technologies.
- https://www.masdar.ae/en/renewables/our-projects – This link lists Masdar’s diverse portfolio of renewable energy projects across various countries, reflecting its commitment to global sustainability.
- https://news.google.com/rss/articles/CBMijAFBVV95cUxPX0xrY05RcHp6QURWckNPTzMtVGpUaWhoWThnMTUzU2dsNkpsN0g5ajlxRDJxUzNnVjR5ZjJjN1ktT1NYZWdxc1JWY3dBQVZsWFYyMFl3OVlwQ1FYQmxEakZ4aEpidzFaODRabVdEZ2NVTjBTT0pza1ZfSXYzN2plZ2FlZEc2U3l1UHF6OQ?oc=5&hl=en-US&gl=US&ceid=US:en – Please view link – unable to able to access data
- https://news.google.com/rss/articles/CBMiuAFBVV95cUxNWEo0eGFGMzlUVXZHdWktTk9fSzZuN0ZQSHhqYXVCZVgwLW9WYlI4OTQ0TTVqMUZDOGIycGtCc0Znek5aNk9rcVRoekhmMVo0OThRM1BBcV9nNjc2WU42Xy1BUFoyVTZfWDhsVG5hOVk5eFBjX2ZCejFKTXBWU1J3S2dxYVdlYVpTSW5ERHFSSkRTYThWbDZscHlaRW5WUThhTWRpY2VQU0hVSGFpeUl2NUl3TUNPdjd5?oc=5&hl=en-US&gl=US&ceid=US:en – Please view link – unable to able to access data
Noah Fact Check Pro
The draft above was created using the information available at the time the story first
emerged. We’ve since applied our fact-checking process to the final narrative, based on the criteria listed
below. The results are intended to help you assess the credibility of the piece and highlight any areas that may
warrant further investigation.
Freshness check
Score:
9
Notes:
Recent projects and acquisitions are detailed, including initiatives from December 2024. However, the article does not provide dated references or explicit publication dates, which could slightly reduce the freshness score.
Quotes check
Score:
0
Notes:
There are no direct quotes in the narrative.
Source reliability
Score:
8
Notes:
The narrative originates from Google News, which aggregates content from various sources. While Google News itself is reliable, the original source of the content could vary in credibility.
Plausability check
Score:
9
Notes:
The claims about Masdar’s renewable energy projects and goals align with known global efforts towards sustainable energy, and specific details about projects in multiple countries support the plausibility of these claims.
Overall assessment
Verdict (FAIL, OPEN, PASS): PASS
Confidence (LOW, MEDIUM, HIGH): HIGH
Summary:
The narrative is fresh, detailing recent projects and acquisitions, and is plausible given the global context of renewable energy developments. The absence of direct quotes and slight uncertainty about the original source are minor drawbacks.
