Abu Dhabi Future Energy Company – Masdar invested nearly AED 30B ($8.2B) in equity and secured over AED 16.5B ($4.5B) in project financing across nine countries in 2024, reinforcing its commitment to renewable energy expansion.
Since its establishment in 2006, Masdar has been instrumental in advancing the UAE’s vision of sustainability. The company operates in over 40 countries and aims to increase its renewable energy capacity to 100GW by 2030, supporting the UAE’s ambition to become a global leader in green energy and hydrogen.
Masdar continues to expand globally, with acquisitions in Greece, Spain, and the US, alongside seven major projects, including two BESS projects in the UK, two solar projects in Azerbaijan (760MW), and the 1.5GW Al Ajban Solar Project in the UAE.
It also achieved financial closure for six projects, including the 1.1GW Al Henakiyah Solar Plant and AMAALA sustainable project in Saudi Arabia, and the 760MW Bilasuvar and Neftchala solar projects in Azerbaijan.
In December 2024, Masdar signed a Power Purchase Agreement for the 2GW Sadawi project in Saudi Arabia and inaugurated Uzbekistan’s 500MW Zarafshan Wind Farm, Central Asia’s largest operational wind facility.
