Abu Dhabi Future Energy Company PJSC – Masdar has increased its renewable energy portfolio capacity to 65 gigawatts, up from 51GW in 2025. As a result, the company has moved two-thirds of the way toward its 100GW target by 2030, marking two decades since the UAE took an early strategic decision to invest in clean energy.
Of the total portfolio, 45 GW is operational, under construction, or committed, while a further 20 GW is in an advanced development pipeline. Moreover, this scale positions Masdar among the world’s largest owners and operators of renewable energy assets across high-growth and investment-grade markets.
Investment strategy supporting portfolio growth
To deliver the next phase of expansion, Masdar plans to deploy an additional $30–35 billion in equity and project finance by 2030. Therefore, the company expects to add an average of 10GW of new capacity each year, funded through a disciplined mix of equity, green bonds, and long-term project financing secured against high-quality assets.
As the portfolio scales, Masdar will maintain geographic and technological diversification. Additionally, equity investment will remain broadly balanced across renewable technologies, with a focus on commercially attractive markets. Through long-term partnerships, innovation, and cumulative investment of around $45 billion, Masdar has helped reduce costs, improve efficiency, and address structural challenges such as intermittency.
Landmark projects drive global expansion
Masdar’s portfolio growth in 2025 was supported by a series of landmark projects and transactions that strengthened its global footprint. In the UAE, Masdar and Emirates Water and Electricity Company broke ground on the world’s first gigascale round-the-clock renewable energy project. The development combines a 5.2 GW solar photovoltaic plant with a 19 GW/h battery energy storage system to deliver dispatchable clean power at scale.
In Europe, Masdar completed the full acquisition of TERNA ENERGY in Greece and expanded partnerships in Spain through a €368 million solar photovoltaic transaction. It also reached financial close with Iberdrola on the €5.2 billion East Anglia THREE offshore wind project in the United Kingdom, one of the largest offshore wind financings in the past decade. Moreover, the full energisation of the 476MW Baltic Eagle wind farm in Germany marked the first operational milestone in Masdar’s offshore wind partnership with Iberdrola in that market.
Clean energy financing and leadership outlook
Beyond Europe, Masdar entered high-growth markets in Southeast and Central Asia. The company has signed agreements for 1 GW of projects in the Philippines, a 200MW floating solar project in Malaysia, and Uzbekistan’s largest standalone battery energy storage system at Zarafshan, which is expected to be operational by the first half of 2027.
In parallel, Masdar strengthened its balance sheet in 2025 through the issuance of its third green bond, bringing total green bond issuance to approximately $2.75 billion. Sultan Ahmed Al Jaber, Chairman of Masdar, said: “Twenty years ago, President His Highness Sheikh Mohamed bin Zayed Al Nahyan took a bold strategic decision to invest in renewables before they were proven at scale. Reaching 65 gigawatts today shows what is possible when visionary leadership sets a clear direction, does not waver, and stays the course. The next phase of growth will be defined by the fusion of energy, advanced manufacturing and artificial intelligence, creating smarter systems, stronger industries and more resilient economies. Through Masdar, the UAE is helping power that future and driving sustainable human progress around the world.”
Mohamed Jameel Al Ramahi, Chief Executive Officer of Masdar, said: “Masdar’s first 20 years have been defined by ambition, discipline, innovation and partnership. Those same attributes will guide us to reach our 100GW target, while providing attractive returns to our shareholders and helping power prosperity for our partners around the world. Global electricity demand is growing fast, and Masdar is perfectly positioned to help meet that demand across some of the world’s most promising and most commercially attractive markets. I am proud of all our colleagues who have played a role in our first 20 years, and I look forward to what the next 20 will bring.”
Since its establishment in 2006, Masdar has developed and invested in renewable energy projects across more than 40 countries. Consequently, the company continues to support energy security, economic diversification, and sustainable growth worldwide as it advances toward its long-term capacity goals.
