Masdar Invests In 128 MW Solar Project Of EDF Renewables North America Updated On Wed, Apr 12th, 2023 by Saurenergy UAE renewables major Masdar has acquired 50% stake in a combined solar and battery storage project from EDF Renewables North America. The Big Beau project, located in California, comprises a 128-MW solar PV plant and a 160 MWh BESS. It is one of eight projects that Masdar and EDF Renewables have agreed to jointly partner […] Read more
Asian Infrastructure Investment Bank Funds Masdar Solar Projects in Uzbekistan Updated On Mon, Apr 10th, 2023 by Saurenergy The Asian Infrastructure Investment Bank (AIIB) has signed three new project finance loan agreements in the aggregate amount of $83.6 million as part of a $396.4 million debt financing to Masdar for the construction of three greenfield solar PV power plants in Samarkand, Djizzakh and Surkhandarya regions of Uzbekistan. Masdar has said that the Asian […] Read more
Hidroelectrica & Masdar Form JV for Green Projects in Romania Updated On Wed, Mar 22nd, 2023 by Saurenergy Romanian energy firm Hidroelectrica and UAE renewable energy firm Masdar have signed a joint venture agreement to build wind farms offshore and floating solar parks in Romania. Speaking on the occasion, Bogdan Badea, the President of Hidroelectrica, said, “The initialing by Hidroelectrica and Masdar is one of the most important joint venture agreements intended for […] Read more
Infinity Power Adds 1 GW to Portfolio with Acquisition of African Wind Projects Updated On Mon, Mar 20th, 2023 by Saurenergy A joint venture between Egypt’s Infinity and UAE’s Masdar, Infinity Power has shared that it has acquired the complete shareholding of Lekela Power. With this acquisition, the firm has added 1 GW of African wind projects to its portfolio. The acquisition also makes Infinity Power the largest renewable energy firm in Africa. Lekela Power’s assets […] Read more
Brooge Energy, Siemens Energy Partner For Solar & Green Hydrogen in UAE Updated On Thu, Feb 16th, 2023 by Saurenergy Cayman Islands-based infrastructure provider Brooge Energy Ltd has announced a partnership through the company’s subsidiary Brooge Renewable Energy with Siemens Energy to build a solar PV farm to supply the Green Hydrogen and Green Ammonia project of Brooge Renewable Energy in Abu Dhabi, UAE. The announcement was made at the World Government Summit 2023 in […] Read more
Islamic Development Bank To Offer Insurance/Finance For RE Projects Updated On Wed, Jan 25th, 2023 by Saurenergy In a bid to promote the development of renewable energy projects, the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), the insurance arm of the Islamic Development Bank (IsDB) Group, has signed an MoU with Abu Dhabi Future Energy Company or Masdar. Under the MoU, the bank and Masdar agree to co-operate […] Read more
Masdar Targets 5 GW of Renewables in Three African Countries Updated On Mon, Jan 23rd, 2023 by Saurenergy UAE flagship renewable energy company Masdar has revealed that it has signed agreements at Abu Dhabi Sustainability Week (ADSW) 2023 with three countries – Angola, Uganda and Zambia – to develop renewable energy projects with a combined capacity of up to 5 GW. Deals were done under ‘Etihad 7’ initiative, a UAE-led initiative that aims […] Read more
UAE to Invest $2 Billion in Solar Power in Zambia Updated On Wed, Jan 18th, 2023 by Saurenergy In a bid to step-up the renewable energy expansion in the resource-scare continent of Africa, UAE has signed a key agreement with Zambia to provide $2 billion for the development of solar power plants. The said investment is expected to increase the power generation base the southern African country by more than half. Zambia President […] Read more
Masdar, Azerbaijan’s SOCAR Sign Deal to Develop 4 GW Renewable Energy Projects Updated On Wed, Jan 18th, 2023 by Saurenergy Expanding its already established-role in Central Asia, UAE flagship company developing renewable energy, Masdar has announced new deal with the State Oil Company of the Republic of Azerbaijan (SOCAR) to develop onshore wind and solar projects. Masdar will also develop integrated offshore wind and green hydrogen projects. The total combined capacity of projects has been […] Read more
