Abu Dhabi Future Energy Company

COP28: Net-Zero Energy Mosque & Other Commitments from UAE

The much-awaited COP28 being held in Dubai is seeing some big announcements come up from the UAE in partnership with other countries. Here are some noteworthy partnerships and announcements that were made by the region in the climate summit- Masdar & Indonesia Abu Dhabi Future Energy Company PJSC – Masdar, a renewable energy firm, has […]

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Islamic Development Bank To Offer Insurance/Finance For RE Projects

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 […]

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Goldwind To Supply 111 Wind Turbines To Masdar For Uzbekistan Wind Project

Chinese multinational wind turbine manufacturer Goldwind has announced that it has secured a novel deal with Masdar (Abu Dhabi Future Energy Company) for the supply of 111 units of GW155-4.5MW turbines. The turbines will be supplied for the largest of its kind project in Uzbekistan and Central Asia. Goldwind held that the agreement with Masdar […]

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Singapore Gets Its First Renewable Energy Import From Laos

Singapore’s Energy Market Authority (EMA) has said that the country has begun to import renewable energy from Laos through Thailand and Malaysia. The authority held that this is the first such transfer of RE into Singapore. In September 2021, a power purchase agreement (PPA) was signed between Keppel Electric of Singapore and Electricite du Laos […]

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Masdar To Begin Soon On 1 GW Solar Power Project In Iraq

The renewable energy party has finally arrived in Iraq, one of the last major oil exporters to adopt solar in a big way. In an effort to decarbonize the economic system of the country and mitigate the climate change risks, the country has finally been bidding out contracts for solar plants. In a fresh development, […]

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ADFD, Masdar Join 1.5 GW Renewables Platform of IRENA

The International Renewable Energy Agency (IRENA) has announced the signing of agreements with the Abu Dhabi Fund for Development (ADFD) and The Abu Dhabi Future Energy Company (popularly known as Masdar) that formalises the fund’s anchor investment of $ 400 million to Energy Transition Accelerator Financing (ETAF) Platform of IRENA. The official statement of IRENA […]

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UAE’s Masdar Reports 4.3 GW Expansion in RE Portfolio in 2021

UAE government-owned renewable firm Masdar has announced a 40% increase in its clean energy project portfolio in 2021. The electricity generation capacity of all projects Masdar invested in last year – either installed or under development – increased from 10.7 gigawatts (GW) to over 15 GW in 2021, according to the company’s 2021 Annual Sustainability […]

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