Masdar has achieved financial close on a USD 5.1 billion debt package for a renewable energy project combining large-scale solar generation with battery storage in Abu Dhabi. The financing marks a significant step in commercializing round-the-clock clean power infrastructure as electricity demand rises from AI, data centers and industrial growth.
Abu Dhabi Future Energy Company PJSC (Masdar) has reached financial close on a USD 5.1 billion financing package for a utility-scale renewable energy project designed to deliver continuous clean electricity, according to official disclosures. The project, developed with Emirates Water and Electricity Company (EWEC), represents a total investment of USD 6.1 billion, including USD 1 billion in equity from Masdar.
The development combines a 5.2 GW solar photovoltaic facility with a 19 GWh battery energy storage system, creating what the company describes as the world's first gigascale renewable energy project capable of supplying power around the clock. Financing was provided by a consortium of 13 international and regional banks, reflecting strong institutional support for large-scale renewable infrastructure.
The transaction underscores growing confidence in renewable energy projects that integrate storage technologies to provide stable electricity supply. Such projects are becoming increasingly important as power consumption rises across data centers, artificial intelligence applications and advanced manufacturing, while governments seek to strengthen energy security and accelerate decarbonization.
Masdar is a UAE-based renewable energy developer focused on advancing clean energy projects globally across solar, wind, battery storage and green hydrogen. The successful financing reinforces Abu Dhabi's position as a major hub for sustainable infrastructure investment and highlights expanding opportunities for lenders, equipment suppliers, technology providers and institutional investors participating in the global energy transition.
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