Masdar completes deal, marking UK’s importance to grand target
Masdar has a target of reaching 100 GW of power by 2030. To achieve that, the company is seeking a range of opportunities, with the UK hitting the right mix.
Masdar
Abu Dhabi’s Masdar weighs stake in Iberdrola US renewable assets
Abu Dhabi’s Masdar is exploring the possibility of taking a stake in renewable-energy assets owned by Iberdrola SA in the US, according to people familiar with the matter.
Contract dished out for ‘major maintenance’ on Equinor’s Hywind Scotland
This is the second time in recent months when a Scottish floating wind project has gone overseas for repairs.
Using seawater and rocks, 44.01 launches Fujairah CO2 project
"This project is a significant scale-up for our technology and the integration of seawater can play a key role in helping us deploy our technology sustainably around the world,” said 44.01 founder and CEO Talal Hasan.
Masdar to invest in East Anglia THREE amid €15bn wind, hydrogen push with Iberdrola
Iberdrola and Masdar have formed a partnership to invest up to €15 billion in offshore wind and green hydrogen projects – including the UK’s East Anglia THREE.
Masdar stacks up deals on 20 GW of clean energy
Masdar head Al Ramahi said the Kyrgyzstan agreement marked a “new chapter for Masdar in our clean energy journey … we are glad to have the opportunity to bring the energy, passion and focus to hydropower that we have utilised for so many other renewable energy sources”.
UAE’s Masdar buys into £11bn UK wind farm
Masdar, the UAE state-owned renewables firm, has acquired a 49% stake in a major UK wind project in the North Sea.
UAE uses COP28 to push Adnoc, Masdar agenda
The briefing pack on the various countries often reiterated one point. “There is no conflict between sustainable development of any country’s natural resources and its commitment to climate change.”
Masdar eyes stake in East Anglia THREE wind project: reports
Masdar is reportedly poised to buy a minority stake in ScottishPower Renewables’ East Anglia THREE offshore wind project.
UAE to stump up $4.5bn for clean power in Africa
Masdar will stump up $2bn of equity, with another $8bn in project financing and through its Infinity Power venture. The Abu Dhabi-based company intends to reach 10 GW of clean energy in Africa by 2030.
Masdar, Inpex strike e-methane deal
Masdar CEO Mohamed Jameel Al Ramahi said the agreement “opens an exciting new chapter for Masdar as we explore how to unlock the full potential of green hydrogen to produce fuel for homes and businesses”.
Land deal signed for largest African wind farm project
The project will reduce Egypt’s CO2 emissions by 9%, the companies said, producing 47,790 GWh of clean power per year. It will also reduce Egypt’s gas bill by around $5 billion per year.
Infinity Power considers green power exports from Egypt to Europe
“We are also spearheading the movement towards COP28 by establishing ourselves as a significant green energy supplier, beyond Africa. The benefits of the Egypt-Greece subsea transmission project are far-reaching.”
Abu Dhabi sets focus on tech and emissions, ahead of COP28
“Last year, developing economies received only 20% of clean tech investments. These economies represent 70% of the world's population – that's over 5 billion people,” Sultan Al Jaber said.
Masdar signs up Adnoc Drilling for geothermal push
Studies from Masdar highlight the importance of new drilling and completions technology to control costs.
Infinity Power completes Lekela acquisition
Infinity Power chairman Mohamed Ismail Mansour said the company planned to reach 2 GW of greenfield projects by 2025.
Mauritania signs green hydrogen MoU with German focus
Infinity Power's Mansour said the project would provide "clean renewable energy to the region and the "entire continent of Africa".
Indonesia’s Pertamina holds $600m geothermal IPO
Indonesian state-backed developer Pertamina Geothermal Energy (PGE) has concluded its first IPO, raising just shy of $600m.
Masdar to develop 5 GW in three African states
The plan involves developing 2 GW of renewable energy in Angola, 1 GW in Uganda and 2 GW in Zambia. The agreement with Zambia set out plans to work on wind, solar and hydropower.
Masdar, AD Ports make Kazakhstan moves
The first phase of the plan is for a 500 MW wind power project, possibly including battery storage.
Adnoc strikes carbon-to-rock deal with 44.01
Adnoc has struck a deal with 44.01 to bring technology to Fujairah to transform CO2 into rock.
UAE signs up to UK energy plans, Masdar eyes Amsterdam
The MoU today demonstrates that “not only are we are strengthening our energy security and lowering bills for consumers in the long term, we’re unlocking huge opportunities for investment in British expertise and jobs in the process”.
State funds moving greener, continuing shift from oil
These investors put $18.7 billion into renewables in 2022 and only $6.7bn into hydrocarbons.
Adnoc to invest $15bn in low carbon drive
The company aims to capture 5 million tonnes per year of CO2 by 2030, it has said. Adnoc’s Al Reyadah facility captures 800,000 tpy currently. The next major investment will come at the Habshan gas processing facility, using local geology.
TAQA, Adnoc complete Masdar deal, pledge rapid expansion
TAQA and Adnoc have completed the acquisition of stakes in clean energy operator Masdar, coming in alongside Mubadala Holdings.