Masdar (Abu Dhabi Future Energy Company)

On the sidelines of President Joko Widodo’s visit to the #UAE, we are thrilled to announce the signing of our MoU with PT PLN Icon Plus. This partnership aims to jointly study solar energy systems on industrial and commercial rooftops in #Indonesia, marking a significant step towards #sustainable energy and global climate change efforts. #Masdar is leading the way in innovative energy projects that reduce emissions both locally and regionally. In collaboration with our partners at PT PLN (Persero), we have developed the 145 MW (192 MWp) #Cirata Project, #SoutheastAsia’s largest floating solar power plant. Located in West Java, this project utilizes advanced technology to capture solar power on water. We are committed to pioneering more groundbreaking projects in #Indonesia and the region to support ambitious #NetZero goals. #Masdar #PioneeringEnergy

On the sidelines of President Joko Widodo’s visit to the #UAE, we are thrilled to announce the signing of our MoU with PT PLN Icon Plus. This partnership aims to jointly study solar energy systems on industrial and commercial rooftops in #Indonesia, marking a significant step towards #sustainable energy and global climate change efforts. #Masdar is leading the way in innovative energy projects that reduce emissions both locally and regionally. In collaboration with our partners at PT PLN (Persero), we have developed the 145 MW (192 MWp) #Cirata Project, #SoutheastAsia’s largest floating solar power plant. Located in West Java, this project utilizes advanced technology to capture solar power on water. We are committed to pioneering more groundbreaking projects in #Indonesia and the region to support ambitious #NetZero goals. #Masdar #PioneeringEnergy

We're thrilled to announce that the #Cirata Floating Solar Project (192MWp) has achieved compliance with local content requirements as per Indonesian regulations, becoming the first utility solar power plant in the country to do so. Congratulations to our project partners, PT PLN (Persero) and PT PLN Nusantara Renewables, and a big thank you to the entire project team for their hard work and dedication. #Masdar #PioneeringEnergy Embassy of the United Arab Emirates in Jakarta

We are thrilled to share the exciting news that #Masdar has been named Global Project Sponsor of the Year for the energy sector at The Asset’s annual Triple A Awards in #Singapore! We were also delighted to receive the Central Asia Deal of the Year award for our outstanding #Sherabad, #Samarkand, and #Jizzakh solar PV portfolio in #Uzbekistan. Eng. Fatima AlMadhloum AlSuwaidi, our Head of Development and Investment (APAC), proudly accepted the awards. She also participated in a panel discussion on building secure and future-ready infrastructure at the 9th Asia Sustainable Infrastructure Finance Leaders Dialogue event. #Masdar #MasdarAwards #PioneeringEnergy

The #UAE has been recognized with the United Nations Small Island Developing States Partnerships Award 2024 for its UAE-Caribbean Renewable Energy Fund (UAE-CREF) and UAE Pacific Partnership Fund initiatives! This recognition highlights the #UAE's commitment and pivotal role in advancing #sustainable economic development. HE Mohammed Saif Al Suwaidi, Director General of the Abu Dhabi Fund for Development (ADFD), received the award on behalf of the #UAE. At #Masdar, we are proud of our role in delivering 11 projects for the UAE Pacific Partnership Fund and in leading the design and implementation of the #UAE-CREF projects across 16 Caribbean island nations. By enhancing energy access and climate change resilience, we continue to contribute to sustainable development and green initiatives, aiming for 100GW of capacity by 2030. 🔗 Read More: https://lnkd.in/eE4FhQqR Abu Dhabi Fund for Development | Ministry of Foreign Affairs | United Nations

As part of the High-level Political Forum on Sustainable Development (HLPF) 2024, Hashem AlAttas, our Senior Portfolio Manager - MENA & Saudi Arabia Country Manager, joined the #UAE delegation led by HE Abdulla Nasser Lootah, Deputy Minister of Cabinet Affairs for Competitiveness and Knowledge Exchange. The main theme of the Forum was "Reinforcing the 2030 Agenda and eradicating poverty in times of multiple crises: the effective delivery of sustainable, resilient and innovative solutions.” He attended a number of meetings, events and briefings as part of the Forum and he highlighted our commitment to #sustainable development and shared insights on our latest #RenewableEnergy projects aimed at advancing the United Nations' goals. GovExchange

#Masdar's credit rating has been upgraded to 'AA-' by Fitch Ratings, with a stable outlook. This upgrade reflects our strong financial position and the support of our shareholders, highlighted by significant capital contributions to power our growth. As we look ahead, #Masdar remains committed to driving #sustainable energy solutions and achieving our ambitious targets for a greener future. #Masdar #PioneeringEnergy #FitchRatings #ForASustainableFuture

We're delighted to announce our achievement of a key milestone for the #DBSOffshoreWind Farms, a joint venture between #Masdar and RWE, with the acceptance of a Development Consent Order for consideration by the #UK Planning Inspectorate. DBS is one of the largest planned offshore wind farms in the world, located in shallow waters on the Dogger Bank over 100km off the northeast coast of #England. 🍃 Up to 200 turbines ⚡ 3GW capacity 🏡 Will power almost 3 million homes in the #UK 👷🏽 Will create thousands of jobs during construction and operational phases 🔗 Read More: https://lnkd.in/dKyr8RRZ

In 2023, the proceeds from our green bond have financed new greenfield projects, primarily in the #GlobalSouth. Take a closer look at our 2023 Green Finance Report, which outlines the allocation and impact of our inaugural $750 million green bond. It highlights the delivery of our Green Finance Framework commitments, which attracts the highest possible rating from Moody’s of SQS-1. As part of a wider $3 billion roadmap, #Masdar green bonds are unlocking climate finance and #RenewableEnergy capacity, supporting the #UAEConsensus to triple global capacity by 2030 to keep the ambition of 1.5 degrees within reach. 🔗 Read More: https://lnkd.in/dwiNTJVg #Masdar #PioneeringEnergy #GreenBond

Exciting news! We’re thrilled to announce a significant milestone in our joint venture Emerge, with the groundbreaking for the largest solar installation in #Sharjah to date, supporting Sharjah National Oil Corporation (SNOC)'s commitment to decarbonization and its goal of achieving #NetZero emissions by 2032. ⚡ 60MWp ground-mounted solar PV plant 🏭 Offsetting 66,000 tonnes of CO2 emissions a year 🚘 Equivalent to removing more than 14,600 cars from the road annually The ceremony was attended by our COO, Abdulaziz Alobaidli, as well as Michel Abi Saab, General Manager of Emerge, and Sharjah National Oil Corporation (SNOC)'s CEO, Hatem Al-Mosa. 🔗 Read more: https://lnkd.in/d9xhNkXB #Masdar #PioneeringEnergy #MasdarJV #MasdarEmerge #UAENetZeroStrategy