Masdar acquires 70% stake in Terna Energy
Abu Dhabi-based Masdar has taken a majority stake in Greek renewable energy company Terna Energy, with plans to launch an all-cash mandatory tender offer to acquire the outstanding shares.
Masdar, Sarawak Energy, Gentari plan large-scale floating solar in Malaysia
Abu Dhabi Future Energy Co. (Masdar) is teaming up with Malaysia’s Sarawak Energy and Gentari to assess the potential for a large-scale floating solar array on the northwestern coast of Borneo.
EDF, Masdar secure financing for 1.5 GW of solar near Abu Dhabi
EDF Renewables, Korea Western Power Co. (Kowepo), and Masdar have secured financing to build a 1.5 GW solar plant near Abu Dhabi, backed by a 30-year power purchase agreement (PPA) with Emirates Water and Electricity Co.
Masdar raises $1 billion with second green bond
Abu Dhabi-based Masdar has raised $1 billion through a new bond issuance. It says the investment will fund equity commitments on new greenfield projects, several of which are in developing economies.
Masdar buys out Greece’s Terna Energy in €3.2 billion deal
Masdar has agreed to acquire initially 67% of Greece’s Terna Energy, a developer of clean energy infrastructure, in a €3.2 billion ($3.4 billion) deal.
Azerbaijan gives green light to 760 MW of solar
Azerbaijan has approved the construction of two new solar plants totaling 760 MW in the southeastern part of the country. Abu Dhabi Future Energy Co. (Masdar) will oversee the development of the projects.
EDF, KOWEPO, Masdar to develop 1.5 GW of solar in UAE
France’s EDF Renewables, South Korea’s Korea Western Power Co. (KOWEPO), and Abu Dhabi Future Energy Co. (Masdar) have agreed to jointly design, finance, build and operate a 1.5 GW solar project in the United Arab Emirates, under a power purchase agreement (PPA) with Emirates Water and Electricity Co. (EWEC).
Egyptian solar set to expand beyond the massive 1.8 GW Benban PV project
In this edition of the Weekend Read, we turn to Egypt. The gigawatt-scale Benban project showcases the North African country’s solar potential, and premium prices for gas exports make the case for a more diverse energy mix. A nation with grand renewables targets – but slow installation rates – may finally be weaning itself off fossil fuel resources.
EDF, KOWEPO to bid for 1.5 GW solar project in UAE
Korea Western Power Co. (KOWEPO) and EDF Renewables have signed a joint development agreement for a 1.5 GW solar farm in Khazna, United Arab Emirates (UAE). The partners are already in advanced discussions with Abu Dhabi’s Emirates Water and Electricity Co. (EWEC) for a project of the same size in the Al-Ajban region.
Masdar to roll out 1 GW of PV, wind in Azerbaijan
Masdar, the Abu Dhabi-based utility-scale PV project developer, has signed contracts to develop three solar and onshore wind projects in Azerbaijan, with a total capacity of 1 GW.
