In 2025, Abu Dhabi’s Future Energy Company, known as Masdar, solidified its position as one of the fastest-growing renewable energy firms globally. The company played a crucial role in accelerating the adoption of clean energy solutions and embracing advanced technologies that foster sustainable growth, aligning with the leadership’s vision of enhancing the energy mix and diversifying sources. This year marked significant achievements for Masdar, including strengthening its investments in major global projects and signing numerous strategic agreements as part of its ambition to increase its production capacity to 100 gigawatts by 2030.
Significant Milestone
Mohammed Jameel Al Ramahi, CEO of Masdar, stated that 2025 represented a critical turning point in the company’s 20-year journey. He emphasized the continuation of the company’s strategy aimed at expanding renewable energy projects and enhancing its presence in global markets. This approach is in line with the leadership’s vision that prioritizes clean energy solutions in sustainable economic and social development efforts. Al Ramahi highlighted that Masdar achieved a series of notable successes that correspond with the growing global energy demand, including investments in pioneering projects that support the digital era and the establishment of an advanced energy ecosystem for the future. Additionally, Masdar expanded its portfolio of strategic partnerships with prominent international entities, reinforcing its central role in the global energy sector.
New Era
The year 2025 also saw Masdar launch a groundbreaking project that marks the beginning of a new phase in the global clean energy sector. The foundation was laid for the development of the world’s first and largest renewable energy project of its kind in Abu Dhabi, combining solar power with a storage battery system to provide 1 gigawatt of clean baseload power around the clock, with globally competitive rates.
This project features a solar photovoltaic plant with a capacity of 5.2 gigawatts, equipped with an energy storage system of 19 gigawatt-hours, which is the largest and most technologically advanced of its kind worldwide. In Sharjah, the “Suna” solar power station, the first of its kind in the emirate, was inaugurated, covering an area of 850,000 square meters within the Sajaa gas complex.
In Saudi Arabia, Masdar announced its success in developing two solar photovoltaic power stations with a total capacity of 2 gigawatts in the Najran and Jazan regions, as part of the sixth phase of the national renewable energy program.
In September, a contract was signed by “Namaa for Water and Energy Purchase” with a consortium led by Masdar, which includes “Green Partners,” “Korea Midland Power Co., Ltd.” (KOMIPO), and “OQ Alternative Energy,” a leading Omani renewable energy company, for the development of “Ibri Solar Power Project – Phase Three,” marking the first 500 megawatt solar photovoltaic power station equipped with a 100 megawatt-hour battery storage system in Oman.
Furthermore, Masdar expanded its growing project portfolio in Uzbekistan, with four company-owned projects commencing commercial operations in September. These include the Zarafshan Wind Power Station, along with solar photovoltaic projects in Jizzakh and Samarkand, as well as the Noor Bukhara solar power project equipped with an energy storage system. Additionally, the “Gozar” solar photovoltaic project, with a production capacity of 300 megawatts and a battery storage capacity of 75 megawatt-hours, aims to provide electricity to 60,000 homes and avoid over 400,000 tons of emissions and is expected to begin operations in 2027.
Masdar also signed an energy storage battery service agreement with “GSC Uzenergoset,” a government-owned joint-stock company in Uzbekistan, as part of developing the Zarafshan project, which is the largest independent energy storage battery project in the country.
In October, Masdar announced the completion of its acquisition of a 49.99% stake in an investment portfolio valued at a total of 1.5 billion dirhams (368 million euros), encompassing four operational solar power projects from Enel Green Power Spain, a subsidiary of Endesa, one of Spain’s leading electricity companies. This deal involved an investment by Masdar of 296 million dirhams (69 million euros), along with additional financing of 493 million dirhams (115 million euros).
In July, Masdar and Iberdrola announced the successful financial closure for the development of the 1.4 gigawatt East Anglia 3 offshore wind farm in the UK, marking one of the largest deals in the offshore wind sector this decade.
The transaction included financing facilities totaling 16.4 billion dirhams (3.6 billion pounds / 4.1 billion euros), contributed by 23 banks and the Danish Export Credit Agency, making it one of the largest financing agreements in this sector and the largest of its kind for Masdar.
Masdar published its green financing report for the previous year, highlighting the renewable energy projects funded through its green bond issuances and their tangible impacts and results.
During this year, Fitch Ratings upgraded Masdar’s rating for environmental, social, and governance (ESG) compliance from 71 to 74 points, reflecting the company’s ongoing commitment to investing in ESG and sustainable assets and its dedication to transparency in reporting, as well as adherence to the UN Global Compact principles.
In the realm of green hydrogen projects, Masdar and the Austrian integrated energy and chemicals company OMV announced the signing of a binding agreement to establish a company aimed at financing, building, and operating a green hydrogen production facility via 140 megawatt electrolyzers in the “Bruck an der Leitha” region of Austria. This pioneering project will represent one of the largest green hydrogen production facilities in Europe; construction of the facility commenced in September 2025, with operations expected to begin in 2027.
In October, Masdar signed a memorandum of understanding with “Union Railways,” the developer and operator of the national railway network, to explore transport solutions that enhance the value chain for green hydrogen within the country.