Masdar's Global Leadership in Clean Energy and Hydrogen Innovation
Key Ideas
  • Masdar has invested close to Dhs30 billion in equity investments and secured over Dhs16.5 billion of project financing in nine countries, solidifying its position as a global leader in clean energy.
  • The company aims to increase its renewable energy portfolio capacity to 100GW by 2030 and is actively contributing to the UAE's vision as a sustainability leader.
  • Masdar's strategic acquisitions and projects in various countries, including the UAE, Greece, Spain, the United States, and Saudi Arabia, demonstrate its commitment to global energy transformation and hydrogen innovation.
  • The partnership between Abu Dhabi Investment Office and Ignite Energy Access will bring over 200 high-skilled jobs to Abu Dhabi, promote knowledge transfer, and bolster clean energy innovation in the emirate and Africa.
Masdar, the Abu Dhabi Future Energy Company, has reaffirmed its dominant position in the global clean energy sector by making substantial equity investments and obtaining project financing totaling more than Dhs16.5 billion across nine countries. Since its inception in 2006, Masdar has been instrumental in supporting the UAE's goal of becoming a frontrunner in sustainability and climate action. The company has engaged in projects in over 40 countries and aims to boost its renewable energy capacity to 100GW by 2030. Masdar's recent achievements include acquisitions in Greece, Spain, and the United States, as well as the initiation of major projects worldwide, such as the Al Ajban Solar Project in the UAE and solar projects in Azerbaijan. Notably, Masdar plays a significant role in advancing green hydrogen development and supporting countries globally in their climate neutrality efforts. Additionally, the collaboration between the Abu Dhabi Investment Office and Ignite Energy Access will establish Ignite's global headquarters in Abu Dhabi, creating over 200 jobs and promoting clean energy technology and innovation in the region and Africa. Ignite Energy Access specializes in distributed solar solutions across sub-Saharan Africa and plans to connect 100 million people to sustainable electricity by 2030. The partnership will facilitate the expansion of Ignite's operations in Africa and introduce advanced solar technologies to the UAE, supporting rural communities and sustainable initiatives. This move underscores Abu Dhabi's commitment to becoming a hub for sustainable investments and reinforces the emirate's leadership in energy transition and innovation.
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