Masdar

“Masdar signed a Memorandum of Understanding with RWE to consider joint participation in future German offshore wind auctions. This agreement has an indicative investment value exceeding €3 billion and builds on Masdar and RWE's long-standing partnership.”

“Masdar has built a strong European business over more than a decade, investing across offshore wind, onshore renewables and increasingly energy storage. These agreements represent another important step in that journey and demonstrate our continued commitment to Germany and Europe as strategic growth markets.”

“East Anglia THREE is Masdar’s first 50:50 offshore wind joint venture in the UK and forms an important part of our long-term commitment to the UK offshore wind industry. With electricity demand accelerating, offshore wind will be essential to delivering affordable, home-grown power at scale.”

“Masdar's first 20 years have been defined by ambition, discipline, innovation and partnership. Those same attributes will guide us to reach our 100GW target, while providing attractive returns to our shareholders and helping power prosperity for our partners around the world.”

“Securing Contracts for Difference for the DBS offshore wind farms reinforces Masdar's long-term commitment to the United Kingdom and our growing role in the delivery of large-scale offshore wind capacity.”

“This landmark partnership underscores our commitment to driving Europe's energy transformation and advancing global climate goals. Our strategic co-investments with Iberdrola in East Anglia THREE and Baltic Eagle demonstrate how ambitious cross-border partnerships can deliver transformative impact at scale.”

“By more than doubling our capacity in just two years, we have not only established our position as the world's pure-play renewables leader.”

“Azerbaijan is a key strategic partner for Masdar and the signing of this memorandum of understanding paves the way to accelerate the scale of Azerbaijan's clean energy vision.”

“The addition of the Dogger Bank South project demonstrates our commitment to developing Masdar's offshore wind capacity and expertise as an important component in our pursuit of the target of 100GW renewable energy portfolio capacity by 2030.”

“Masdar is very proud to be partnering with RWE to develop one of the world's largest offshore wind farms. The UK is the world's second largest offshore wind market and offers huge growth potential. As global leaders strive to form a unified and urgent plan to tackle the climate crisis at COP28, Masdar will continue to expand its wind energy portfolio as we target a total global capacity of 100 GW by 2030.”

“We are delighted to be working with our strategic partners, Iberdrola, once again as we explore developing one of the UK's largest offshore wind farms and other prospects in Europe. With an abundance of wind resources, the UK and Europe are prime markets for Masdar.”

Masdar signed a strategic agreement with Iberdrola to co-invest in the 476 MW Baltic Eagle offshore wind farm in the German Baltic Sea, acquiring a 49% stake in a deal valuing the project at approximately €1.6 billion.

TAQA, ADNOC, and Mubadala completed the landmark restructuring that made all three Abu Dhabi sovereign entities shareholders in Masdar, setting a target of at least 100 GW renewable energy capacity by 2030.

“This agreement will strengthen our existing relationship with RWE, who have been a long-standing partner with us on the London Array offshore wind farm, one of the largest in the world, while also representing an opportunity to expand our capabilities in offshore wind, a market which we see as having key strategic importance.”