The project combines a 5.2-GW solar photovoltaic plant with a massive 19 gigawatt-hour battery storage system. Developed alongside the Emirates Water and Electricity Company, the facility aims to solve the intermittency challenges traditionally associated with solar power. Masdar is contributing $1 billion in equity to the venture, while the debt financing draws from institutions across China, Japan, Hong Kong, France, and the UAE, including BNP Paribas, Societe Generale, and Standard Chartered Bank.
Masdar Secures $5.1 Billion for Landmark Solar-Battery Project
A consortium of 13 global banks has finalized a $5.1 billion financing package for a gigascale renewable energy project in Abu Dhabi. Spearheaded by Masdar, the initiative represents the world’s first attempt to provide round-the-clock clean power at this scale, requiring a total capital investment of $6.1 billion.
Construction began in October 2025, with full operational capacity expected by 2027. The project serves as a pillar for the UAE’s clean energy strategy, balancing economic diversification with long-term energy security. For Masdar, the milestone marks another step toward its 100-GW global capacity target by 2030. Backed by shareholders ADNOC, Mubadala, and TAQA, the company currently manages a portfolio exceeding 65 GW across wind, solar, and hybrid storage solutions.
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