Masdar has successfully achieved the financial close for its landmark USD 6.1 billion solar and battery storage venture located in Abu Dhabi. This significant milestone was reached after securing a USD 5.1 billion financing package from a diverse consortium of 13 international and local banking institutions. To complete the funding structure, Masdar is providing USD 1 billion in equity. This project, which stands as one of the largest integrated renewable energy developments globally, is being executed in collaboration with the Emirates Water and Electricity Company to enhance regional energy security and provide sustainable power solutions.
Strategic Financing and Global Partnerships
The extensive banking consortium involved in this financial close includes Abu Dhabi Commercial Bank, Abu Dhabi Islamic Bank, BNP Paribas, Bank of China, and Credit Agricole Corporate and Investment Bank. Additional support was provided by Dubai Islamic Bank, First Abu Dhabi Bank, HSBC, KfW IPEX-Bank, Natixis, Sumitomo Mitsui Banking Corporation, Standard Chartered Bank, and Societe Generale. By coordinating this large-scale consortium, Masdar has demonstrated its capacity to attract significant international investment for critical green infrastructure.
Mazin Khan, the Chief Financial Officer of Masdar, highlighted the importance of this achievement, stating that the successful financial close demonstrates the company’s ability to mobilize global capital for large scale renewable energy infrastructure while supporting long term economic growth and energy security. He further emphasized that the organization is prepared to move forward with the Abu Dhabi Solar Project to deliver “reliable, affordable and clean electricity around the clock.”
Technical Specifications and Operational Timeline
The Abu Dhabi Solar Project is designed to combine 5.2 GW of solar photovoltaic capacity with a 19 GWh battery energy storage system. This integration will allow the facility to supply 1 GW of continuous renewable power, effectively enabling round-the-clock clean electricity generation. Construction activities for the site began in October 2025, and the project is currently on track to reach commercial operations by 2027. To ensure high-quality execution, Sungrow and BYD have been appointed to supply the battery energy storage systems, while JinkoSolar and JA Solar will serve as the preferred module suppliers, each contributing 2.6 GW of solar modules.
This development is a vital component of Masdarโs expanding global renewable energy portfolio, which currently exceeds 65 GW across various sectors including wind and battery storage. The successful advancement of this project supports the companyโs strategic objective to increase its total renewable energy capacity to 100 GW by the end of the decade.