The United Arab Emirates’ state-owned firm, Masdar, has reached a global capacity of 65 gigawatts of clean energy. Up from 51 GW in 2025, achieving two-thirds of the set goal of 100 GW by 2030.
Speaking at the beginning of Abu Dhabi Sustainability Week, Dr Sultan Ahmed Al Jaber, Chairman of Masdar, said, “Reaching 65 gigawatts today shows what is possible when visionary leadership sets a clear direction. The next phase of growth will be defined by the fusion of energy, advanced manufacturing, and artificial intelligence, creating smarter systems, stronger industries, and more resilient economies. Through Masdar, the UAE is helping power that future and driving sustainable human progress around the world.”
Of the 65 GW portfolio, 45 GW is operational, under construction, or committed, with a further 20 GW of advanced pipeline, placing Masdar two-thirds of the way to its 100GW by 2030 target.
To deliver the next phase of growth, Masdar will deploy an additional US$30-35 billion in equity and project finance by 2030, adding an average of 10 GW of new capacity each year. This expansion will be funded through a disciplined mix of equity, green bonds and long-term project financing secured against high-quality assets.
In the UAE, Masdar and EWEC broke ground on the world’s first gigascale round-the-clock renewable energy project, combining a 5.2GW solar PV plant with a 19 GWh battery energy storage system to provide dispatchable clean power at scale.
In Europe, Masdar completed the 100 percent acquisition of TERNA ENERGY in Greece, strengthened its ongoing partnership with ENEL and Endesa in Spain, completing a €368 million solar PV acquisition, and reached financial close with Iberdrola on the €5.2 billion East Anglia THREE offshore wind project in the United Kingdom, one of the largest offshore wind financings of the past decade.
Masdar’s offshore wind footprint continued to grow with the full energization of the 476 MW Baltic Eagle wind farm in Germany, marking the first operational milestone in its partnership with Iberdrola in the German offshore wind market.
Masdar, owned by Abu Dhabi’s Mubadala, national oil company ADNOC and government holding company TAQA, has expanded rapidly through acquisitions and investments in renewable energy projects in Europe, the United States, and, late last year in Austria.
