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  • EBRD, ADB and IFC to Provide Financing for a 100 MW Nur Navoi Solar (PV) Photovoltaic Power Plant in Uzbekistan

    Uzbekistan 100 MW Solar Photovoltaic PV Power Plant EBRD ADB IFC Finance small

    /24th December 2020, EBRD, RENEWABLE MARKET WATCHTM/  The European Bank for Reconstruction and Development (EBRD) shall provide financing for a 100 MW solar photovoltaic (PV) power plant in Uzbekistan. The plant is located in the Navoi region and is one of the first renewable energy projects in this country realised by the private investors. The engagement of the EBRD is providing an equity bridge loan of up to US$ 60 million to Nur Navoi Solar Holding for the construction and operation of the plant. The loan will allow the project investors Masdar, owned by Mubadala Investment Company, a global investment holding established and wholly owned by the Government of Abu Dhabi, to borrow the amount of equity it puts into the project. 

  • Iberdrola and Masdar Close Their EUR 1.6 Billion Alliance to Develop Offshore Wind in the Baltic Sea

    /MADRID, November 2, 2023, 10:00 GMT, Iberdrola/ Iberdrola has signed a strategic agreement with Masdar, a major renewable energy group based in Abu Dhabi, to co-invest in the 476 MW Baltic Eagle offshore wind farm, located in the German Baltic Sea. Following confirmation that all the necessary regulatory approvals have been received, Iberdrola will have a majority stake of 51% in the project, which will help to accelerate energy independence in Europe.

  • Masdar Acquires the Greek Energy Company GEK TERNA in a Remarkable €3.2 Billion Deal

    Masdar Acquires Terna Energy small

    /ABU DHABI, UAE & ATHENS, June 20, 2024, 11:30 BST, Masdar/ Abu Dhabi Future Energy Company PJSC – Masdar (“Masdar”), the UAE’s clean energy leader, has announced its definitive agreement with GEK TERNA SA (GEKTERNA.AT) and other shareholders of TERNA ENERGY SA (TENERGY.AT) to acquire 67% of the company’s outstanding shares initially. This is subject to regulatory approvals and other conditions. Upon completion of the initial acquisition, Masdar will launch an all-cash mandatory tender offer to acquire the remaining outstanding shares, aiming to reach 100% ownership.

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