masdar

The Northwest Electric Power Design Institute of China Power Engineering Consulting Group (NWEPDI) has signed an engineering, procurement and construction contract with Abu Dhabi Future Energy Company (Masdar) for the 445MW Bilasuvar and 315MW Banka PV projects in Azerbaijan.

Greek renewables firm Terna Energy, a subsidiary of Emirati state-owned developer Masdar, has invested in a 130MW solar PV plant in Bulgaria.

The tripartite deal between UAE's Masdar, Eni and the Albanian power and grid companies was signed this week in Rome.

Masdar has selected Jinko Solar and JA Solar to supply modules for its 5.2GW solar PV and 19GWh battery storage project in Abu Dhabi.

Emirati state-owned renewable energy project developer Masdar has entered the Philippines market with plans to develop 1GW of solar PV, wind and battery energy storage systems (BESS).

Masdar acquired 70% of Terna Energy’s outstanding shares at €20 per share, valuing the company at an enterprise value of €3.2 billion.

Masdar plans to develop including over 6GW of new solar capacity and 4GW of new solar manufacturing capacity in Egypt.

Saudi Arabia has awarded the 2GW Al Sadawi solar project to a consortium led by Masdar, and signed a PPA to acquire power from the project.

The financing covers two solar PV plants, which include the 445MW Bilasuvar PV plant and the 315MW Neftchala solar project.

Masdar and the Albania Power Corporation (KESH) have announced plans to build a “gigawatt-scale” renewable power portfolio in Albania.