Masdar secures $5.1 billion financing for 5.2 GW solar‑plus‑storage project in Abu Dhabi
Type: Financing · Technology: Hybrid · Country: United Arab Emirates · Capacity: 5.2 GW · Value: $5.1B · Announced: 2026-07-13
Masdar and Emirates Water and Electricity Company closed a $5.1 billion financing package for a 5.2 GW solar photovoltaic plant paired with a 19 GWh battery system that will deliver 1 GW of round‑the‑clock clean power in Abu Dhabi. The financing was arranged by a consortium of thirteen banks, including Abu Dhabi Commercial Bank, BNP Paribas, HSBC and Société Générale, which will fund the majority of the $6.1 billion total project cost. The project, slated to start operations in 2027, represents a landmark gigascale renewable development in the United Arab Emirates. By securing this capital, Masdar demonstrates its ability to mobilise global investment for large‑scale clean‑energy infrastructure, reinforcing its position as a leading developer in the region. The deal underscores the confidence of international lenders in Masdar’s execution capability and the strategic importance of continuous renewable power for the UAE’s energy security.
Counterparties
- Masdar (Borrower)
- Crédit Agricole Corporate and Investment Bank (Lender)
- HSBC (Lender)
- NATIXIS (Lender)
- Emirates Water and Electricity Company (Partner)
- Abu Dhabi Islamic Bank (Lender)
- BNP Paribas (Lender)
- Bank of China (Lender)
- KfW IPEX-Bank (Lender)
- Abu Dhabi Commercial Bank (Lender)
- Dubai Islamic Bank (Lender)
- Société Générale (Lender)
- Standard Chartered Bank (Lender)
- Sumitomo Mitsui Banking Corporation (Lender)
- First Abu Dhabi Bank (Lender)