Masdar Expands Global Renewable Energy Portfolio to 65GW, Two-Thirds of 100GW Target by 2030

Abu Dhabi Future Energy Company PJSC – Masdar, a global leader in clean energy, announced that its renewable energy portfolio has reached 65 gigawatts (GW) in 2025, up from 51GW last year. This milestone comes two decades after the UAE made a strategic decision to invest early in renewable energy, highlighting Masdar’s sustained global leadership in the sector.

Of the 65GW portfolio, 45GW is operational, under construction, or committed, while an additional 20GW is in advanced development, bringing Masdar two-thirds of the way to its 100GW by 2030 target. To achieve the next phase of growth, the company plans to deploy US$30–35 billion in equity and project financing over the next five years, targeting an average addition of 10GW annually. Expansion will follow a disciplined mix of equity, green bonds, and long-term project financing secured against high-quality assets.

Masdar maintains a geographically and technologically diversified portfolio, with equity investments distributed across renewable technologies and focused on high-growth, investment-grade markets.

Global impact and innovation in renewables

Masdar has invested over US$45 billion in renewable energy globally, helping drive down costs, improve efficiency, and overcome structural challenges such as intermittency. Its projects have positioned the company as one of the world’s largest owners and operators of renewables, with platforms in commercially attractive, fast-growing energy markets.

Key 2025 developments include:

• UAE: Masdar and EWEC broke ground on the world’s first gigascale round-the-clock renewable energy project, integrating a 5.2GW solar PV plant with a 19GWh battery energy storage system to provide dispatchable clean power at scale.
• Europe: Masdar acquired 100% of TERNA ENERGY in Greece, completed a €368 million solar PV acquisition in Spain alongside ENEL and Endesa, and reached financial close with Iberdrola on the €5.2 billion East Anglia THREE offshore wind project in the UK. The 476MW Baltic Eagle wind farm in Germany was fully energized, marking a key milestone in its German offshore wind portfolio.
• Asia-Pacific: Masdar entered Southeast and Central Asian markets, signing agreements for 1GW of projects in the Philippines, a 200MW floating solar project in Malaysia, and Uzbekistan’s largest standalone battery energy storage system at Zarafshan.

Masdar further strengthened its financial position in 2025 through the issuance of its third green bond, bringing total green bond issuance to approximately US$2.75 billion.

Leadership perspectives

His Excellency Dr Sultan Ahmed Al Jaber, Chairman of Masdar, said:
“Twenty years ago, His Highness Sheikh Mohamed bin Zayed Al Nahyan made a bold strategic decision to invest in renewables before they were proven at scale. Reaching 65GW today shows what is possible when visionary leadership sets a clear direction and stays the course. The next phase of growth will integrate energy, advanced manufacturing, and artificial intelligence, creating smarter systems, stronger industries, and more resilient economies.”

Mohamed Jameel Al Ramahi, CEO of Masdar, added:
“Masdar’s first 20 years have been defined by ambition, discipline, innovation, and partnership. These attributes will guide us to reach our 100GW target, providing attractive returns to shareholders and helping meet global electricity demand across some of the world’s most promising and commercially attractive markets.”