Masdar to invest up to $35bn as renewable capacity climbs to 65GW

Of the 65GW portfolio, 45GW is operational, under construction or committed, with a further 20GW in advanced pipeline.

This positions Masdar two-thirds of the way toward its 100GW by 2030 target.

Masdar investment plan

To deliver the next phase of growth, Masdar will deploy an additional $30–35bn in equity and project finance by 2030, adding an average of 10GW of new capacity each year.

The expansion will be funded through a disciplined mix of equity, green bonds and long-term project financing secured against high-quality assets.

As its portfolio scales, Masdar will maintain a geographically and technologically diversified footprint, with equity investment broadly split across renewable technologies and weighted toward high-growth, investment-grade markets.

Through long-term partnerships, innovation and $45bn in investment, Masdar has helped drive down costs, increase efficiency and overcome structural challenges such as intermittency, supporting renewables as the cheapest and fastest way to deploy new electricity capacity globally.

Today, Masdar is one of the world’s largest owners and operators of renewable energy, with platforms for growth across the most commercially attractive and fast-growing energy markets.

The company is positioned to capture anticipated growth in energy demand driven by electrification, economic expansion and the rapid rise of artificial intelligence.

Landmark projects

Masdar’s growth in 2025 was marked by several landmark projects and transactions that accelerated its global expansion and strengthened its diversified portfolio.

In the UAE, Masdar and Emirates Water and Electricity Company broke ground on the world’s first gigascale round-the-clock renewable energy project, combining a 5.2GW solar PV plant with a 19GWh battery energy storage system to deliver dispatchable clean power at scale.

In Europe, Masdar completed the 100 per cent acquisition of TERNA ENERGY in Greece, strengthened its partnership with Enel and Endesa in Spain through a €368m ($429m) solar PV acquisition, and reached financial close with Iberdrola on the €5.2bn ($6bn) 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 also expanded with the full energisation of the 476MW Baltic Eagle wind farm in Germany, marking the first operational milestone in its partnership with Iberdrola in the German offshore wind market.

Beyond Europe, Masdar entered high-growth markets in Southeast and Central Asia, 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.

Clean energy financing

In 2025, Masdar further strengthened its balance sheet through the issuance of its third green bond, bringing total green bond issuance to around $2.75bn.

Sultan Ahmed Al Jaber, Chairman of Masdar, said: “Twenty years ago, President His Highness Sheikh Mohamed bin Zayed Al Nahyan took a bold strategic decision to invest in renewables before they were proven at scale.

“Reaching 65 gigawatts today shows what is possible when visionary leadership sets a clear direction, does not waver, and stays the course. 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.”

Mohamed Jameel Al Ramahi, Chief Executive Officer of Masdar, said: “Masdar’s first 20 years have been defined by ambition, discipline, innovation and partnership. Those same attributes will guide us to reach our 100GW target, while providing attractive returns to our shareholders and helping power prosperity for our partners around the world.

“Global electricity demand is growing fast, and Masdar is perfectly positioned to help meet that demand across some of the world’s most promising and most commercially attractive markets.

“I am proud of all our colleagues who have played a role in our first 20 years, and I look forward to what the next 20 will bring.”

Since its establishment in 2006, Masdar has developed and invested in renewable energy projects in more than 40 countries, supporting energy security, economic diversification and sustainable growth worldwide.