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Masdar Secures $5.1 Billion Financing for Abu Dhabi Solar and Battery Project
Masdar secured financing on July 13, 2026, for a 5.2-gigawatt solar plant paired with 19 gigawatt-hours of battery storage in Abu Dhabi. The project requires $6.1 billion in total capital and is expected online in 2027.
Jul 13, 9:30 AM·1m read1 source
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Masdar reached financial close on a $5.1 billion financing package on July 13, 2026, for a gigascale renewable energy project in Abu Dhabi. The package covers most of the $6.1 billion total investment required, with Masdar providing $1 billion in equity. A consortium of 13 international and local banks backed the debt.
The lenders include institutions from Abu Dhabi, China, Hong Kong, Japan, and France, among them BNP Paribas, Societe Generale, and Standard Chartered Bank. The project consists of a 5.2-gigawatt solar photovoltaic plant and a 19-gigawatt-hour battery energy storage system. Masdar is developing it with Emirates Water and Electricity Company.
The company broke ground in October 2025 and expects the facility to begin operations in 2027. Masdar said the financing demonstrates strong market confidence in the project's commercial viability and in its ability to deliver complex energy infrastructure at scale.
The company described the 24/7 renewable energy system as a cornerstone of the UAE's clean energy strategy that supports energy security and economic diversification.
Masdar currently holds a diversified portfolio exceeding 65 gigawatts across solar, wind, battery storage, and hybrid projects. It targets 100 gigawatts of global renewable capacity by 2030. Its shareholders are ADNOC, Mubadala, and TAQA.
