Masdar Boosts Renewable Energy Capacity by 150% to 51GW by 2024

21 Jan 2025 CW Team

Abu Dhabi Future Energy Company PJSC – Masdar, a leading clean energy firm from the UAE, has announced a 150% increase in its renewable energy capacity, reaching 51GW by the end of 2024, up from 20GW in 2022.

This expansion brings Masdar closer to its goal of 100GW of renewable energy capacity by 2030. In 2024, the company invested $8 billion in equity and secured $4.5 billion in financing for projects across nine countries, contributing over 6.5GW of new capacity.

Masdar's recent achievements include acquisitions in Greece, Spain, and the US, as well as launching several major projects, including two Battery Energy Storage System (BESS) projects in the UK and a 1.5GW solar project in the UAE.

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