Masdar Secures $1 Billion for New Renewable Projects

23 Jul 2024 CW Team

Masdar, the Abu Dhabi-based renewable energy company, has successfully raised $1 billion to fund new projects worldwide. This significant capital boost will support Masdar's expansion in clean energy initiatives across various countries.

The funding was obtained through green bonds, reflecting growing investor interest in sustainable projects. Masdar plans to use these funds to enhance its portfolio, focusing on solar, wind, and other renewable energy sources.

Mohamed Jameel Al Ramahi, CEO of Masdar, emphasised the company's commitment to driving global energy transition efforts. The new projects will contribute to reducing carbon emissions and advancing sustainable development goals.

Masdar's recent achievements include collaborations and investments in several countries, aiming to increase renewable energy capacity and promote innovative technologies. The company?s strategic focus aligns with global efforts to combat climate change and meet increasing energy demands sustainably.

The $1 billion funding marks a milestone for Masdar, highlighting its leadership in the renewable sector. It enables the company to accelerate the development of clean energy infrastructure and support international climate targets.

This initiative comes at a crucial time as nations worldwide seek to diversify energy sources and reduce reliance on fossil fuels. Masdar?s projects are expected to generate significant economic benefits, including job creation and technology advancements.

By expanding its renewable energy projects, Masdar strengthens its role as a key player in the global clean energy landscape. The company continues to champion sustainable practices, setting a benchmark for future developments in the industry.

Infrastructure Urban

17 Sep 2025

DCPC Prepares for Special Campaign 5.0 with Focus on E-Waste

The Department of Chemicals and Petrochemicals (DCPC), Ministry of Chemicals and Fertilisers, is gearing up for Special Campaign 5.0, to be held from 2nd to 31st October 2025. The initiative will focus on e-waste disposal as per MoEFCC’s E-Waste Management Rules 2022, space optimisation, and enhancing workplace efficiency across field offices.Special Campaign 4.0, conducted between October 2023 and October 2024, delivered notable results in record management, grievance redressal, scrap disposal, and cleanliness drives.Key outcomes of Special Campaign 4.0Records management: 2,443 physical fil..

BlackRock India Leases 1.4 Lakh Sq Ft in Bengaluru

BlackRock Services India, the domestic arm of global asset manager BlackRock, has leased 1.4 lakh sq ft of office space at IndiQube Symphony in Bengaluru, according to Propstack data. The 10-year deal is valued at around Rs 4.10 billion.The lease, among the largest transactions in India’s co-working sector, highlights the growing preference of global institutions for flexible office providers. The agreement, commencing October 1, 2025, covers ground plus five floors in KNG Tower 1 at Ashoknagar, MG Road — one of Bengaluru’s prime commercial hubs.As per the lease document, BlackRock will ..

L&T Bags Rs 25–50 Bn Order for Mumbai-Ahmedabad Bullet Train Track Works

Larsen & Toubro’s (L&T) Transportation Infrastructure business has secured an order valued between Rs 25 crore and Rs 50 billion from the National High Speed Rail Corporation Limited (NHSRCL) for the Mumbai-Ahmedabad High Speed Rail (MAHSR) corridor.The contract, Package T1, involves the design, supply, construction, testing, and commissioning of 156 route km of high-speed ballastless track on a Design-Build Lump Sum Price basis. The stretch runs from Mumbai’s Bandra-Kurla Complex to Zaroli village in Gujarat and includes 21 km of underground track and 135 km of elevated viaduct.Se..