By: AGBI

Abu Dhabi future energy company Masdar has secured funding for its $6 billion solar and battery storage project, designed to deliver renewable electricity around the clock.

Masdar said the $5 billion financing package was obtained from a consortium of 13 local and global banks.

The group included four UAE lenders, with the remainder from France, the UK, Germany, China and Japan.

The project, developed with state-owned Emirates Water and Electricity Company, includes a 5.2GW solar photovoltaic plant and a 19-gigawatt-hour battery energy storage system.

Masdar is making a $1 billion equity investment in the project, which it says will be “the largest and most technologically advanced system of its kind in the world”.

CFO Mazin Khan said the financing commitment reflects Masdar’s financial strength, disciplined execution and long-term growth strategy.

The project is expected to become operational in 2027. Work started in October 2025.

Last month, Masdar broke ground on its 1GW wind farm in Kazakhstan, one of Central Asia’s largest renewable energy developments.

Masdar is expanding its renewable energy footprint as it pushes ahead with plans to deliver 100GW of capacity by 2030. It has deployed $45 billion across six continents and built out 65GW of renewable energy capacity worldwide, with projects from Bali to California.

The company is owned by Abu Dhabi’s state-run Taqa (43 percent), Mubadala (33 percent) and Adnoc (24 percent).