Masdar

Active since 2006, Masdar is spearheading the UAE’s sustainable energy strategy in both the local and international arenas. Jointly owned by TAQA, ADNOC and Mubadala Investment Company, the strategic investment arm of Abu Dhabi’s government, Masdar aims to take up leadership in the global energy industry while fostering research and investment in sustainable energy sources and economic diversification.

In 2008, Masdar embarked on the ambitious Masdar City development. This economic free zone has created a unique ecosystem of business, start-ups, academia, R&D, and commercial and residential urbanisation focused on the development of innovative and sustainable livelihoods. The city is the centrepiece of Abu Dhabi’s strategic initiative to diversify its energy mix and become a world leader in renewable energies, clean technologies and sustainable development.

Masdar has been leading the energy transition in the UAE thanks to its own investment and R&D, but also to key partnerships with international leaders in the renewable energy sector. The company is present in two key solar projects in the UAE: Shams Solar Plant, the UAE’s first large-scale solar power plant, and Phase 3 of the Mohamed bin Rashid Al Maktoum Solar Park. It is also a shareholder in the Emirates Waste to Energy Company in Sharjah.

Masdar’s expansion in the international renewable energy markets has been equally impressive and diverse, with a presence across more than 40 countries and in many types of technology. As of end-2024, the company’s global renewable energy portfolio exceeded 50 GW of capacity, and it is targeting 100 GW by 2030.