Abu Dhabi Future Energy Company (Masdar), a global leader in clean energy, announced on Monday the completion of financial close for the first and largest project of its kind providing round-the-clock renewable energy, a step that represents a qualitative leap in developing the new generation of clean energy infrastructure projects and implementing them on a commercial scale.

The deal includes a financing package for the project worth AED 18.73 billion ($5.1 billion), through a consortium of 13 leading local and international banks, reflecting the financial sector's confidence in the commercial viability of the project and Masdar's ability to implement advanced, large-scale energy infrastructure projects.

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The total investment value of the project is AED 22.4 billion ($6.1 billion), with Masdar contributing AED 3.67 billion ($1 billion) as an equity stake.

Masdar is developing the project in Abu Dhabi in collaboration with Emirates Water and Electricity Company, and includes a 5.2 GW solar photovoltaic plant equipped with a battery energy storage system with a capacity of 19 GWh, the largest and most technically advanced in the world.

Financing was provided through a consortium of prominent regional and international banking institutions, including Abu Dhabi Commercial Bank, Abu Dhabi Islamic Bank, BNP Paribas, Bank of China, Crédit Agricole Corporate and Investment Bank, Dubai Islamic Bank, First Abu Dhabi Bank, HSBC, KfW IPEX-Bank, Natixis, Sumitomo Mitsui Banking Corporation, Standard Chartered Bank, and Société Générale.

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The completion of financial close for this pioneering project demonstrates that large-scale renewable energy projects capable of providing electricity around the clock have transitioned from a mere technical ambition to commercially viable infrastructure projects able to attract financing from financial institutions.

With accelerating demand for electricity due to developments in artificial intelligence technologies, data centers, and advanced industries, the project sets a new benchmark for financing reliable, large-scale clean energy projects and offers a practical solution to the intermittency of renewable energy supply.

The deal reflects Masdar's position and ability to continue attracting interest from financial institutions and securing financing for advanced renewable energy projects in collaboration with governments, utilities, and financial institutions.

Mazen Khan, Chief Financial Officer of Masdar, said: 'We are pleased to secure financing for this pioneering project with the support of a consortium of prestigious local and international banks, reflecting confidence in this landmark project and in Masdar's financial capabilities, high efficiency in project execution, and long-term growth strategy.'

He added: 'This achievement demonstrates Masdar's ability to attract global capital to finance and develop innovative, large-scale renewable energy infrastructure projects that support sustainable economic growth and enhance long-term energy security. The company looks forward to continuing project implementation to provide clean energy around the clock with high reliability and competitive prices.'

Masdar laid the foundation stone for the round-the-clock renewable energy project in October 2025, and it is expected to become operational in 2027. This project is one of the key pillars of the UAE's clean energy strategy, contributing to energy security and supporting economic diversification.

Masdar has a global project portfolio with a total generating capacity exceeding 65 GW, covering key and high-growth renewable energy markets, and includes various renewable energy technologies, including solar, onshore and offshore wind, battery energy storage systems, and hybrid solutions.

As part of its efforts to reach 100 GW by 2030, Masdar continues its expansion and growth in key global markets through a disciplined and measured approach, providing clean, reliable, and cost-competitive energy to meet the rapid growth in global electricity demand.