A consortium of 13 international and local banks provides $5.1bn debt financing for the world's first gigascale round-the-clock renewable energy project, developed by Masdar and Ewec in Abu Dhabi... .
Masdar has reached financial close on a $6.1 billion renewable energy project in Abu Dhabi, securing $5.1 billion in debt financing for a solar and battery complex designed to supply clean electricity around the clock.
Representing a total capital investment of US$6.1 billion, with Masdar funding US$1 billion of equity, the RTC project is being developed in Abu Dhabi by Masdar and Emirates Water and ElectricityCompany (EWEC).
) Masdar reaches financial close for world-first US$6.1 billion gigascale 24/7 clean energy project ... Masdar broke ground on the project in October 2025, and it is expected to be operational in 2027.
) Masdar breaks ground on inaugural 1GW wind farm in Kazakhstan and advances Round-the-Clock renewable energy ambitions ... We are proud to launch this landmark project together with Masdar, marking an important milestone in our strategic partnership.