In more Masdar news: The renewables firm reached financial close for another project and locked in a partnership to deploy AI energy systems across renewables projects. This comes just days after it was awarded a CfD for the 3 GW Dogger Bank South wind farm and secured financing for a solar and battery project in Uzbekistan.

In Oman: Masdar and its consortium partners reached financial close on Ibri III, Oman’s first utility-scale project to pair solar with battery storage, according to a statement. The USD 300 mn financing came from Natixis Corporate & Investment Banking and First Abu Dhabi Bank.

About the plant: The 500 MW plant, which features a 100 MWh battery energy storage system, is scheduled to come online in 1Q 2027 and span some 10 mn sqm. Adjacent to the existing Ibri II, Ibri III will annually offset some 505k tons of CO2 emissions at full capacity.

REMEMBER- The Masdar-led consortium signed the agreement to develop the project with Oman’s Nama Power and Water Procurement Company back in September, alongside a separate agreement to fund a 530-km electricity interconnection between the UAE and a new Ibri station in Oman.

In parallel, Masdar inked a strategic MoU with China-based Envision to deploy Envision’s AI Energy System across its wind, storage, and green hydrogen projects.

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