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Masdar is more than halfway to its 100 GW renewables target, as it pivots from green hydrogen for the time being
The company has no plans for an IPO as it remains well-funded.
Masdar-led solar project in KSA reaches financial close
Located in Saudi’s Eastern Province, the project cost is estimated at around USD 1.1 bn.
THIS MORNING: Guinea transfers EGA’s concession to state-backed firm + Dubai Investments to IPO one of its subsidiaries this year
Plus: Masdar in line for a stake in Inerdrola’s solar portfolio in Spain
DAE secures 10 Boeing amid fleet reshuffle + Enec eyes international nuclear projects with Hyundai
Plus: Saudi fintech Lean is now authorized under the UAE’s Open Finance Framework
AD Ports opens China office
Plus: CBUAE launches another financial markets-focused JV
Masdar offloads stake in Sharjah waste-to-energy plant as it shifts focus to renewables portfolio
The 30 MW plant currently processes some 300k tons of waste annually
Masdar + Iberdrola to co-invest in UK wind project
The total cost of the wind farm is estimated at EUR 5.2 bn (c. AED 22.4 bn)
THIS MORNING: FAB’s digital bond lists on the ADX + UAE firms in talks with Morocco over USD 10 bn wind projects
Plus: Zayed National Museum opens its doors this December
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