Transaction

EWEC/Masdar 5.2GW Solar PV + 19GWh BESS Project

United Arab EmiratesSolar Energy, Renewable EnergyReviewed 11 September 2026

Integrated solar-plus-storage IPP delivering up to 1GW of round-the-clock (RTC) dispatchable renewable power. Construction reportedly began October 2025 (ahead of full financial close — an early-works/notice-to-proceed sequence). Financial close: July 2026, $6.1bn total investment ($5.1bn debt + $1bn Masdar equity). Commercial operations forecast 2027 (not achieved). Described by Masdar as one of the largest-ever financings for an integrated renewable+storage project and the 19GWh BESS as the largest battery storage system ever financed at close.

Status

Under ConstructionStatus
Financial Close Achieved / Major Contracts Under DeliveryProcurement Status

Value

USD 6.1 billionInvestment Value

Scale & Capacity

5.2 GWSolar PV capacity
19 GWhBattery storage

Overview

Location
Abu Dhabi, UAE
Financing
$5.1bn debt financing + $1bn Masdar equity

Project Developments

  • Project · 15 July 2026EWEC and Masdar close $6.1bn financing for integrated solar-plus-storage project

    EWEC and Masdar reached financial close on $6.1bn ($5.1bn debt + $1bn equity) financing for the 5.2GW solar + 19GWh BESS round-the-clock renewable project — among the largest-ever financings for an integrated renewable-plus-storage project.

Participants & Roles

Technology / Equipment Provider

Sponsor / Developer

Government Entity / Grantor

Offtaker / Revenue Counterparty

Sources
  • Masdar newsroom (financial closing announcement)Project Company / Sponsor
  • EWEC/Masdar joint materialsOfficial / Government