Renewable energy company Masdar has arranged USD 5.1 billion in financing for the world’s largest clean energy project designed to supply baseload electricity.
Back in January 2025, Abu Dhabi Future Energy Company PJSC – Masdar, based in the United Arab Emirates, unveiled the solar and energy storage project for the production of baseload electricity.
Now, Masdar has announced the financial close for the “world’s first gigascale 24/7 renewable energy project.” This marks a defining milestone in the commercialization of the next generation of clean energy infrastructure, the company added.
The total investment is estimated at USD 6.1 billion, with Masdar funding USD 1 billion of equity.
The project is backed by a consortium of 13 international and local banks
The Round-the-Clock (RTC) renewable energy project is being developed in Abu Dhabi by Masdar and Emirates Water and Electricity Company (EWEC). It integrates a 5.2 GW solar photovoltaic (PV) plant with a 19 GWh battery energy storage system (BESS).
Masdars claims it is the largest and most technologically advanced system of its kind in the world.
The project is backed by a consortium of 13 international and local banks. The USD 5.1 billion financing package demonstrates strong market confidence in both the project’s commercial viability and Masdar’s ability to deliver complex energy infrastructure at scale, according to the company.
The financing was provided by a consortium including the following lenders:
- 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
- Hongkong and Shanghai Banking Corporation (HSBC)
- KfW IPEX-Bank
- Natixis
- Sumitomo Mitsui Banking Corporation
- Standard Chartered Bank
- Societe Generale
Masdar broke ground on the project in October 2025
The fnancial close demonstrates that large-scale renewable energy projects capable of delivering round-the-clock power have evolved from technical ambition to commercially bankable infrastructure, the update reads.
Masdar broke ground on the project in October 2025, and it expects it to become operational in 2027.
Masdar Chief Financial Officer Mazin Khan stressed that the company has secured funding from a broad and highly respected group of local and international banks.
“This milestone demonstrates our ability to mobilize global capital at scale while delivering innovative renewable infrastructure that supports long-term economic growth and energy security,” he pointed out.
