Masdar has signed a collaboration agreement with Azerbaijan Green Energy Company to explore a major expansion of its renewable energy portfolio in Azerbaijan. The partners will assess adding at least 350 MW of solar capacity to the existing 230 MW Garadagh Solar PV project, alongside a battery energy storage system of up to 200 MWh. They will also evaluate a 100 MW round-the-clock renewable energy project. The developments build on Masdar’s growing Azerbaijan portfolio, which includes solar and wind assets and projects under development, taking its renewable energy presence in the country beyond 1.2 GW.
RWE and UAE-based Masdar have signed an MoU to explore joint participation in German offshore wind auctions scheduled for 2027, with potential investment exceeding €3 billion. The agreement builds on their existing offshore wind collaboration in the UK, where the companies jointly operate and develop projects totalling 3.6 GW. Separately, RWE Supply & Trading and ADNOC signed a Letter of Intent covering potential long-term LNG supply agreements for Germany, other European markets and Asia. The agreements strengthen UAE-Germany energy cooperation across renewable development, energy security and diversification of future energy supplies.
Lebanon has introduced new regulations governing solar installations below 1.5 MW as decentralized PV capacity continues to expand rapidly. The framework requires municipal approval, structural assessments, electrical safety certificates and documentation confirming compliance with urban planning requirements. Approved installations must be completed within one year. The interim regulations will remain until Lebanon’s Electricity Regulatory Authority develops permanent rules. Decentralized PV capacity increased from around 78 MW in 2019 to approximately 1,190 MW in 2024, driven largely by electricity shortages, rising generator costs and growing household and business investment in solar, batteries and inverters.
Masdar and SOCAR Green have achieved financial close for the 315 MW Neftchala Solar PV project in Azerbaijan. Developed alongside the country’s Ministry of Energy, the project is being financed by the Asian Infrastructure Investment Bank, European Bank for Reconstruction and Development, and Asian Development Bank. Located in the Neftchala district, the plant is expected to generate more than 686 million kWh annually, supplying electricity equivalent to around 140,000 homes and avoiding about 280,000 tonnes of carbon emissions each year. The project further expands Masdar’s growing renewable energy portfolio across Azerbaijan.
Riyadh Cement Company has signed a 25-year power purchase agreement with Samana Energy for a planned 30 MW solar PV project serving its Al-Muzahimiyah manufacturing facility near Riyadh. Samana Energy will finance, construct, operate and maintain the facility, allowing Riyadh Cement to procure renewable electricity without upfront capital investment. The agreed tariff is below the company’s current self-generation costs and standard grid rates. Commercial operations are targeted for the fourth quarter of 2027, subject to regulatory approvals. The project complements Riyadh Cement’s existing 12.64 MW waste heat recovery system.
The UAE Ministry of Energy and Infrastructure and Mongolia’s Ministry of Energy have signed an MoU to strengthen cooperation in renewable energy, green hydrogen and clean energy infrastructure. The partnership will focus on knowledge exchange, capacity building and identifying practical projects aligned with Mongolia’s energy priorities. Both countries will explore technically and economically viable investment opportunities while encouraging greater private-sector participation. A joint working group will identify priority areas, assess project feasibility and monitor progress. The cooperation combines the UAE’s clean energy development experience with Mongolia’s renewable resource potential to support energy diversification and long-term sustainable development.
ACME Solar Holdings has approved the incorporation of a wholly owned subsidiary in the UAE to support procurement, supply-chain management and project activities for its renewable energy business. The proposed entity, expected to be named ACME Renewables FZCO subject to approval, will operate across renewable energy systems, components and storage-product supply chains. It may also support hedging of internationally traded renewable energy raw materials, including lithium carbonate and polysilicon. The subsidiary is proposed with an initial capital of AED 10,000 and is intended to strengthen ACME Solar’s international procurement and project-support capabilities.
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