The Epic Financial Close That’s Shaking Up Clean Energy
Abu Dhabi Future Energy Company PJSC – Masdar, a global clean energy leader, today announced financial close for the world's first gigascale 24/7 renewable energy project, marking a defining milestone in the commercialization of the next generation of clean energy infrastructure. Moreover, this massive win comes backed by a consortium of 13 leading international and local banks with a US$5.1 billion financing package.
Representing a total capital investment of US$6.1 billion, with Masdar funding US$1 billion of equity, the RTC project is being developed in Abu Dhabi by Masdar and Emirates Water and Electricity Company (EWEC). Transitioning smoothly into reality, they integrate a 5.2GW solar photovoltaic (PV) plant with a 19 gigawatt-hour (GWh) battery energy storage system (BESS). Banks like Abu Dhabi Commercial Bank, First Abu Dhabi Bank, HSBC, and others jumped on board, showing huge confidence in this groundbreaking setup.
Why This Changes Everything for Our Energy Future
Financial close demonstrates that large-scale renewable energy projects capable of delivering round-the-clock power have evolved from technical ambition to commercially bankable infrastructure. Additionally, as electricity demand accelerates, driven by AI, data centers, and advanced manufacturing, the project establishes a new benchmark for financing reliable, utility-scale clean energy projects and addresses the key challenge of intermittency.
Masdar broke ground on the project in October 2025, and it is expected to be operational in 2027. Furthermore, this powerhouse remains a cornerstone of the UAE’s clean energy strategy, contributing to energy security and economic diversification. With a diversified portfolio of more than 65GW and a clear pathway to 100GW by 2030, Masdar keeps pushing boundaries and delivering affordable clean power worldwide. What a thrilling ride ahead!
