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Abu Dhabi News

 

UAE’s Masdar Posts Profit while Tripling Assets in 2024

Jul 31, 2025

Abu Dhabi state-owned renewables company Masdar reported a 2024 profit of 412 million dirhams ($112.18 million) on Thursday, reversing a 44-million-dirham net loss recorded the previous year.The company's total assets more than tripled in the year ending December 31…

Masdar, RWE Get Closer to Official Go-Ahead for 3GW UK Offshore Wind Farms

Jul 14, 2025

The U.K. Planning Inspectorate has concluded its six-month Nationally Significant Infrastructure Project (NSIP) examination period for the Dogger Bank South (DBS) offshore wind farms, with the consent decision now expected within the next six months…

Iberdrola Picks Up $4.9B to Finance 1.4GW UK Offshore Wind Farm

Jul 11, 2025

Iberdrola has signed green financing agreement with 24 banks for the East Anglia THREE offshore wind farm, being developed together with Abu Dhabi Future Energy Company (Masdar).The transaction valued at $4.88 billion, which was 40% oversubscribed…

Current News

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Eni Exits Consortium for Oil and Gas Exploration Offshore Israel

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Big Oil to Reap Billions from Energy Price Surge

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Arabian Drilling Flags Temporary Offshore Rig Suspensions in Persian Gulf

Arabian Drilling Flags Temporary Offshore Rig Suspensions in Persian Gulf

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