Projects
World's first gigawatt-scale round-the-clock renewable energy project reaches financial close: milestone significance of 5.2 GW solar + 19 GWh storage
Masdar and EWEC’s 5.2 GW solar + 19 GWh storage project in the UAE secures $5.1 billion in financing from 13 banks, with a total investment of $6.1 billion. As the world’s first gigawatt-scale round-the-clock renewable energy project, its financial close demonstrates the commercial viability of such large-scale new energy infrastructure, providing a new paradigm for stable and clean power supply to data centers.