Masdar also announced Jinko Solar and JA Solar as preferred suppliers for solar modules

Masdar reported that its operational, under-construction, and advanced pipeline capacity increased from 20GW in 2022 to 51GW by the close of 2024.

The project features a 5.2GW (DC) solar PV plant paired with a groundbreaking 19GWh BESS, creating a renewable energy facility capable of providing 1GW of baseload power 24/7.

The deal was conducted in partnership with Saudi Arabia’s Zamil Group Investment Company and the Ghandour family

The loan, with a 20-year tenure, will finance the development, construction, and ongoing operation and maintenance of the wind farm.

The plant will operate under a build-own-operate model, with feasibility studies expected to conclude by late 2025.