Masdar’s 2025 Results: Generation Up 38%, Global portfolio Hits 66.5 GW

# What happened

# How the numbers break down Masdar's portfolio reached 66.5 GW at year-end. That total includes:

• 20.7 GW of secured projects or projects approaching final investment decision.

The company continues pursuing a public target of 100 GW by 2030.

Expansion was driven by acquisitions, new project deliveries, and construction progress. For the first time Masdar included Saeta Yield and TERNA ENERGY within its sustainability reporting boundary. Those additions increased Masdar's operating presence across Spain, Portugal, Southeastern Europe and Central Europe and added wind, solar and pumped-hydro storage development pipelines.

Several large projects moved forward in 2025:

• Baltic Eagle offshore wind farm (Germany) began generating at 476 MW.
• Nur Bukhara solar project in Uzbekistan started at 250 MW.
• Financing was secured for the 2 GW Al Sadawi solar project in Saudi Arabia.
• In Abu Dhabi, Masdar broke ground on a gigascale development combining 5.2 GW of solar with a 19 GWh battery system designed to deliver 1 GW of continuous clean power.

These projects reflect a push into larger-scale solar, offshore wind and grid-scale battery storage.

# How growth was financed

# Non-generation metrics Masdar reported more than 100 community initiatives across eight countries, 23 biodiversity surveys and three conservation partnerships. At the Zarafshan Wind Farm, AI-based bird detection recorded no fatalities among target species during the reporting period.

Workforce and training figures: women made up 30.2% of the workforce and 20% of management roles. The Emiratization rate was approximately 46% (excluding international operations). Employees completed 250,000 hours of health, safety and environmental training.

# Why it matters for investors and operators Masdar's 2025 results show a combination of acquisition-led growth, project delivery and use of green finance to scale an international renewables platform. The next phase will test whether that expanded portfolio can consistently deliver reliable generation, disciplined capital deployment and measurable environmental outcomes as Masdar advances toward its 100 GW target.

# CEO statement Masdar's CEO Mohamed Jameel Al Ramahi framed the results as reflecting UAE leadership and long-term commitment to clean energy, noting the company's focus on building a stronger, more competitive global energy business while advancing toward 100 GW by 2030.