Masdar and Elektroprivreda Crne Gore (EPCG) have signed agreements to develop 150 MW of solar capacity and explore more than 400 MW of pumped hydro storage in Montenegro. The projects will be developed through a 50/50 joint venture (JV) established following the companies’ JV agreement signed in April 2026. The solar portfolio comprises the 115 MW Štedim project and the 35 MW Krupac project. The JV also aims to develop up to 2 GW of renewable energy capacity across Montenegro.
In July 2026, Masdar achieved financial close for a 5.2 GW solar project with a 19 GWh battery energy storage system (BESS) round-the-clock project in Abu Dhabi. The project represents a total investment of $6.1 billion. Masdar will be contributing $1 billion in equity for the project. The project is being developed in partnership with Emirates Water and Electricity Company (EWEC). Project construction commenced in October 2025.
In June 2026, Masdar agreed to acquire a 49.99 percent stake in Repsol’s 705 MW renewable energy portfolio in Spain in a deal valuing the assets at €849 million. The portfolio comprises 13 wind farms with a combined capacity of 402 MW and 6 solar parks totaling 303 MW, all of which became operational in 2025 and the first quarter of 2026. It also includes a pipeline of more than 565 MW of potential hybrid projects involving wind, solar and battery storage.