Masdar–ENGIE seals financing for 1.5‑GW Al Ajban, delivering ultra-low-cost midday solar, battery-ready infrastructure, and thousands of jobs—setting Abu Dhabi''s stage for storage
Masdar and Engie have reached financial close for the 1.5-gigawatt Khazna Solar Photovoltaic ( PV ) Independent Power Project in Abu Dhabi. Debt was provided by Abu Dhabi
Masdar and Emirates Water and Electricity Co. (EWEC) plan to build a $6 billion, 5 GW/19 GWh solar-plus-storage project in Abu Dhabi, with operations set to start by 2027.
Global law firm Ashurst has advised BNP Paribas, HSBC, Crédit Agricole CIB, Standard Chartered, SMBC and MUFG as underwriters on the US$870,750,000 project bond refinancing the
In the Gulf, three kinds of project finance deals are most common. The first are deals for competitively tendered transactions to finance public infrastructure such as power and water plants;
The UAE state-owned renewables developer Masdar has begun construction on a giant solar-plus-storage project in Abu Dhabi.
Both initiatives are funded by the Abu Dhabi Fund for Development and worth US$50 million each. Located in the Bab Al Shams area of Dubai, the project is a 1.2 MW PV plant connected to the
With convenient application processes, the program offers medium- and long-term loans and working capital of up to AED5 million, particularly directed at solar energy projects.
This loan is exclusively reserved for eco-friendly, sustainable, or low-carbon projects. Your application is reviewed by teams trained in climate finance, not just commercial banking.
Scelto Energy Africa is a leading energy storage equipment manufacturer and integrator based in South Africa, serving the African market. We specialize in lithium-ion batteries for residential, commercial and industrial use, system-level battery management systems (BMS) for optimal performance and safety, energy conversion systems (PCS) for efficient power flow, energy storage battery system cabinets with integrated monitoring, communication cabinets for telecom and data centres, commercial & industrial energy storage cabinets for factories and warehouses, integrated PV-storage systems for seamless solar plus storage operation, distributed energy resources for microgrids and off-grid applications, and deep discharge battery technology for extended cycling. As a full-service provider, we also offer containerised BESS, modular battery racks, backup emergency power, and zero‑carbon microgrids. Our advanced lithium‑ion and sodium‑ion solutions ensure safety, scalability, and high performance for residential, commercial, industrial, and utility projects across Africa.
Our modular energy storage portfolio ranges from compact lithium-ion batteries to 20ft/40ft mobile containers and outdoor all-in-one storage cabinets with IP54 protection. We are a leading energy storage equipment manufacturer, offering communication cabinets for 5G/telecom, server racks for data centers, and IP54 rated enclosures for harsh environments. Our stackable design allows flexible capacity expansion, while our grid-forming technology ensures stable off‑grid operation. Whether for off‑grid power systems, backup emergency power, integrated PV-storage or large zero‑carbon parks, our products feature advanced thermal management, deep discharge cycling, and compliance with African and international standards. We also provide professional energy storage system installation and after‑sales support across Africa.