Masdar, the Middle East’s biggest renewable energy company, has laid out how it plans to lift its wind and solar capacity to 100 gigawatts by the end of the decade — roughly equivalent to the total power generation of the UK.
The Abu Dhabi-based group would become one of the biggest renewable energy companies in the world if it achieves its target with more capacity than rivals Iberdrola of Spain, Engie of France or RWE of Germany.
The group, part owned by Adnoc, the state oil group, Taqa, the state water and power business, and sovereign investment fund Mubadala, plans to continue its global investment spree.
It has announced nearly €6.5bn of deals in Spain and Greece this year.
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