The agreement is intended to streamline Masdar’s participation in EWEC’s renewable energy project pipeline, covering stages from early development through to financial close.  “As the driving force behind the UAE’s energy transition, EWEC is at the forefront of a global shift towards sustainable, utility-scale power and water production,” said Ahmed Ali Alshamsi, CEO of EWEC. “This CFA with Masdar is a pivotal strategic tool that empowers us to accelerate this transformation and...

The tender is open to commercial and industrial (C&I) consumers with at least 5MW demand, as well as distribution companies (DISCOMs) and aggregators able to meet the threshold. Bidders must be registered, hold required approvals and not be blacklisted.  Under the tender terms, bidders are required to supply solar modules for the project. For the BESS, developers must guarantee at least 92% dispatchable capacity at the point of interconnection over a 15-year period, starting at 10...

The project is being developed by its subsidiary, Terra Solar Philippines. Dubbed as the world’s largest integrated solar-plus-storage project, MTerra is a joint venture between renewable energy investor Actis and Solar Philippines New Energy Corporation (SPNEC), a subsidiary of Manila Electric Company.  The project spans more than 3,500 hectares across Nueva Ecija and Bulacan in Luzon and is equipped with bifacial n-type tunnel oxide passivated contact (TOPCon) PV modules.  The energi...