Investing in renewables ADNOC is targeting a portfolio capacity of more than 100GW by 2030 through our shareholding in Masdar, the Abu Dhabi Future Energy Company. Masdar also continued to advance projects across Emerging Markets and Developing Economies (EMDEs), including inaugurating the 500MW Zarafshan Wind Farm in Uzbekistan, the largest of its kind in Central Asia. This long-standing commitment to expanding energy access in EMDE’s and the Global South was further bolstered by the successful second issuance of Masdar’s green bonds – oversubscribed by 4.6 times and valued at $1 billion – with proceeds being used 2 1 8 10 7 11 23 12 15 14 13 16 19 20 21 17 18 22 6 3 4 9 24 27 29 26 25 30 5 28 31 32 33 WIND FARM SOLAR FARM WATER TREATMENT WASTE TO ENERGY ROOFTOP PV International and Middle East . 1 ENGLAND, UK London Array Dudgeon Offshore Wind Farm Arlington Battery Energy Storage System (BESS) . 2 SCOTLAND, UK Hywind Scotland Floating Wind Farm . 3 MOROCCO Solar Home Systems . 4 MAURITANIA Sheikh Zayed Solar Plant Rural Electrification Program . 5 SERBIA Čibuk 1 Onshore Wind Farm . 6 MONTENEGRO Krnovo Onshore Wind Farm . 7 EGYPT Benban Solar PV Plant Toshka 10 MW Solar Power Plant Red Sea Solar PV Power Plants Siwa Solar PV Plant Al Wadi Al Jadeed Solar PV Plants 7,000 Solar Home Systems West Bakr Wind Farm . 8 JORDAN Tafila Onshore Wind Farm, Baynouna Solar Plant . 9 OMAN Dhofar Onshore Wind Power Project . 10 AFGHANISTAN Solar Home System, Rooftop PV . 11 SEYCHELLES Port Victoria Onshore Wind Farm Ile de Romainville Solar Plant . 12 PALAU Palau Solar and Water Treatment . 13 POHNPEI Pohnpei Solar Plant . 14 TUVALU Tuvalu Solar Plant . 15 NAURU Nauru Solar Plant . 16 HONIARA Solomon Islands Solar Plant . 17 VANUATU Vanuatu Solar Plant . 18 KIRIBATI Kiribati Solar Plant . 19 MAJURO Marshall Islands Solar Plant . 20 FIJI Fiji Solar Plant . 21 TONGA Tonga Solar Plant . 22 SAMOA Samoa Onshore Wind Turbines . 23 CARIBBEAN 5 projects delivered through UAE- CREF, 11 more planned . 29 UZBEKISTAN Zarafshan Wind Farm Nur Navoi Solar Plant Samarkand PV Sherabad PV Plant Jizzakh PV Plant . 30 POLAND Mlawa and Grajewo Wind Farms . 31 ARMENIA AYG-1 Solar . 32 SENEGAL Taiba Wind Farm . 33 SOUTH AFRICA Khobab Wind Farm Loeriesfontein Wind Farm Noupoort Wind Farm Kangnas Wind Farm Perdekraal Wind Farm . 24 SAUDI ARABIA Dumat Al Jandal Wind Farm South Jeddah Noor PV Plant . 25 INDONESIA Cirata Floating Solar Geothermal Investment . 26 AUSTRALIA East Rockingham Waste to Energy . 27 UNITED STATES Rocksprings Wind Farm Sterling Wind Farm Coyote Wind Farm Las Majadas Wind Farm Milligan 1 Wind Farm Desert Harvest 1 & 2 Solar PV Plants Maverick 1 & 4 Solar PV Plant Big Beau Solar PV Plant . 28 AZERBAIJAN Garadagh Solar PV Power Plant ENERGY STORAGE GEOTHERMAL Masdar’s global presence to fund Masdar’s equity commitments on new greenfield projects, several of which are in developing economies. In the UAE, Masdar reached financial close on the 1,800-megawatt sixth phase of the Mohammed bin Rashid Al Maktoum Solar Park, the largest single-site solar park in the world. The solar park’s capacity is expected to exceed 5,000 megawatts by 2030, with investments totaling approximately $13.6 billion (AED 50 billion). In 2024, Masdar significantly expanded its global renewables portfolio. Landmark acquisitions in the United States, Spain and Greece have resulted in a 61% increase in capacity from 2023, surpassing 51GW globally and generating more than 26,700 gigawatt hours of clean power. 70
ADNOC Sustainability Report 2024: Driving Progress & Prosperity Page 69 Page 71