Masdar will invest $13.9 billion UK renewable energy project

December 01, 2023

The UAE is investing in a massive renewable energy project, including a giant offshore wind farm, in the UK.

Abu Dhabi Future Energy Company – Masdar, the UAE’s clean energy powerhouse, is part of an £11 billion ($13.9 billion) investment into the UK’s renewable energy sector and is purchasing a 49% stake in RWE’s 3 gigawatt (GW) Dogger Bank South (DBS) projects.

DBS is one of the world’s largest wind farm projects and is capable of powering millions of British homes, reducing emissions and creating up to 3,000 jobs.

Read the original article in Arabian Business: UAE’s Masdar to invest in $13.9 billion UK renewable energy project