Masdar launches largest wind farm complex in Serbia after $5.8 billion agreement in Germany Two steps in one week sum up the Emirati company's strategy in Europe: operating a completed wind farm complex in the Balkans, and a preliminary understanding that opens the door to larger investments in the heart of the continent. Dubravka Đedović Handanović, Serbia's minister of mining and energy, and Ahmed Al Menhali, the UAE ambassador to Serbia, during the inauguration ceremony of the Čibuk 2 plant (WAM) Abu Dhabi Future Energy Company (Masdar), in cooperation with Finnish company Taaleri Energia, inaugurated the Čibuk 2 wind farm in Serbia with a capacity of 154 MW, raising the total capacity of the Čibuk complex to 312 MW, making it the largest wind farm complex in Serbia and the Western Balkans region, according to the two companies. The project gives Serbia, an EU membership candidate, a cheaper and more stable local source of electricity at a time when it seeks to reduce its dependence on coal and limit its exposure to fluctuations in imported fuel prices. As for Masdar, the project is not an isolated event but part of a broader pattern: the company is building up its presence in Eastern and Central Europe as a prelude to entering larger and more competitive markets such as Germany, as part of its effort to raise its global portfolio from 65 GW currently to 100 GW by 2030. 312 MW enhances Serbian energy security Čibuk 2 alone is expected to produce up to 336,000 MWh of electricity annually, enough to cover the needs of about 80,000 homes and avoid the emission of about 311,200 tons of carbon dioxide annually, according to estimates by the two companies. The plant includes 22 wind turbines manufactured by the German company Nordex, while the project's implementation during the construction phase provided more than 1,000 job opportunities, most of them for residents of the South Banat region. Dubravka Đedović Handanović, Serbia's minister of mining and energy, said: "The completion of the Čibuk 2 plant represents an important step in Serbia's efforts to reduce emissions in the energy sector and enhance energy security." She added that the total capacity of Masdar's two projects in the country is equivalent to about 25% of Serbia's total current wind and solar power capacities. Serbia aims to increase its solar and wind power capacities by about 3.5 GW by 2030, and raise the share of renewable energy sources to 45% of total electricity supply during the same period. Expansion in Europe Mohamed Jameel Al Ramahi, CEO of Masdar, told the Emirates News Agency (WAM): The inauguration of the Čibuk 2 project represents an important milestone in the framework of expanding our projects in Serbia, and confirms our ability to implement quality projects with high efficiency and in record time. For his part, Kai Rintala, CEO of Taaleri Energia, added: With the entry of the Čibuk 1 and Čibuk 2 plants into operation, the Čibuk wind farm complex has become the largest of its kind in Serbia and the Western Balkans region. Masdar's portfolio under development in Serbia exceeds 200 MW, including solar and wind power projects and energy storage systems, within a global portfolio whose production capacity exceeds 65 GW. The company aims to reach 100 GW by 2030, with increasing focus on offshore wind and energy storage projects in European markets. The inauguration of Čibuk 2 comes at a time when Masdar is expanding its investments in European energy markets. On September 11, the company agreed with Germany's Luxcara, an energy infrastructure investor, to explore opportunities for joint investment in energy storage and offshore wind in Germany and other markets, with a value exceeding five billion euros ($5.8 billion), according to Reuters. The two companies signed a memorandum of understanding to establish a strategic partnership between them.

RWE, Masdar explore €3 billion German offshore wind investment as ADNOC advances future LNG supply agreements. 15th September 2026 RWE has signed two agreements with UAE-based energy companies during the state visit of UAE President Sheikh Mohamed bin Zayed Al Nahyan to Germany, covering potential offshore wind investments in Germany and future LNG supplies to European and Asian markets. The agreements include a Memorandum of Understanding (MoU) between RWE and Abu Dhabi Future Energy Company PJSC - Masdar on offshore wind, and a Letter of Intent (LOI) between RWE and ADNOC on potential long-term LNG supplies. The agreements are aimed at strengthening energy cooperation between Germany and the UAE while supporting renewable energy development and energy security in Germany and Europe. RWE and Masdar explore German offshore wind opportunities. Under the MoU, RWE and Masdar intend to explore joint participation in German offshore wind auctions scheduled for 2027. The proposed collaboration has an indicative investment value of more than €3 billion. The agreement builds on the companies' existing offshore wind partnership and could further expand Masdar's investments in Germany's energy sector. RWE and Masdar currently jointly operate and develop offshore wind projects in the UK with a combined capacity of 3.6 GW. Their partnership includes the London Array offshore wind farm, which has been operational since 2013 with a capacity of more than 600 MW. The companies have also partnered on the Dogger Bank South offshore wind projects in the UK, comprising the East and West projects with a combined planned capacity of 3 GW. Earlier this year, RWE and Masdar secured Contracts for Difference for the Dogger Bank South projects under the UK Government's Allocation Round 7. Dr Markus Krebber, CEO of RWE AG, said offshore wind would play an important role in Europe's energy security and decarbonization efforts, adding that partnerships would be important for developing Germany's offshore wind potential. Masdar CEO Mohamed Jameel Al Ramahi said the company's experience across offshore wind projects in the UK and Europe would support its efforts to explore new opportunities in Germany with RWE. RWE and ADNOC Advance LNG Supply Discussions. Separately, RWE Supply & Trading and ADNOC signed a Letter of Intent covering potential long-term LNG supply agreements. The companies intend to agree on terms for up to two LNG sale and purchase agreements. The potential contracts would cover LNG deliveries to Germany and other European markets, as well as Asian markets. The proposed supplies would come from ADNOC Gas' and XRG's growing LNG portfolio, including projects in Ruwais, Das, Rio Grande, Mozambique and Argentina. Deliveries are expected to begin in the early 2030s, subject to the conclusion of definitive agreements. The LOI builds on discussions under the Strategic Collaboration Agreement signed between RWE and ADNOC in February. RWE said the potential LNG arrangements would support the diversification of its global LNG portfolio while contributing to security of supply in Germany and Europe. UAE-Germany energy cooperation. His Excellency Dr Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology, ADNOC Managing Director and Group CEO, and Chairman of Masdar, said the agreements reflect the UAE and Germany's growing cooperation in energy security, industrial development and clean energy. The UAE has also indicated plans to invest an additional €40 billion in Germany, highlighting the broader investment relationship between the two countries. The latest agreements bring together cooperation across both renewable energy and conventional energy supply, with offshore wind supporting Germany's long-term decarbonization goals and LNG potentially contributing to energy security and supply diversification. RWE said it will continue working with Masdar and ADNOC to develop the commercial frameworks for the proposed offshore wind and LNG opportunities.

Masdar, Taaleri Energia inaugurate 154MW ibuk 2 wind project in Serbia. WAM 15 Sep 2026, 00:47 GMT+ BELGRADE, 14th September, 2026 (WAM) - Abu Dhabi Future Energy Company PJSC - Masdar and Taaleri Energia, a Finnish renewable energy fund manager, today inaugurated the 154-megawatt (MW) ibuk 2 wind farm, creating the largest wind power hub in Serbia and the Western Balkans. ibuk 2 sits alongside the 158MW ibuk 1 wind farm in Serbia's South Banat region, around 40km from Belgrade. Together, the two projects have a total installed capacity of 312MW, providing enough clean electricity to power around 178,800 households. The combined projects represent more than 500 million of foreign direct investment in Serbia's energy infrastructure. The wind farm was inaugurated at a ceremony in Belgrade attended by HE Dubravka edovi Handanovi, Minister of Mining and Energy, Republic of Serbia, HE Ahmed Almenhali, Ambassador of the United Arab Emirates to the Republic of Serbia, Ms. Elina Ollila, Deputy Ambassador of Finland to the Republic of Serbia, and the leadership of Masdar and Taaleri Energia. As Serbian electricity demand grows, ibuk 2 will deliver dependable, competitively priced, domestically generated power for decades, reducing exposure to fuel price volatility and supporting a more resilient, diversified energy system. Beyond the operational ibuk complex, Masdar has a Serbian development pipeline of more than 200MW spanning solar, wind and battery storage projects. Serbia offers significant long-term growth potential, with plans to bring around 3.5 gigawatts (GW) of new wind and solar capacity online by 2030 and to achieve 45 percent of electricity generation from renewables in the same timeframe. Dubravka edovi Handanovi, Minister of Mining and Energy, Republic of Serbia commented: "The completion of Wind Park ibuk 2 makes a significant contribution to Serbia's efforts to decarbonize its energy system while increasing its energy independence. The two wind power plants developed by Masdar in Serbia, with a total installed capacity of 312 MW, currently account for around 25 per cent of Serbia's combined wind and solar power capacity. Over the years, Masdar's presence has been a major driver in the development of wind energy capacity in Serbia. Wind Park ibuk 1 marked an early phase in the development of Serbia's wind energy capacity, while ibuk 2 is a standout project in a more mature and dynamic phase of the market. Masdar has proved to be a reliable partner in the renewable energy sector. We hope to continue our cooperation on new projects in the future and to further strengthen our efforts to achieve the sustainable decarbonisation of Serbia's energy sector." Mohamed Jameel Al Ramahi, Chief Executive Officer, Masdar commented: "Today marks a significant milestone for Masdar's presence in Serbia and demonstrates our ability to deliver complex projects at speed and at competitive cost. Alongside our partners here in Serbia, we are providing the high-quality energy infrastructure needed to strengthen energy security and drive sustainable economic growth. With over 300MW now installed at the ibuk hub and a strong pipeline for growth in Serbia, we are creating a platform for greater expansion across the wider region and Central and Eastern Europe." Kai Rintala, Managing Director, Taaleri Energia commented: "ibuk 2 reflects Taaleri Energia's long-term commitment to the region. With ibuk 1 and ibuk 2 now operating together as the largest wind hub in Serbia and the Western Balkans, we have shown that our dedicated investment expertise and disciplined project execution bring lasting value to local communities and to Serbia's energy transition. The experience we have built here underpins our ambition to grow a broader portfolio across Eastern Europe, and we look forward to developing our capabilities further in the years ahead" During construction of ibuk 2, more than 1,000 people were engaged across the workforce, subcontractors and project management, the majority of them local to the South Banat region. Comprising 22 Nordex turbines, ibuk 2 will generate up to 336,000 megawatt-hours (MWh) of clean electricity annually, enough to power around 80,000 homes, while avoiding approximately 311,200 tonnes of carbon dioxide emissions each year. The wind farm is 50/50 owned by Masdar and Taaleri Energia and was developed in partnership with New Energy Solutions. Masdar has built one of the world's leading renewable energy portfolios, with more than 65GW of capacity across established and high-growth renewable energy markets, spanning technologies including solar, onshore wind, offshore wind, battery storage and hybrid solutions. With a clear pathway to 100GW of energy capacity by 2030, Masdar continues to expand through disciplined investment in strategic markets, delivering reliable, affordable clean power to meet rapidly growing electricity demand while supporting energy security and economic growth.