Abu Dhabi just closed the largest round-the-clock renewables financing on record.
That’s the scale now defining serious renewables investing — patient capital, real assets, multi-billion-dollar conviction.
What we’re tracking today:
Masdar and EWEC reached financial close on a $6.1bn (€5.34bn) solar-and-storage complex in Abu Dhabi: 5.2 GW of solar paired with 19 GWh of battery storage, backed by $5.1bn in debt from 13 banks plus $1bn of Masdar equity. It’s built to deliver 1 GW of clean power, uninterrupted, 24/7 — the proof point that makes GCC renewables bankable at gigawatt scale.
The African Development Bank approved $66m (€57.6m) for phase one of the Dandara project in southern Egypt: 500 MW of solar plus a 100 MWh BESS. DFI-anchored capital like this is exactly how African pipelines get de-risked into investable SPVs.
Spain opened a public consultation, running through September 4, on letting battery storage compete directly with fossil generators in dispatch across its island systems — Canary Islands, Balearics, Ceuta and Melilla. Storage economics keep moving from subsidy to market design.
At Persimmon Investments, that’s the map we invest against: GCC scale, African growth, European market design.