Round-the-clock renewables just banked a $6.1bn stamp of approval.
A 13-bank consortium, a DFI, and a supermajor’s exit all landed in the same window — different structures, one signal: capital keeps flowing toward de-risked, scaled renewables. What we’re tracking today:
Masdar reached financial close on its $6.1bn Abu Dhabi solar-plus-storage project — $5.1bn in debt from 13 international and local banks, backing 5.2 GW of solar paired with 19 GWh of battery storage. The world’s first gigascale round-the-clock renewable facility, and a live benchmark for how Gulf lenders price 24/7 clean power risk.
The African Development Bank approved USD 66m (EUR 57.6m) for phase one of the Dandara project in southern Egypt — 500 MW of solar plus 100 MWh of storage. DFI capital keeps anchoring African solar-plus-storage bankability, the same blended-finance logic behind pipelines like ours.
Shell agreed to sell its Sprng Energy platform — roughly 5 GWp across India — to Aditya Birla Renewables for USD 1.8bn, with GIP-managed funds co-financing. Another supermajor recycling capital out of an integrated renewables platform, straight into a strategic buyer’s hands.
At Persimmon Investments, that’s the map we invest against: de-risked capital finding scale, wherever the structure allows it.