CATL and Masdar Establish Partnership for World's Largest BESS Project in Abu Dhabi
01/26/25, 9:23 AM
Location
abu dhabiMoney
$6 billion
Industry
energy storage
solar
renewable energy
energy
manufacturing
Type
partnership
CATL and Masdar have announced a partnership for the world's first large-scale 'round the clock' giga-scale project, combining solar power and battery storage in Abu Dhabi. With a total investment of over $6 billion, the project includes 5.2 GW of solar capacity and 19 GWh of energy storage, making it the largest solar and BESS project in the world.
Company Info
Location
abu dhabi, abu dhabi emirate, united arab emirates
Additional Info
CATL is a global leader in the development and manufacturing of lithium-ion power battery and energy storage systems, while Masdar is a clean energy powerhouse based in the United Arab Emirates, with a focus on sustainability and climate action.
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Trends
| Raised | Growth The data in the raised column shows reported funding for this location/industry over last 90 days. The data in the growth column indicates the % increase or decrease of the last 90 days vs. the previous 90 days. Please note: one or more large fundings, especially for a location/industry that doesn't historically receive much funding, can have a significant impact on the increase or decrease percentage. | |
|---|---|---|
manufacturing | $7.6 B | -24.7% |
energy | $3 B | -54.9% |
renewable energy | $2 B | -61.4% |
solar | $1 B | -15.7% |
energy storage | $34.7 M | -92.1% |