Latest news with #ContractforDifference
Yemen Online
28-07-2025
- Business
- Yemen Online
Hub for CFD Brokers in Dubai Sees Increased Activity in H1 2025
Dubai International Financial Centre reported its strongest first-half performance to date. DIFC functions as a regulated financial hub where the Dubai Financial Services Authority oversees and licenses Contract for Difference brokers. Brokers operating under DIFC must comply with local regulations and investor protection standards, creating a regulated environment for CFD trading services across the Middle East. Brokerage Firms and Market Presence According to a LinkedIn post by DIFC several months ago, the Centre is home to more than 70 brokerage firms, including five of the top 10 interdealer brokers globally by volume. Additionally, Interactive Brokers has announced the establishment of its regional presence in DIFC. The firm provides brokerage services to clients within the Centre. Company Registrations and Workforce Growth In the first six months of 2025, DIFC registered 1,081 new active companies, bringing the total number of active registered companies to 7,700. The Centre currently employs 47,901 professionals. Financial Services Authorisations and Sector Expansion Financial services authorisations increased by 28 percent year-on-year, with 78 issued in the first half of 2025 compared to 61 in the same period of 2024. The banking and capital markets cluster expanded to 289 companies, up from 247 a year ago. The wealth and asset management sector grew 19 percent year-on-year to 440 firms, including 85 hedge funds, of which 69 are valued at over one billion dollars. More than 10,000 funds are managed or marketed from DIFC.
Khaleej Times
25-07-2025
- Business
- Khaleej Times
Masdar and Iberdrola achieve financial close for €5.2 billion East Anglia offshore wind project
Masdar, a global clean energy leader, and Iberdrola, one of the world's largest energy companies, today announced they have reached financial close for the 1.4-gigawatt (GW) East Anglia Three offshore windfarm, in one of the biggest offshore wind transactions this decade. Project financing facilities totalling £3.6 billion (€4.1 billion) have been secured with 23 banks and the Danish Export Credit Agency (EIFO), in one of the biggest such transactions in the sector and the largest ever by Masdar. The financing will cover a substantial part of the total project costs, estimated at approximately €5.2 billion. The facility was oversubscribed by more than 40 per cent, reflecting lenders' confidence in the project's fundamentals and the robustness of the partners. Mohamed Jameel Al Ramahi, chief executive officer, Masdar, said: 'The level and profile of investor interest in this financing deal – the largest we have ever signed at Masdar – reflects our position as a global leader in sustainable finance and investor appetite for high-quality renewable energy assets that deliver impact at scale. Today's announcement represents a significant step forward in our partnership with Iberdrola – and in the UK's clean energy journey, supporting the nation in meeting its energy transformation objectives. We look forward to collaborating further with Iberdrola on other gigawatt-scale greenfield projects that will help shape the future of clean energy in the UK and beyond.' Masdar and Iberdrola announced their co-investment in East Anglia Three this month, with each party taking a 50 per cent stake and having co-governance of the 1.4GW asset, which will be pivotal in advancing Europe's ambitious offshore wind development targets. Located off the Suffolk coast in the UK, East Anglia Three will become one of the world's two largest offshore wind farms when it comes into operation in Q4 2026, delivering enough clean energy to power 1.3 million British homes. The project benefits from long-term revenue security through a 15-year CPI-linked Contract for Difference (CfD) awarded in the UK Government's AR4 and AR6 auctions, as well as a Power Purchase Agreement (PPA) with Amazon signed in 2024. Over 2,300 jobs are expected to be created during construction, with 100 long-term roles supported across its lifetime. The co-investment in East Anglia Three marks a significant milestone in the €15 billion strategic partnership Masdar and Iberdrola signed in December 2023 – one of the largest ever bilateral alliances in the global clean energy sector – to accelerate clean energy deployment across key markets including the United Kingdom, Germany, and the United States. The participating banks in the East Anglia Three financing are: BBVA, HSBC, ING, NatWest, SMBC, MUFG, Bank of China, Crédit Agricole, CaixaBank, Santander, BNP Paribas, Helaba, Barclays, ANZ, Rabobank, FAB, ICO, Abanca, Kutxabank, Standard Chartered Bank, Bank of Ireland, CIC and Siemens Bank.
Mid East Info
25-07-2025
- Business
- Mid East Info
Masdar and Iberdrola Achieve Financial Close for €5.2 billion East Anglia THREE Offshore Wind Project - Middle East Business News and Information
Fotograaf: Project financing secured for approximately £3.6 billion (€4.1 billion) to fund the construction of 1.4GW offshore wind farm in the UK, set to be one of the largest in world Masdar's largest-ever financing facility and among the biggest for offshore wind globally to date Financing committed by 24 leading credit institutions, with oversubscription of 40% Abu Dhabi, United Arab Emirates/ Bilbao, Spain – July, 2025: Masdar, a global clean energy leader, and Iberdrola, one of the world's largest energy companies, today announced they have reached financial close for the 1.4-gigawatt (GW) East Anglia THREE offshore windfarm, in one of the biggest offshore wind transactions this decade. Project financing facilities totaling £3.6 billion (€4.1 billion) have been secured with 23 banks and the Danish Export Credit Agency (EIFO), in one of the biggest such transactions in the sector and the largest ever by Masdar. The financing will cover a substantial part of the total project costs, estimated at approximately €5.2 billion. The facility was oversubscribed by more than 40 percent, reflecting lenders' confidence in the project's fundamentals and the robustness of the partners. Mohamed Jameel Al Ramahi, Chief Executive Officer, Masdar, said: 'The level and profile of investor interest in this financing deal – the largest we have ever signed at Masdar – reflects our position as a global leader in sustainable finance and investor appetite for high-quality renewable energy assets that deliver impact at scale. Today's announcement represents a significant step forward in our partnership with Iberdrola – and in the UK's clean energy journey, supporting the nation in meeting its energy transformation objectives. We look forward to collaborating further with Iberdrola on other gigawatt-scale greenfield projects that will help shape the future of clean energy in the UK and beyond.' Masdar and Iberdrola announced their co-investment in East Anglia THREE this month, with each party taking a 50 percent stake and having co-governance of the 1.4GW asset, which will be pivotal in advancing Europe's ambitious offshore wind development targets. Located off the Suffolk coast in the UK, East Anglia THREE will become one of the world's two largest offshore wind farms when it comes into operation in Q4 2026, delivering enough clean energy to power 1.3 million British homes. The project benefits from long-term revenue security through a 15-year CPI-linked Contract for Difference (CfD) awarded in the UK Government's AR4 and AR6 auctions, as well as a Power Purchase Agreement (PPA) with Amazon signed in 2024. Over 2,300 jobs are expected to be created during construction, with 100 long-term roles supported across its lifetime. The co-investment in East Anglia THREE marks a significant milestone in the €15 billion strategic partnership Masdar and Iberdrola signed in December 2023 – one of the largest ever bilateral alliances in the global clean energy sector – to accelerate clean energy deployment across key markets including the United Kingdom, Germany, and the United States. The participating banks in the East Anglia THREE financing are: BBVA, HSBC, ING, NatWest, SMBC, MUFG, Bank of China, Crédit Agricole, CaixaBank, Santander, BNP Paribas, Helaba, Barclays, ANZ, Rabobank, FAB, ICO, Abanca, Kutxabank, Standard Chartered Bank, Bank of Ireland, CIC and Siemens Bank. Crédit Agricole CIB and MUFG acted as financial advisors for the transaction and A&O and Shearman acted as legal advisor to the borrower. About Masdar: Masdar (Abu Dhabi Future Energy Company) is one of the world's fastest-growing renewable energy companies. As a global clean energy leader, Masdar is advancing the development and deployment of solar, wind, geothermal, battery storage and green hydrogen technologies to accelerate the energy transformation and help the world meet its net-zero ambitions. Established in 2006, Masdar has developed and invested in projects in over 40 countries with a combined capacity of 51 gigawatts (GW), providing affordable clean energy access to those who need it most and helping to power a more sustainable future. Masdar is jointly owned by TAQA, ADNOC, and Mubadala, and is targeting a renewable energy portfolio capacity of 100GW by 2030 while aiming to be a leading producer of green hydrogen by the same year.
Gulf Today
24-07-2025
- Business
- Gulf Today
Masdar, Iberdrola achieve financial close for €5.2 billion East Anglia THREE Offshore wind project
Masdar, a global clean energy leader, and Iberdrola, one of the world's largest energy companies, today announced they have reached financial close for the 1.4-gigawatt (GW) East Anglia THREE offshore wind farm, in one of the biggest offshore wind transactions this decade. Project financing facilities totalling £3.6 billion (€4.1 billion) have been secured with 23 banks and the Danish Export Credit Agency (EIFO), in one of the biggest such transactions in the sector and the largest ever by Masdar. The financing will cover a substantial part of the total project costs, estimated at approximately €5.2 billion. The facility was oversubscribed by more than 40 percent, reflecting lenders' confidence in the project's fundamentals and the robustness of the partners. Mohamed Jameel Al Ramahi, Chief Executive Officer, Masdar, said, 'The level and profile of investor interest in this financing deal – the largest we have ever signed at Masdar – reflects our position as a global leader in sustainable finance and investor appetite for high-quality renewable energy assets that deliver impact at scale. Today's announcement represents a significant step forward in our partnership with Iberdrola – and in the UK's clean energy journey, supporting the nation in meeting its energy transformation objectives. We look forward to collaborating further with Iberdrola on other gigawatt-scale greenfield projects that will help shape the future of clean energy in the UK and beyond.' Masdar and Iberdrola announced their co-investment in East Anglia THREE this month, with each party taking a 50 percent stake and having co-governance of the 1.4GW asset, which will be pivotal in advancing Europe's ambitious offshore wind development targets. Located off the Suffolk coast in the UK, East Anglia THREE will become one of the world's two largest offshore wind farms when it comes into operation in Q4 2026, delivering enough clean energy to power 1.3 million British homes. The project benefits from long-term revenue security through a 15-year CPI-linked Contract for Difference (CfD) awarded in the UK Government's AR4 and AR6 auctions, as well as a Power Purchase Agreement (PPA) with Amazon signed in 2024. Over 2,300 jobs are expected to be created during construction, with 100 long-term roles supported across its lifetime. The co-investment in East Anglia THREE marks a significant milestone in the €15 billion strategic partnership Masdar and Iberdrola signed in December 2023 – one of the largest ever bilateral alliances in the global clean energy sector – to accelerate clean energy deployment across key markets including the United Kingdom, Germany, and the United States. The participating banks in the East Anglia THREE financing are: BBVA, HSBC, ING, NatWest, SMBC, MUFG, Bank of China, Crédit Agricole, CaixaBank, Santander, BNP Paribas, Helaba, Barclays, ANZ, Rabobank, FAB, ICO, Abanca, Kutxabank, Standard Chartered Bank, Bank of Ireland, CIC and Siemens Bank. Crédit Agricole CIB and MUFG acted as financial advisors for the transaction, and A&O and Shearman acted as legal advisor to the borrower. WAM
Arabian Post
11-07-2025
- Business
- Arabian Post
Abu Dhabi's Masdar and Iberdrola Back £5 Billion UK Offshore Wind Venture
Greenlogue/AP Abu Dhabi's renewable energy developer Masdar and Spanish energy giant Iberdrola have announced a joint investment totalling €5.2 billion in the UK's 1.4 GW East Anglia Three offshore windfarm. The project, located around 69 km off the Suffolk coast, will be equally co-owned—50:50—by both firms and supported by a €4.1 billion financing package arranged by 24 international banks. East Anglia Three forms part of a decade‑long partnership underpinned by a broader €15 billion strategic alliance between Masdar and Iberdrola, which spans offshore wind and green hydrogen projects across Europe and the United States. The deal represents one of the most significant offshore wind transactions this decade. ADVERTISEMENT Construction finance closed on 9 July 2025, locking in €4.1 billion—approximately 79% of project's total capital cost—raising expectations for smooth delivery into fourth-quarter 2026 operations. Development benefits from a 15‑year, inflation-linked Contract for Difference awarded in the UK government's Auction Round 4 and 6, and a power purchase agreement inked with Amazon in 2024. Upon commissioning, the offshore windfarm is expected to supply clean electricity to some 1.3 million British homes. The onshore cable corridor will transmit that output to the grid, reinforcing the UK's growing offshore capacity. The build phase will generate around 2,300 jobs, with roughly 100 permanent roles for operations and maintenance teams. Masdar, whose parent TAQA holds a 43% stake, has set an ambitious target of 150 GW of renewable capacity by 2030. This partnership in the UK complements its recent acquisition activity in Europe, including a $200 million investment in a Spanish solar portfolio and purchases of Greece's Terna Energy and Spain's Saeta Yield. Iberdrola, already a major renewable investor in the UK via ScottishPower, plans to deploy €28 billion in Britain through 2028 across clean energy and grid modernisation. Earlier this week, the companies also marked the commissioning of their joint Baltic Eagle project in Germany: a 476 MW offshore windfarm energising 475,000 homes and reducing CO₂ emissions by approximately 800,000 tonnes annually. Chief executives from both firms emphasised the strategic and operational strength of their alliance. Masdar's Mohamed Jameel Al Ramahi described East Anglia Three as delivering 'transformative impact at scale' and demonstrating how transnational cooperation can accelerate Europe's energy transition. Iberdrola's Ignacio Galán highlighted the alignment of the project with the firm's commitment to energy security and meeting climate targets, reaffirming the importance of the UK market to the group's growth ambitions. Industry analysts note the project financing's oversubscription by approximately 40%, underscoring strong investor confidence and signalling favourable market sentiment for large-scale renewables. The substantial backing without material balance sheet consolidation further enhances the appeal for future large offshore developments. East Anglia Three represents a critical addition to the UK's offshore wind infrastructure, currently gearing up to meet net‑zero targets with an installed capacity in excess of 13 GW by 2030. The 1.4 GW project will nearly double the capacity of the existing East Anglia One site, reinforcing the region's North Sea energy hub credentials. The rapid progression from deal signing to financing and project mobilisation reflects broader trends in the offshore wind sector, including increased collaboration between sovereign-backed developers and utility-scale investors. With offshore wind capacity in Europe expected to grow substantially in the late 2020s, East Anglia Three exemplifies the type of large‑scale project critical to decarbonisation and energy security.
