Group 1 - Abu Dhabi Future Energy Company (Masdar) and its consortium partners have achieved financial close for the Ibri III Solar Independent Power Project in Oman, which includes a 500MW solar photovoltaic plant and a 100 MWh battery energy storage system [1][2] - The Ibri III project is expected to supply electricity for approximately 33,000 homes and reduce carbon dioxide emissions by an estimated 505,000 tonnes per annum [1][2] - The project aligns with Oman's Vision 2040 goal of sourcing 30% of its electricity from renewable resources by 2030 [2] Group 2 - Financing for the project has been secured from major financial institutions, including Natixis Corporate & Investment Banking and First Abu Dhabi Bank, covering a significant portion of the estimated total project costs of approximately $300 million (Dh1.1 billion) [3] - The project involves the design, construction, financing, maintenance, operation, and ownership of both the solar plant and the associated battery storage system [5] - Masdar has also entered into a power purchase agreement for the 150MW Quipungo Solar PV project in Angola, marking its first such agreement in the country [5]