The company is responsible for development of Masdar City, which headquarters the International Renewable Energy Agency.

In 2006, the UAE government established Abu Dhabi Future Energy Company PJSC (Masdar) to diversify the entire resources and boost the local economy.

[14][15][16] With Austrian Verbund it signed a joint study agreement about large scale green hydrogen production in Spain.

[17] During the COP28, Masdar was reported to have hired lobbyists and a public relations firm, First International Resources, to defend its work during the COP28 after criticism from politicians and environmentalists.

[20] On 1 December 2023, it was agreed that Masdar would part of an £11 billion investment in the UK's Dogger Bank wind farm project.