December 1, 2023
1 min read

UAE, Malaysia Advance Deal On 10GW Clean Energy Projects

Abu Dhabi Future Energy Company PJSC – Masdar has signed the implementation roadmap with the Malaysian Investment Development Authority (MIDA)

 In the presence of UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan and His Majesty Al-Sultan Abdullah Sultan Ahmad Shah, King of Malaysia, Abu Dhabi Future Energy Company PJSC – Masdar, has signed an implementation roadmap with the Malaysian Investment Development Authority (MIDA) to advance the development of 10GW of clean energy projects in Malaysia.

The implementation roadmap, which includes plans to develop ground-mounted, rooftop and floating solar power plants, onshore wind farms and battery energy storage systems, follows the signing of a memorandum of understanding in October.

The agreement was signed by Mohamed Jameel Al Ramahi, Chief Executive Officer of Masdar, and Datuk Wira Arham Abdul Rahman, Chief Executive Officer of MIDA, paving the way for five additional agreements to develop new solar and wind energy projects in Malaysia.

Together, these five deals will unlock up to 8GW of clean energy across the Southeast Asian nation:

– Joint Development Agreement for 2GW of solar plants with Citaglobal Berhad Tiza Global in Malaysia.
– Collaboration Agreement with Tadau Energy and PSK to develop 2GW of wind power in Malaysia.
– Strategic Memorandum of Understanding with Cypark Resources Berhad for up to 1GW of renewable energy projects in Malaysia.
– Heads of Agreement with Malakoff to develop solar photovoltaic power projects with a targeted aggregate capacity of up to 1GW.
– Memorandum of Understanding with Citaglobal Berhad and TNB Renewables to develop 2GW of renewable energy projects.

These agreements, signed at COP28, demonstrate Masdar’s ongoing commitment to Malaysia and to supporting the country’s ambitious target of 70 percent renewable energy installed capacity and net-zero emissions by 2050.

ALSO READ: UAE, Brazil, Paraguay Ink Deal on Bi-Oceanic Corridor

Previous Story

UAE, Brazil, Paraguay Ink Deal on Bi-Oceanic Corridor

Next Story

Pakistan on Track for UNSC Seat, Could Influence Anti-Terror Measures

Latest from -Top News

Modi Meets Aussie Deputy PM in Delhi

The two leaders exchanged ideas to further strengthen the India-Australia Comprehensive Strategic Partnership Visiting Australian Deputy Prime Minister and Defence Minister Richard Marles met Prime Minister Narendra Modi in New Delhi on

Missing Indians Rescued in Iran

All three individuals, identified as Jaspal Singh, Hushanpreet Singh, and Amritpal Singh, hail from Punjab and had disappeared shortly after landing in Tehran on May 1….reports Asian Lite News The three Indian

Mujibur Rahman Stripped of Hero Status

The ordinance strips ‘Bangabandhu’ Sheikh Mujibur Rahman, Tajuddin Ahmad, Syed Nazrul Islam, and over 400 former constituent assembly members of their recognised freedom fighter status….reports Asian Lite News Bangladesh’s interim government, led

Rubio Slams China on Tiananmen Anniversary

Rubio pays tribute to Tiananmen dead, slams China’s brutal response….reports Asian Lite News U.S. Secretary of State Marco Rubio condemned China on the 36th anniversary of the Tiananmen Square massacre, honouring the
Go toTop

Don't Miss

Bahrain lauds MBZ’s efforts for Ukraine peace

Bahrain said that the talks held by His Highness Sheikh

‘Walk for People and Planet’

The walk celebrated the success of the Programme for People