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Masdar and Malaysia Collaborate To Create Renewable Energy Projects with a Capacity of Up to 10GW.

In a historic move shaping the future of Malaysiaโ€™s energy landscape, Abu Dhabi Future Energy Company PJSC, widely known as Masdar, has inked a monumental Memorandum of Understanding (MoU) with the Malaysian Investment Development Authority (MIDA). Under this transformative agreement, Masdar, the UAEโ€™s leading clean energy entity, commits a staggering US$8 billion investment towards developing up to 10 gigawatts (GW) of renewable energy projects. This strategic alliance is poised to significantly bolster Malaysiaโ€™s sustainable energy revolution.The collaboration, celebrated as a pivotal milestone in Malaysiaโ€™s quest for a greener tomorrow, will see MIDA playing a key role in facilitating Masdarโ€™s initiatives.ย The signing ceremony, graced by esteemed dignitaries, witnessed the presence of the Prime Minister of Malaysia, The Honorable Datoโ€™ Seri Anwar Ibrahim, and eminent UAE figures including HE Dr Sultan Al Jaber, UAE Minister of Industry and Advanced Technology, Chairman of Masdar, and COP28 President-Designate. Also in attendance were HE Ahmed bin Ali Al Sayegh, UAE Minister of State, Malaysiaโ€™s Minister of Investment, Trade and Industry (MITI) HE Senator Tengku Datuk Seri Utama Zafrul Aziz, Malaysiaโ€™s Minister of Foreign Affairs HE Datoโ€™ Seri Diraja Dr Zambry Abdul Kadir, and the Ambassador of Malaysia to the UAE, HE Datuk Seri Ahmad Fadil bin Shamsuddin. https://www.power-technology.com/news/masdar-malaysia-renewables-mou-10gw-8bn/

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  • Edwin wangombe

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    38 w

    Awesome.. suchlike partnerships will change the world

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    • George Kariuki

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      38 w

      I am hopeful that the collaboration between Masdar and Malaysia will inspire other countries to follow suit and invest in renewable energy.

      • Majdi Alnajjar

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        38 w

        Masdar is house of innovation ๐Ÿ’ก๐Ÿ’ก๐Ÿ‘๐Ÿป

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        • Ann Nyambura

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          38 w

          Masdar's role in this transformative agreement reaffirms its position as a leader in the renewable energy sector.

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          • Princess

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            39 w

            This is great for the environment and energy supply.

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            • Elizabeth Gathigia

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              39 w

              Great initiative to invest in clean energy โšก

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              • Rukia Ahmed Abdi

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                39 w

                This collaboration between Masdar and Malaysia is an exciting and monumental step towards a more sustainable and climate-friendly future. The commitment of Masdar to invest $8 billion in developing up to 10 gigawatts of renewable energy projects demonstrates a clear dedication to tackling climate change head-on. This initiative has the potential to significantly reduce carbon emissions and drive Malaysia's transition towards a greener and more sustainable energy landscape.

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