Mumtalakat signs MoU with Masdar for renewable energy projects in Bahrain

Mumtalakat signs MoU with Masdar for renewable energy projects in Bahrain

Mumtalakat Holding Company, the sovereign wealth fund of the Kingdom of Bahrain, and Abu Dhabi Future Energy Company (Masdar), one of the world’s leading renewable energy companies, has signed a Memorandum of Understanding (MoU) aimed at exploring collaboration opportunities in the development of clean and renewable energy projects in the Kingdom. Under the MoU, Mumtalakat […]Mumtalakat Holding Company, the sovereign wealth fund of the Kingdom of Bahrain, and Abu Dhabi Future Energy Company (Masdar), one of the world’s leading renewable energy companies, has signed a Memorandum of Understanding (MoU) aimed at exploring collaboration opportunities in the development of clean and renewable energy projects in the Kingdom.

Under the MoU, Mumtalakat and Masdar will collaborate to develop a pipeline of renewable energy projects, supply cost competitive green energy to Bahrain, build local capabilities and foster innovation in Bahrain by utilizing their complementary expertise and know-how. In addition, they will explore co-investment opportunities in other markets of common interest.

HE Shaikh Abdulla bin Khalifa Al KhalifaCEO – Mumtalakat

“We are pleased to embark on this exciting journey with our counterparts at Masdar to explore investment prospects in the clean energy sector, as we believe that environmental preservation and economic growth go hand in hand. We