Masdar, RWE Renewables signs MOU for key global offshore wind markets

Masdar, RWE Renewables signs MOU for key global offshore wind markets

Abu Dhabi Future Energy Company (Masdar) and Germany’s RWE Renewables, two of the world’s leading renewable energy companies, announced today the signing of an Memorandum of Understanding (MoU) to explore collaboration on developing offshore wind projects in a range of key markets.

Under the terms of the MoU, Masdar and RWE Renewables will explore the development of offshore wind projects in a number of countries and explore further project opportunities that are identified by both parties.

Mohamed Jameel Al Ramahi, Chief Executive Officer of Masdar, said, “This agreement will strengthen our existing relationship with RWE, who have been a long-standing partner with us on the London Array offshore wind farm, one of the largest in the world, while also representing an opportunity to expand our capabilities in offshore wind, a market which we see as having key strategic importance. By leveraging our two companies’ extensive expertise in this sector, we can help other nations to meet their offshore wind targets, transition to clean energy sources, and meet their net-zero objectives.”

Markus Krebber, CEO of RWE AG, said, “The acceleration of the energy transition remains key to tackling both the current energy crisis and the climate crisis. This is what we are doing at