ECI collaborates with Masdar to increase UAE’s renewable energy infrastructure development

  • Date: 21-Jan-2021
  • Source: Zawya
  • Sector:Oil & Gas
  • Country:UAE
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ECI collaborates with Masdar to increase UAE’s renewable energy infrastructure development

Underscoring the importance of this collaboration in achieving a sustainable economy, Falcioni said: “ECI is immensely honoured to have undertaken this partnership with Masdar, as it will strengthen the position of the UAE as a global leader in addressing global warming. It is our common goal to help the UAE become a paradigm of sustainability, and rest assured we will strive to build a brighter, greener future together. Through this undertaking, ECI hopes to show support for the leaders' vision of helping reduce the carbon emission.”“While financing the energy transition will be a monumental undertaking, there is actually no shortage of capital to finance renewable energy projects in the majority of countries as clean energy solutions have a well-understood risk profile,” Al Ramahi said. “However, access to capital can be much harder for some developing nations, hence the need to provide more tailored solutions at the project development stage and make it easier for them to achieve their clean energy objectives. We look forward to working more closely with ECI on building the right tools to facilitate such projects, further enhancing the position of the UAE as a global leader in sustainability.”Under this MoU, ECI and Masdar will explore establishing