Masdar continues to strengthen its leading stature in clean energy sector

Masdar continues to strengthen its leading stature in clean energy sector

ABU DHABI: The Abu Dhabi Future Energy Company (Masdar) is continuing to strengthen its leading stature in the clean energy sector and help drive the sector’s development, in line with the directives of the UAE’s leadership to promote clean technology and renewable energy solutions on a large scale, as well as support the global efforts to address climate change, and implement the country's strategic initiative to achieve climate neutrality by 2050. In 2021, Masdar reinforced its position as a pioneer in the clean energy sector through the signing of a strategic agreement between TAQA , Mubadala and the Abu Dhabi National Oil Company (ADNOC), under which each will own a stake in Masdar. The step is aimed at developing a global investment portfolio in renewable energy and green hydrogen, with a current production capacity of over 23 gigawatts of renewable energy, making Masdar one of the largest companies of its kind in the world. The company has also launched commercial projects and activities as part of a long-term strategy aimed at ensuring a sustainable future for generations to come, as well as supporting the UAE's economic and social development goals, in line with the 'Principles of the 50'. Mohamed Jameel