Masdar’s overarching zest for clean energy – GulfToday

Masdar’s overarching zest for clean energy – GulfToday

The move by Masdar, one of the world’s leading renewable energy companies, to ink a pact with Singapore’s Tuas Power, France’s EDF Renewables, and PT Indonesia Power to explore the development of renewable energy within Indonesia for export to Singapore is praiseworthy, to say the least. The agreement envisages the development of solar photovoltaic (PV) facilities with a capacity of as much as 1.2 gigawatts (GW), and potential associated storage. Singapore is looking to import as much as 4 GW of low-carbon electricity by 2035, which would constitute 35 per cent of its total supply. The UAE is eager to collaborate with countries in Asia to help them on their energy transition and to meet climate objectives. Masdar is known for its overarching clean energy focus, and has been leaving its stellar stamp wherever it goes. Founded by Mubadala, Masdar today is an investor in renewable energy and sustainability projects with a total value of almost $20 billion, and a combined capacity approaching 13 gigawatts. It is one of the fastest-growing renewables companies in the world, active in more than 30 countries across the globe. “Masdar has achieved this success by not losing sight of why we were founded –