UAE Press: Masdar’s overarching zest for clean energy

UAE Press: Masdar’s overarching zest for clean energy

ABU DHABI, 19th January, 2022 (WAM) -- A UAE newspaper has commended the move by Masdar 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.

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 percent 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," said Gulf Today in an editorial on Wednesday.

"Masdar is known for its overarching clean energy focus, and has been leaving its stellar stamp wherever it goes," noted the editorial comment.

Founded by Mubadala, Masdar today is an investor in renewable energy and sustainability projects with a total value of almost US$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.

Many of the solutions that Masdar has championed have