Masdar and IRENA to collaborate on setting a roadmap to triple global renewable energy capacity by 2030

Masdar and IRENA to collaborate on setting a roadmap to triple global renewable energy capacity by 2030

- Signed on the sidelines of the first-of-its-kind UAE Climate Tech Forum

- Collaboration between IRENA and Masdar will highlight global renewable energy targets for 2030 and outline challenges and recommendations for action ahead of COP28

Abu Dhabi, United Arab Emirates: Abu Dhabi Future Energy Company PJSC – Masdar, one of the world’s leading clean energy companies, has signed an agreement with the International Renewable Energy Agency (IRENA) to cooperate on a major international knowledge project setting out the means to triple global renewable energy capacity by 2030.

During the UAE Climate Tech Forum in Abu Dhabi, Mohamed Jameel Al Ramahi, CEO of Masdar, and Gauri Singh, Deputy Director-General of IRENA, signed a Memorandum of Understanding (MoU) to collaborate on a project for COP28 that will outline global targets for renewable energy by 2030.

The MoU was signed in the presence of HE Dr Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology, Chairman of Masdar, and COP28 President-Designate; and Dr. Nawal Al-Hosany, Permanent Representative of the UAE to the International Renewable Energy Agency (IRENA).

The main objective of the project is to establish a global baseline for renewable energy, with a focus on solar, wind, hydropower, geothermal, and other technologies including battery