Masdar on track to become one of world’s largest renewable energy companies with huge increase in clean energy capacity

Masdar on track to become one of world’s largest renewable energy companies with huge increase in clean energy capacity

- 10 million tonnes of CO2 were displaced in 2022, an 85 percent increase since 2020

- Masdar’s 2022 Sustainability Report highlights the launch of its Green Finance Framework, success of programs championing women and youth

Abu Dhabi, United Arab Emirates: Abu Dhabi Future Energy Company PJSC – Masdar, one of the world’s leading clean energy companies, has announced that it has nearly doubled its clean energy capacity and CO2 displacement in the space of two years, and is on track to fulfill its ambition of becoming one of the world’s largest renewable energy companies by 2030.

Masdar achieved a clean energy capacity of 20 GW in 2022, generated 18,000 GWh of clean energy and displaced 10 million tonnes of CO2. The Sustainability Report, which covers Masdar’s global operations for 2022, also highlights the launch of a Green Finance Framework, as well as the company’s commitment to health and safety, and the achievements for programs involving women and young people.

The Sustainability Report provides clear evidence of the UAE’s commitment to climate action and its credentials as a clean energy champion as it prepares to host COP28 later this year. With significant agreements and projects in the pipeline, Masdar is set to play a