UAE’s Masdar to work on solar and wind power projects in Tanzania

UAE’s Masdar to work on solar and wind power projects in Tanzania

The Emirati renewable energy firm Masdar signed an agreement today to develop renewable energy projects in Tanzania. 

The deal between Masdar and the Tanzania Electric Supply Company specifies they will work on two energy projects that will ultimately produce 2,000 megawatts of solar and onshore wind power, Masdar said in a press release. 

Why it matters: The United Arab Emirates in investing in a variety of renewable energy and green technology projects as it seeks to diversify its economy and reduce dependence on oil.