Emirates Water and Electricity Company (EWEC) and Masdar have entered into a strategic collaboration framework agreement to expedite the advancement of renewable energy projects in the United Arab Emirates (UAE).
The cooperation aims to deploy more than 30GW of solar photovoltaic (PV) capacity and more than 8GW of battery storage, supporting the nation’s clean energy targets.
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The approach will help diversify the UAE’s energy resources, boost the security of supply and stimulate local industrial growth.
The framework also prioritises the maximisation of in-country value and the development of local Emirati talent.
The agreement was formalised by EWEC CEO Ahmed Ali Alshamsi and Masdar CEO Mohamed Jameel Al Ramahi.
This framework will enable Masdar’s engagement in EWEC’s renewable energy projects, from the initial development stage to financial closure, enhancing project efficiency while maintaining procurement transparency.
The collaboration aligns with the Abu Dhabi Department of Energy’s Clean Energy Strategic Target 2035 and the UAE Net Zero by 2050 Strategic Initiative. It aims to facilitate the delivery of quality renewable energy infrastructure.
Ali Alshamsi said: “By streamlining the development of utility-scale solar PV capacity, forecast to exceed 30GW by 2035, and integrating more than 8GW of battery energy storage, we are reshaping the sector while ensuring the long-term security of supply.
“Crucially, this framework reflects our commitment to continuously optimising our processes and procedures to reduce costs and further optimise our operations.”
Through these strategic partnerships, EWEC is striving to transform the water and power industry, forecasting nearly emissions-free water production by 2030 and meeting 60% of Abu Dhabi’s energy demand with renewable sources by 2035.
Last month, Masdar and TotalEnergies entered into a binding agreement to create a $2.2bn joint venture that will combine their onshore renewable energy activities in nine Asian countries under a 50/50 ownership structure.
