Home » Emirates News Agency – Memorandum of Understanding between Masdar and RWE

Emirates News Agency – Memorandum of Understanding between Masdar and RWE

by archyde

ABU DHABI, 26th September / WAM/ The Abu Dhabi Future Energy Company “Masdar” and German company RWE Renewables, two world leaders in the field of renewable energy, announced today the signing of a Memorandum of Understanding (MoU) aimed at exploring cooperation opportunities to develop offshore wind power plants in a number of countries. of the main markets.

Under the memorandum of understanding, “Masdar” and “RWE” will explore opportunities to develop offshore wind energy projects in a number of countries, and explore more opportunities to develop other projects, the nature of which will be determined by the two parties.

Mohamed Jamil Al Ramahi, CEO of Masdar, said: “The MoU will cement our longstanding relationship with RWE, which has previously collaborated on the London Array offshore wind project, one of the largest of its kind in the world. The memorandum also represents an opportunity to enhance our capabilities in the offshore wind energy sector, which is a market of strategic importance.”

“With our combined efforts and extensive experience in this field, we will be able to help other countries achieve their goals related to offshore wind energy production, shift towards clean energy sources, and achieve climate-neutral goals,” he added.

For his part, Markus Kreiber, CEO of RWE Renewables, stressed that accelerating the transformation process in the energy sector is essential to confront the energy crisis and the problem of climate change, and this is what RWE Renewables is doing through its huge investments in energy resources. Renewable energy, either alone or in cooperation with its partners.

Kreber noted that Masdar is a trusted partner of RWE Renewables, where the two parties have collaborated for years on the “London Array” offshore wind project.

We are pleased to collaborate again with Masdar to explore the possibility of expanding our partnership in the field of offshore wind projects to include the development of more projects.

Masdar and RWE both own stakes in the London Array project, which became operational in 2012. This wind farm has a production capacity of 630 megawatts, providing power to more than half a million homes and avoiding the launch of nearly a million tons of carbon dioxide annually.

Many countries, such as the United Kingdom, the United States of America, and the Republic of Korea, are targeting ambitious goals in the field of renewable energy. The United Kingdom, which already has the largest installed capacity for offshore wind energy in the world, aims to produce 50 gigawatts by 2030 as part of its energy security strategy.

The United States is seeking to deploy 30 GW offshore wind energy projects by 2030, as part of President Joe Biden’s “Green New Deal” plan, which aims to halve net greenhouse gas emissions by that date, and reach net zero emissions. by 2030.

The Republic of Korea, in turn, is looking to have up to 20 GW of offshore wind capacity by the end of this decade, as it seeks to reduce its dependence on imported fossil fuels and achieve carbon neutrality by 2050.

Masdar is one of the fastest growing renewable energy companies in the world, and it seeks to increase its projects in the field of offshore wind energy, and the company aims to reach the total capacity of its projects to 100 gigawatts by 2030.

In addition to the London Array, Masdar’s portfolio of offshore wind projects in the UK includes the Dudgeon offshore wind farm and Hywind Scotland, the world’s first commercial-scale floating offshore wind farm that has become operational. In October of 2017.

RWE Renewables is one of the world’s leading companies in the field of renewable energy, and through its investment and development plans, with a total value of 50 billion euros, it seeks to expand its portfolio of green projects to reach a total capacity of 50 GW by 2030. The company has offshore and onshore wind projects, photovoltaic power plants, and battery storage facilities.

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