The Abu Dhabi Future Energy Company, Masdar, announced its entry into the geothermal energy sector through a strategic investment in Pertamina Geothermal Energy. One of the largest geothermal companies in the world. This investment marks Masdar’s entry into the geothermal energy sector.
This is within the second largest market for geothermal energy in the world. His Excellency Dr. Sultan Al Jaber, Minister of Industry and Advanced Technology, Chairman of the Board of Directors of Masdar, said:
In line with the leadership’s vision of applying the principles of sustainable development, diversifying the energy mix and supporting effective climate action, Masdar’s investment in Pertamina Geothermal Energy embodies its commitment to supporting Indonesia’s efforts in the field of clean energy, and providing practical solutions that enhance energy security while simultaneously reducing emissions. We are pleased that this step coincides with the UAE’s preparations to host the COP28 Conference of the Parties later this year.
He added: Achieving the goal of avoiding the planet’s temperature exceeding 1.5 degrees Celsius, according to the Paris Agreement, requires taking advantage of all low-carbon energy sources, including currently untapped sources such as geothermal energy. This step confirms Masdar’s commitment to promoting clean energy projects that contribute to enhancing energy security and achieving a realistic, logical, gradual and just transition in the sector.
Cooperation
For his part, Ahmed Yunyarto, CEO of Pertamina Geothermal Energy, said: We look forward to cooperating with Masdar in areas that contribute to supporting and developing our capabilities to enhance the company’s global position in the green energy sector and expand our portfolio of geothermal projects to be the largest of its kind. world level.
We seek to develop projects with an additional capacity of 600 MW. Mohammed Al Ramahi, CEO of Masdar, said: “Our strategic investment in Pertamina Geothermal Energy is another important step that will enhance our strong presence in Indonesia, which is the second largest market for geothermal energy in the world.
