EWEC has entered into a Collaboration Framework Agreement with Abu Dhabi Future Energy Company PJSC – Masdar to accelerate utility-scale renewable energy projects in the UAE.
The agreement will streamline Masdar’s participation in EWEC’s renewable energy project engagement process from early-stage development to financial close, EWEC said.
The framework will improve efficiency while preserving the transparency and independence of EWEC’s competitive procurement processes, Masdar added.
The deal builds on existing collaboration between EWEC and Masdar on projects including Al Dhafra Solar PV, Al Ajban Solar PV, Khazna Solar PV, and a gigascale round-the-clock solar and battery storage project.
The agreement aims to support diversification of the UAE’s energy mix, strengthen security of supply, and power local industrial growth while maximising in-country value.
“As the driving force behind the UAE’s energy transition, EWEC is at the forefront of a global shift towards sustainable, utility-scale power and water production,” said Ahmed Ali Alshamsi, chief executive officer of EWEC.
“This Collaboration Framework Agreement with Masdar is a pivotal strategic tool that empowers us to accelerate this transformation and meet 60 per cent of Abu Dhabi’s total energy demand from renewable and clean sources by 2035.”
“This agreement strengthens our long-standing collaboration with EWEC and builds on our track record in advancing the UAE’s energy transformation,” said Mohamed Jameel Al Ramahi, chief executive officer of Masdar.
“Together, we are accelerating world-leading solutions, such as our gigascale Round-the-Clock solar project, while helping to diversify the UAE’s energy mix, strengthen national energy security, and provide local UAE industry with reliable, affordable, clean power.”
The framework supports delivery of renewable energy infrastructure aligned with the Abu Dhabi Department of Energy’s Clean Energy Strategic Target 2035 and the UAE Net Zero by 2050 Strategic Initiative.
EWEC aims to enable nearly emissions-free water production by 2030 and meet 60 per cent of Abu Dhabi’s energy demand from renewable and clean sources by 2035.