Masdar is planning to expand its wind and solar capacity to 100GW by the end of the decade.
In an interview with the Financial Times, chief executive Mohamed Jameel Al Ramahi said the company will continue to invest significantly in the Middle East, Europe and the US.
Al Ramahi said: “By 2030, the Middle East will probably be 30% to 35% of our power.
“Europe I would say 20%. Also 20% to 25% in the US, and then of course Asia. That is the distribution in terms of geography.”
He added the group was seeking an equal split between solar and wind power projects.
Al Rahami told the newspaper Masdar will invest wherever energy markets are open and welcoming to direct foreign investments.
He revealed: “When I look at my growth and my target, if I want to achieve 100GW, I cannot ignore Europe and I cannot ignore the US.”