EWEC and Masdar Forge Agreement to Accelerate Renewable Energy Deployment

Strategic Agreement to Enhance Renewable Energy Infrastructure

Emirates Water and Electricity Company (EWEC) has formalized a strategic Collaboration Framework Agreement (CFA) with Abu Dhabi Future Energy Company PJSC – Masdar, a recognized leader in global clean energy. The agreement sets forth a comprehensive roadmap aimed at accelerating the deployment of utility-scale renewable energy projects across the United Arab Emirates, thereby diversifying the nation’s energy mix and reinforcing energy security.

The CFA was signed by Ahmed Ali Alshamsi, CEO of EWEC, and Mohamed Jameel Al Ramahi, CEO of Masdar. This collaboration is designed to streamline Masdar’s involvement in EWEC’s renewable energy initiatives, covering all aspects from early-stage project development to financial closure. The partnership builds upon a successful history, including notable projects like Al Dhafra Solar PV and the gigascale solar and battery storage project.

Commitment to Sustainable Energy Goals

In a statement, Ahmed Ali Alshamsi emphasized EWEC’s role in the UAE’s energy transition, noting that the CFA is a strategic tool to accelerate this transformation. The goal is to meet 60 percent of Abu Dhabi’s energy demand from renewable sources by 2035. The agreement aims to enhance the development of utility-scale solar photovoltaic capacity, projected to exceed 30GW by 2035, while integrating over 8GW of battery energy storage.

Al Ramahi echoed this sentiment, highlighting the agreement as a means to strengthen the long-standing partnership with EWEC. He pointed out that the collaboration will support the diversification of the UAE’s energy mix and bolster national energy security. Together, the two entities aim to provide local industries with reliable and affordable clean power.

Alignment with National Energy Strategies

This agreement is aligned with the Abu Dhabi Department of Energy’s Clean Energy Strategic Target 2035 and the UAE Net Zero by 2050 Strategic Initiative. Renewable and clean energy are pivotal to Abu Dhabi’s long-term energy strategy, with EWEC executing a detailed plan to transform the water and power sectors. The aim is to achieve nearly emissions-free water production by 2030 and ensure that 60 percent of Abu Dhabi’s energy demand is met through renewable and clean sources by 2035.

Through strategic partnerships and robust planning, EWEC is committed to executing this comprehensive roadmap, which is expected to reshape the energy landscape in the UAE and secure a sustainable future for the nation.

Frequently Asked Questions

What is the purpose of the EWEC and Masdar agreement?

The agreement aims to accelerate the deployment of renewable energy projects and diversify the UAE’s energy mix.

How much of Abu Dhabi’s energy demand is targeted to be met by renewable sources by 2035?

The goal is to meet 60 percent of Abu Dhabi’s energy demand from renewable sources by 2035.

What are some projects that EWEC and Masdar have collaborated on?

They have worked together on projects like Al Dhafra Solar PV and the gigascale solar and battery storage project.

What is the UAE’s target for net-zero emissions?

The UAE aims for net-zero emissions by 2050.