Abu Dhabi Future Energy Company (Masdar) has signed an deal in order to advance the development of up to 10 gigawatts (GW) of clean energy projects in Malaysia.
The company said that the projects will include ground-mounted, rooftop, and floating solar power plants, onshore wind farms, and battery energy storage systems.
The company further noted that “it had signed an “implementation roadmap” with the Malaysian Investment Development Authority (MIDA) to develop projects including solar power plants, wind farms, and battery energy storage systems.”
“The signing of this implementation roadmap represents an important progression in the partnership between the UAE and Malaysia in the development of renewable energy projects,” commented Mr. Sultan Al Jaber, chairman of Masdar and president of COP28.
The 2023 United Nations Climate Change Conference or Conference of the Parties of the UNFCCC, more commonly referred to as COP28, is the 28th United Nations Climate Change Conference, being held from 30 November until 12 December 2023 at Expo City, Dubai.
The COP conferences are intended for governments to agree on policies to limit global temperature rises and adapt to impacts associated with climate change. COP28 UAE brings the world together at a critical moment for global transformative climate action.
According to the statement, “Trade and investment relations between the UAE and Malaysia are strengthening in line with the Gulf state’s strategy to diversify its economy away from oil and gas. The two nations are in the process of negotiating a bilateral free trade agreement.”
