Abu Dhabi Future Energy Company (Masdar), the UAE’s clean energy powerhouse, and China’s Silk Road Fund (SRF) have signed a Memorandum of Understanding (MoU) to explore potential co-investment opportunities in renewable energy projects in Belt and Road Initiative (BRI) countries, primarily in the developing world and global south.
Under the MoU, Masdar and Silk Road Fund will establish a strategic partnership to pursue co-investment opportunities in renewable energy projects developed, invested in, or operated by Masdar. Silk Road Fund plans to invest up to $2.8 billion (RMB 20 billion) in projects alongside Masdar.
Masdar has significant investments in the Middle East, Central Asia, Southeast Asia, and Africa, many of which participate in the Belt and Road Initiative. The company will continue to invest in these regions as part of its strategy to reach 100GW renewable energy capacity by 2030.
SRF’s renewable power portfolio totals more than 7GW in Belt and Road regions, including the Middle East, Africa, Southeast Asia, and Latin America. SRF honors its sustainability philosophy by working with top-notch strategic and financial partners to help realize the United Nation’s vision of sustainable development.
Mohamed Jameel Al Ramahi CEO – Masdar
“This collaboration between two companies with significant investments in renewable energy projects in emerging markets and the global south will provide a major impetus to efforts to advance the energy transition. We look forward to a successful and rewarding partnership with Silk Road Fund.”
Silk Road Fund’s Chairwoman, Zhu Jun stated that, “The UAE is a key Belt and Road Initiative participant and one of the most important investment and trading partners for China. The partnership between the Silk Road Fund and Masdar is a strong testament to both parties’ commitment to the development of sustainable energy on a global scale.”
“It will act as an enabler to help further strengthen investment collaboration between the two countries. We look forward to working with Masdar as well as other partners to jointly build ‘the Green Silk Road’ in the decades to come,” the Chairwoman added.
The BRI connects Asia, Europe, Africa, and other parts of the world through a network of infrastructure and trade projects. It serves as a vital link to bolster economic, trade, and investment interactions among the participating countries and regions.
