Wed 19-01-2022 09:13 AM
ABU DHABI, 19th January, 2022 (WAM) -- A UAE newspaper has commended the move by Masdar to ink a pact with Singapore’s Tuas Power, France’s EDF Renewables, and PT Indonesia Power to explore the development of renewable energy within Indonesia for export to Singapore.
The agreement envisages the development of solar photovoltaic (PV) facilities with a capacity of as much as 1.2 gigawatts (GW), and potential associated storage. Singapore is looking to import as much as 4 GW of low-carbon electricity by 2035, which would constitute 35 percent of its total supply.
"The UAE is eager to collaborate with countries in Asia to help them on their energy transition and to meet climate objectives," said Gulf Today in an editorial on Wednesday.
"Masdar is known for its overarching clean energy focus, and has been leaving its stellar stamp wherever it goes," noted the editorial comment.
Founded by Mubadala, Masdar today is an investor in renewable energy and sustainability projects with a total value of almost US$20 billion, and a combined capacity approaching 13 gigawatts. It is one of the fastest-growing renewables companies in the world, active in more than 30 countries across the globe.
Many of the solutions that Masdar has championed have been ‘world-firsts’ – such as the Hywind project established off the coast of Scotland, the first floating offshore wind farm. Masdar is also involved in some of the biggest renewable energy projects, including the 2 GW Al Dhafra solar plant, set to be the largest single-site solar facility in the world.
Masdar City is home to more than 900 companies from six continents. Over the past decade, Masdar City has piloted technology in areas such as mobility, transportation, construction, renewable energy and sustainable living.
The ongoing Abu Dhabi Sustainability Week bears testimony to its green energy commitment. It is the first global gathering of its kind after COP26.
Masdar is also highlighting the role of the energetic youth, a key pillar in the nation’s growth, in its clean energy drive. The 2022 Youth 4 Sustainability (Y4S) forum is a series of youth-led discussions taking place till January 19th as part of ADSW 2022.
The Sharjah-based daily added, "The Y4S platform is a year-long, youth-led programme dedicated to creating awareness of the skills needed for future jobs in the green economy, and educating up to one million young people in sustainability by 2030 through a blended learning experience."