- These Masdar projects contribute to reducing carbon emissions by 30 million tonnes annually.
- The company has set a target to produce one million tonnes of green hydrogen annually by 2020.
The Abu Dhabi Future Energy Company, Masdar, announced that it has doubled its renewable energy capacity by 200 times with the launch of the 2,000 megawatt (MW) Al Dhafra Solar PV Plant. According to the Chief Executive Officer of Masdar, Mohamed Jameel Al Ramahi, this is part of the UAE’s strategic plans to ensure energy security, diversify its energy sources, and achieve carbon neutrality by 2050. Al Ramahi said this during the ongoing United Nations Climate Change Conference (COP28) in Dubai.
He highlighted Masdar’s ambitious goals to expand its renewable energy portfolio by boosting its total production capacity to exceed its 100GW target by 2030 and double that going forward. The company has also set a target to produce one million tonnes of green hydrogen annually by 2030. He stated that the company started its ambitious journey in 2009 by launching a 10MW solar power plant in Masdar City. This was followed by the 100MW Shams renewable energy project launch in 2013, the first concentrated solar power plant in the Middle East and North Africa (MENA) region.
The Masdar CEO said that over 17 years, Masdar’s projects have expanded, reaching various parts of the world. The company’s project portfolio produces over 20 gigawatts (GW) in 40 countries across six continents, valued at over Dhs110 billion. He explained that these projects contribute to reducing carbon emissions by 30 million tonnes annually, equivalent to powering 5.25 million homes or taking 6.5 million cars off the roads.