- Masdar and Silk Road Fund (SRF) will co-invest up to USD 2.8 billion in renewable energy projects, focusing on Belt and Road Initiative countries.
- The partnership aims to accelerate the global energy transition, with Masdar targeting 100 GW of renewable capacity by 2030 and SRF strengthening its clean energy portfolio.
- Both companies will combine technical expertise and financial resources to boost green infrastructure investment and address climate challenges in developing regions.
Masdar, the Abu Dhabi Future Energy Company, and China’s Silk Road Fund (SRF) signed an agreement to co-invest up to USD 2.8 billion in renewable energy projects. They signed the deal at COP29, targeting developing countries involved in China’s Belt and Road Initiative (BRI).
Under the agreement, SRF will invest 20 billion RMB (about USD 2.8 billion) into projects developed or operated by Masdar. Masdar plans to expand its reach in emerging markets, especially Africa, Central Asia, and Southeast Asia.
Masdar operates in over 40 countries and targets 100 gigawatts (GW) of renewable energy capacity by 2030. The company focuses on solar, wind, and green hydrogen projects.
The Silk Road Fund, founded in 2014, backs infrastructure projects in BRI regions. Its renewable energy portfolio exceeds 7 GW, covering the Middle East, Africa, and Latin America. This agreement strengthens SRF’s commitment to sustainable development.
Masdar’s CEO, Mohamed Jameel Al Ramahi, described the partnership as a significant step in enhancing global collaboration on renewable energy. He noted that the agreement will help push green energy adoption in developing markets. Zhu Jun, SRF’s Chairwoman, stressed the importance of the partnership within the BRI framework. She called it a catalyst for boosting investment in green infrastructure worldwide.
Masdar aims to produce 1 million tons of green hydrogen annually by 2030. The company has built a strong reputation in clean energy with solar and wind energy projects. Its collaboration with SRF advances Masdar’s drive to lead the global transition to sustainable energy.
The Silk Road Fund’s focus on clean energy aligns with China’s broader Belt and Road Initiative. SRF’s “Green Silk Road” seeks to promote sustainable infrastructure investments and strengthen economic ties in BRI regions.
This partnership will combine Masdar’s technical expertise and SRF’s financial resources. Together, they will accelerate efforts to address global climate challenges. The deal represents another critical step in both companies’ worldwide efforts to promote sustainable development.
The partnership underscores the growing role of international cooperation in tackling climate change. By merging Masdar’s experience in renewable energy and SRF’s financial power, the two companies aim to impact global energy markets significantly. This collaboration will play a vital role in the energy transition, particularly in regions critical to the worldwide shift to cleaner, more sustainable energy.
Renewable energy will play a central role in addressing climate change, and this partnership will provide much-needed investment and expertise to speed up the transition in developing countries. The agreement will substantially benefit BRI nations, helping them meet renewable energy targets and contribute to global sustainability goals.
In conclusion, the Masdar-SRF partnership represents a crucial step in the global push for renewable energy. By focusing on emerging markets, both companies aim to drive the adoption of clean energy technologies and foster sustainable growth in key regions. This deal marks a significant move toward increasing green infrastructure investments to support long-term energy transition goals.