Abu Dhabi Future Energy Company (Masdar) has signed a memorandum of understanding (MoU) to develop renewable energy projects across solar, battery energy storage system (BESS), wind and other renewable energy technologies in Malaysia.
The MoU, with Citaglobal Berhad, was signed by Abdulla Zayed, Masdar’s Head of Development and Investment, and Citaglobal’s Executive Chairman and President, Mohamad Norza Zakaria.
With Malaysia targeting net-zero emissions by 2050, the two companies will develop projects across the renewable energy mix in the picturesque state of Pahang.
Mohamed Jameel Al Ramahi, Chief Executive Officer, commented: “Masdar is excited to be partnering with Citaglobal Berhad and to be expanding our presence in the key Southeast Asian market.
“We look forward to pioneering energy solutions to reduce emissions in Malaysia and the region. As the UAE looks ahead to hosting the COP28 later this year, Masdar is proud to be working with partners to advance clean energy solutions around the world.”
Citaglobal’s Zakaria added: “By collaborating with a leading energy transition player, we will make faster progress towards our climate targets, besides building our long-term energy requirements in a responsible and cost-efficient manner.
“The MoU will also facilitate the potential collaboration between Masdar and Citaglobal related to technology solutions and equipment supply outside of Malaysia with a focus on Central Asia.”
Southeast Asia is a key investment destination for Masdar. Abu Dhabi-based green energy company has developed the region’s largest floating solar facility in Indonesia – the 145MW Cirata Floating Solar PV plant – which will generate enough electricity to power 50,000 homes.
The green energy company opened an office in Jakarta in 2021 to further strengthen links with key players within the region.
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