Masdar Expands to Malaysia with 2GW Clean Energy Push
- Masdar and Citaglobal Bhd collaborate to potentially develop 2 GW of clean energy in the Malaysian state of Pahang. This agreement is part of a larger move by the UAE government to reach net-zero emissions by 2050 and bring new energy solutions to the region.
Masdar, the Abu Dhabi Future Energy Company, and Malaysia's Citaglobal Bhd have signed a memorandum of understanding to potentially develop 2 GW of clean energy in Malaysia. The projects would span a range of renewable energy technologies including solar, battery energy storage system (BESS), and wind, with the focus on the Malaysian state of Pahang. The agreed collaboration is part of a larger move by the UAE government to expand its presence in Southeast Asia in order to help reach their goal of achieving net-zero emissions by 2050. The agreement was signed by Masdar’s head of development and investment Abdulla Zayed and Citaglobal’s executive chairman and president Mohamad Norza Zakaria in the presence of the Minister of Investment, Trade and Industry Malaysia and the UAE Ambassador to Malaysia. The partnership is expected to bring a host of new energy solutions to the region.
What Potential Solutions Will Masdar & Citaglobal's Partnership Bring to Pahang?
Potential solutions that Masdar and Citaglobal's partnership will bring to Pahang:
- Increased utilization of renewable energy technologies such as solar, battery energy storage system (BESS), and wind.
- Improved energy efficiency and reductions in energy costs.
- A more reliable and resilient electricity grid.
- Improved public health as renewable energy projects reduce air pollution.
- Lower greenhouse gas emissions through the use of clean energy sources.
- Creation of new jobs in the energy sector and an economic boost to the region.
- Increased access to energy solutions in rural areas.
