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Agong, UAE president witness roadmap signing of Malaysia clean energy projects

Agong, UAE president witness roadmap signing of Malaysia clean energy projects

02 Dec 2023

Yang di-Pertuan Agong Al-Sultan Abdullah Ri’ayatuddin Al-Mustafa Billah Shah and United Arab Emirates (UAE) President Sheikh Mohamed bin Zayed Al Nahyan witnessed the signing of an implementation roadmap to advance the development of 10GW of clean energy projects in Malaysia.

The roadmap, signed between Abu Dhabi Future Energy Company PJSC (Masdar) and the Malaysian Investment Development Authority (Mida), includes plans to develop ground-mounted, rooftop and floating solar power plants, onshore wind farms and battery energy storage systems, following the signing of a memorandum of understanding in October.

The agreement, signed by Masdar chief executive officer Mohamed Jameel Al Ramahi and Mida chief executive officer Datuk Wira Arham Abdul Rahman, paved way for five additional agreements to develop new solar and wind energy projects in Malaysia, the Emirates News Agency (WAM) reported.

Together, these five deals will unlock up to 8GW of clean energy across Malaysia.

The deals are a Joint Development Agreement for 2GW of solar plants with Citaglobal Berhad Tiza Global in Malaysia, a Collaboration Agreement with Tadau Energy and PSK to develop 2GW of wind power in Malaysia, and a Strategic Memorandum of Understanding with Cypark Resources Berhad for up to 1GW of renewable energy projects in Malaysia.

The other two deals reached were on the Heads of Agreement with Malakoff to develop solar photovoltaic power projects with a targeted aggregate capacity of up to 1GW and a Memorandum of Understanding with Citaglobal Berhad and TNB Renewables to develop 2GW of renewable energy projects.

These agreements, signed at the 28th Conference of the Parties of the United Nations Framework Convention on Climate Change (COP28), currently ongoing in Dubai, demonstrate Masdar’s ongoing commitment to Malaysia and to supporting the country’s ambitious target of 70 per cent renewable energy installed capacity and net-zero emissions by 2050.

Source: Bernama