EDF and the Abu Dhabi Future Energy Company (Masdar) have launched an energy services joint venture (JV) targeting small-scale renewables and energy efficiency investments. The JV will be led by Masdar, a subsidiary of Abu Dhabi-based Mubadala Development Company, which is also investing in renewable energy. Masdar CEO Mohamed Jameel Al Ramahi said the JV would support the UAE's Energy Strategy 2050 targets.
EDF and the Abu Dhabi Future Energy Company (Masdar) have launched an energy services joint venture (JV) targeting small-scale renewables and energy efficiency investments. It will aim to build sub-50 MW solar projects, waste heat recovery and energy efficiency projects across the Middle East and territories already served by the companies. Masdar CEO Mohamed Jameel Al Ramahi said the JV would support the UAE's Energy Strategy 2050 targets.