Abu Dhabi Future Energy Company (Masdar) and Citaglobal Berhad, a Malaysian civil engineering and building construction company, have signed a memorandum of understanding (MoU) for developing renewable energy projects with a capacity of 2 gigawatts across solar, Battery Energy Storage System (BESS), wind and other renewable energy technologies.
The MoU was signed in Malaysia by Mr. Abdulla Zayed, Masdar’s Head of Development and Investment, and Citaglobal’s Executive Chairman and President, Tan Sri (Dr) Mohamad Norza Zakaria.
Masdar and Citaglobal will join forces to develop projects across the renewable energy mix in the picturesque Malaysian state of Pahang. This includes exploring BESS, wind and other renewable energy technologies. Malaysia is targeting net-zero emissions by 2050.
Mohamed Jameel Al Ramahi CEO – Masdar
“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.”
Mr. Zakaria stated that “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. The 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.
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