Friday 5 March 2021

Masdar ties up with Chinese engineering group on renewable energy projects

ABU DHABI, January 21, 2021

Masdar, one of the world’s leading renewable energy companies, and China Gezhouba Group International Engineering Company (CGGC INTL), have signed an agreement to explore potential areas of collaboration on renewable energy projects worldwide.
The MoU was signed at a virtual ceremony today (January 21), as part of Abu Dhabi Sustainability Week (ADSW) 2021, taking place virtually in the UAE capital this week. 
ADSW, which has been reimagined as a virtual event for 2021, has featured a series of high-level virtual events, including the ADSW Summit, IRENA Assembly, Abu Dhabi Sustainable Finance Forum, Atlantic Council Global Energy Forum, Youth 4 Sustainability Virtual Forums and the World Future Energy Summit Webinars.
On the new deal, Masdar CEO Mohamed Jameel Al Ramahi said: "CGGC is one of the world’s leading international engineering companies, and is active in many sectors that Masdar is interested in, including renewable energy and urban communities – both of which are key to sustainable development."
"Masdar today is active in more than 30 countries around the world, invested in projects totaling 10.7GW in capacity and $20 billion in value, and we are always interested in exploring potential opportunities with partners," noted Al Ramahi. 
"We look forward to seeing if there are global potential areas of collaboration and concrete projects that could be mutually beneficial for our companies to engage in," he stated.
CGGC INTL Chairman Lyu Zexiang pointed out that Masdar was its key partner. "We share the same green and sustainable development goals. As the world's leading energy construction company, Energy China Gezhouba looks forward to working with our partners to present more and more clean, sustainable landmark projects, contributing to global green development," he added.-TradeArabia News Service


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