Friday 22 November 2024
 
»
 
»
Story

Officials after signing the agreement

Masdar, Bapco Energies to develop 2GW wind power in Bahrain

ABU DHABI, May 1, 2024

Abu Dhabi Future Energy Company – Masdar has signed a deal with Bapco Energies of Bahrain to jointly explore the development and investment in wind projects in the kingdom with a capacity of up to 2 gigawatts (GW). 
 
Marking a strategic entry into the Bahrain market for the UAE’s clean energy champion, the agreement for near-shore and offshore wind farms is Masdar’s first project of its kind in the region. 
 
At up to 2GW, this clean energy collaboration will support Bahrain to accelerate the decarbonisation of critical industrial sectors and open avenues to develop new markets. Bahrain aims to reduce emissions by 30% by 2035 and achieve net-zero emissions by 2060, as outlined in its National Energy Strategy.
 
Track record
Masdar Chief Executive Officer, Mohamed Jameel Al Ramahi, said: “As a global clean energy pioneer, Masdar will utilise its well-established expertise and track record in delivering wind energy projects globally, both onshore and offshore. It is a privilege to be supporting Bahrain to achieve its net zero ambitions and power a more sustainable future.”
 
Bapco Energies Group Chief Executive Officer, Mark Thomas, said: “Today marks a significant milestone in Bapco Energies’ pathway towards sustainable energy development. Our partnership with Masdar demonstrates our commitment towards diversifying Bahrain’s energy mix to include cleaner energy sources, underscoring our role as leaders in renewable energy development. This strategic collaboration signifies a bold step towards realising the ambitions outlined in Bahrain’s National Energy Strategy, propelling us closer to our net-zero goals. Together, we will pave the way for a more sustainable and resilient future for generations to come.”
 
Masdar has developed a number of landmark wind projects across the world, including the 400MW Dumat Al Jandal wind farm, the largest in the Middle East and the first in Saudi Arabia, the 630MW London Array offshore wind project in the UK which powers half a million British homes and the 103.5MW UAE Wind Programme, which utilises innovative technology to capture low wind speeds at utility scale.
 
Masdar is aiming for a renewable energy portfolio capacity of 100GW by 2030, as well as supporting the target set out in The UAE Consensus to triple global renewables capacity by the end of this decade, and aims to be a leading producer of green hydrogen by the same year.--TradeArabia News Service
 



Tags:

More Energy, Oil & Gas Stories

calendarCalendar of Events

Ads