Abu Dhabi Future Energy Company – Masdar, the UAE’s clean energy powerhouse, and Citaglobal Berhad, have tied up for the joint development of 2GW renewable energy projects in Malaysia. The developments span solar, battery energy storage system (BESS), wind, and other renewable energy technologies.
A Memorandum of Understanding (MoU) was signed in Malaysia by 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 solar, battery energy storage system (BESS), wind, and other renewable energy technologies. Malaysia is targeting net-zero emissions by 2050.
The signing ceremony was witnessed by the Minister of Investment, Trade and Industry Malaysia (MITI), Yang Berhormat Mulia Datuk Seri Utama Tengku Zafrul Aziz, and the UAE Ambassador to Malaysia, Khalid Ghanim Mohammed Alghaith.
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.