Lekela Power currently operates 1GW of wind power projects in South Africa, Egypt and Senegal, and has a 1.8GW project pipeline in different stages of development
The framework will look at accelerating the adoption of distributed photovoltaic systems, and the development of innovative new technologies and business models in emerging markets
The bilateral initiative, which will officially launched during COP28, will focus on low-carbon hydrogen and sustainable fuel production and their respective value chains
The entities will jointly conduct a feasibility study for the region’s first project to produce sustainable aviation fuel using renewable hydrogen and municipal solid waste
The three entities will explore the development of a new accelerator programme focused on AI to encourage more MBZUAI graduates to start successful businesses
The agreements will help develop onshore wind and solar projects, and integrated offshore wind and green hydrogen projects, with a combined capacity of 4 gigawatts
The partnership was announced following the signing of the Energy Security, Climate Action and Industry Accelerator Growth Pact between the UAE and Germany
In addition to the CSEP signed by the two nations, ADNOC and TotalEnergies inked a strategic partnership agreement to explore new opportunities for growth across the energy value chain
ADNOC will hold a 43 per cent controlling stake in Masdar’s new green hydrogen joint venture, Mubadala will retain a 33 per cent interest, and TAQA will hold a 24 per cent stake