Masdar, the UAE’s leading clean energy entity, and Citaglobal Berhad have officially signed a memorandum of understanding (MoU) to collaborate on renewable energy projects encompassing solar, battery energy storage systems (BESS), wind, and other green technologies.
Together, Masdar and Citaglobal will undertake the development of diverse renewable energy projects in the scenic Malaysian state of Pahang. This partnership will explore the potential of solar, BESS, wind, and other renewable energy technologies to contribute to Malaysia’s ambitious goal of achieving net-zero emissions by 2050.
Mohamed Jameel Al Ramahi, Masdar’s Chief Executive Officer, said, “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 UN climate change conference, COP28, later this year, Masdar is proud to be working with partners to advance clean energy solutions around the world.”
Citaglobal Berhad Executive Chairman and President, Tan Sri (Dr) Mohamad Norza Zakaria, commented, “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 holds significant importance as an investment destination for Masdar. Demonstrating its commitment, the company has already established the region’s largest floating solar facility in Indonesia, known as the 145MW Cirata Floating Solar PV plant. This remarkable project is set to generate enough electricity to power approximately 50,000 homes. Earlier, Masdar made a strategic move into the geothermal energy sector by investing in Indonesia’s Pertamina Geothermal Energy.
Since its establishment in 2006, Masdar has been actively involved in over 40 countries, boasting an impressive total electricity generation capacity exceeding 20GW. The company has shown a strong commitment to investing in projects worldwide, with a combined value exceeding US$30 billion. Emphasising its ambitious growth plans, Masdar aims to reach an impressive 100GW of capacity and produce 1 million tonnes of green hydrogen by the year 2030.