As Abu Dhabi Clean Energy Corporation expands its product portfolio globally, Masdar signed an agreement to develop Georgia's largest utility-scale solar power plant. The new project has a capacity of 100 MW and will be jointly developed with the Georgia Energy Development Fund.

"As a global leader in the field of renewable energy, with projects in nearly 40 countries/regions, we look forward to working with the Georgia Energy Development Fund and the Georgian government to find more renewable energy opportunities and will use our experience to support the country Economic development," Masdar CEO Mohamed AlRamahi said. GEDF CEO George Chikovani said: “The development of similar projects will strengthen Georgia’s energy security, promote energy diversification, and increase the share of renewable energy in the power generation structure.” Masdar is rapidly expanding in Central Asia, with its presence in Azerbaijan. , Armenia, Kazakhstan and Uzbekistan’s projects aim to meet the growing demand for clean energy in the region’s energy transition efforts.

Earlier in 2021, it announced the 100 MW Nur Navoi solar power plant in Uzbekistan. It also won the bid to develop a 200 MW project in Armenia. The latest agreement was signed at the Dubai World Expo attended by Dr. Thani Al Zeyoudi, Minister of State for Foreign Trade of the UAE and Natela Turnava, Minister of Economy and Sustainable Development of Georgia. Masdar said it forms "part of a larger framework agreement signed with GEDF this year to develop renewable energy projects in Eurasian countries." Keywords: engineering construction, engineering news

In December, Abu Dhabi National Petroleum Corporation and Taka joined Mubadala Investment Company and became Masdar shareholders. After the transaction is completed, Taqa will hold a 43% stake in Masdar’s renewable energy business, Mubadala will hold a 33% stake, and Adnoc will hold a 24% stake. Masdar signed an agreement with the Iraqi Ministry of Electricity and the State Investment Commission in October to launch the first phase of the solar project, which will promote the country’s goal of 20-25% of its energy from renewable sources, which is equivalent In 2030, 10-12 GW. Fawaz Al Muharrami, Acting Executive Director of Masdar Clean Energy, told the company that the company has also submitted bids for the development of new projects in Saudi Arabia, South Africa, Israel and Malaysia.Editor/XingWentao