Contributed to avoiding the release of 7.5 million tons of carbon dioxide during 2021

40% increase in production capacity of Masdar's clean energy projects

The generation capacity of the Masdar projects increased to 15 gigawatts.

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The Abu Dhabi Future Energy Company (Masdar) has revealed that it has achieved a remarkable 40% increase in the production capacity of its clean energy portfolio in 2021.

The company’s annual sustainability report for the year 2021 showed an increase in the electricity generation capacity of all the projects in which Masdar has invested, whether existing or under development, from 10.7 gigawatts to more than 15 gigawatts in 2021, and these projects collectively contributed to avoiding the launch of about 7.5 million tons of carbon dioxide last year, an increase of 38% over 2020.

Mohamed Jamil Al Ramahi, CEO of Masdar, said that since its establishment in 2006, Masdar has mainly contributed to efforts to mitigate the effects of climate change and reduce carbon emissions, both at the level of the UAE and at the global level.

According to "Masdar", during the year 2021, it was able to enter new markets, including Azerbaijan, Armenia, Georgia, Greece, Iraq and Poland, to spread its investments in the field of renewable energy in more than 40 countries, with a total value exceeding $20 billion.

And last December, the Abu Dhabi National Oil Company (ADNOC), the Abu Dhabi National Energy Company (TAQA), and the Mubadala Investment Company (Mubadala), announced entering into a partnership in which each of them owns a stake in “Masdar”, with the aim of enhancing the company’s capabilities, to reach production capacity Current and exclusive over 23 GW of renewable energy.

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