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

The production capacity of “Masdar” clean energy projects will increase by 40% in 2021

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% from 2020.

climate change

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.

Al Ramahi affirmed Masdar’s commitment to providing a business model that is emulated, which is embodied in the company’s achievements, and its keenness to promote positive dialogue on the importance of sustainability.

Sustainability Report

The report, which covers Masdar's operations in the UAE and abroad, was prepared in accordance with the standards of the Global Reporting Initiative.

It also reveals the results achieved by "Masdar" during the year 2021 in light of the spread of the (Covid-19) pandemic, in addition to studying the key performance indicators in the areas of sustainable finance, innovation, environmental and social contributions, human resources, and governance.

new markets

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.

Last December, three of the largest national companies in the UAE energy sector, namely: the Abu Dhabi National Oil Company (ADNOC), the Abu Dhabi National Energy Company (TAQA), and the Mubadala Investment Company (Mubadala), announced that they had entered into a partnership in which each of them would own a stake in Masdar Company, with the aim of enhancing the company’s capabilities, bringing the current and exclusive production capacity to more than 23 gigawatts of renewable energy, while the total production capacity of the company is expected to reach more than 100 gigawatts.

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