TotalEnergies, Masdar & EPointZero Partner for Clean Energy in Africa & Asia

TotalEnergies, Masdar, and EPointZero Unite to Expand Clean Energy Access in Africa and Asia

In a significant move towards advancing clean energy adoption, Abu Dhabi Future Energy Company PJSC – Masdar, the UAE’s leading clean energy pioneer, has joined forces with TotalEnergies and EPointZero, the decarbonization arm of 2PointZero, a transformational global investment platform. These three influential entities have signed a Framework for Action (FFA) agreement aimed at driving access to clean energy in emerging markets and developing economies across Africa and Asia.

Strengthening International Collaboration for a Sustainable Future

The agreement comes in the wake of a high-level diplomatic engagement between the UAE and France, following UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan’s official visit to France and his meeting with French President His Excellency Emmanuel Macron. The leaders reaffirmed their commitment to a strong strategic partnership between their nations, with a particular focus on climate action, energy, artificial intelligence, and advanced technology.

With both nations recognizing the urgency of the energy transition and the need for sustainable development, this collaboration will further deepen ties between the UAE and France in the clean energy sector. By leveraging their combined expertise, resources, and networks, Masdar, TotalEnergies, and EPointZero aim to accelerate renewable energy deployment and enhance energy security for millions in Africa and Asia.

Key Objectives of the Agreement

Under the terms of the Framework for Action, the three organizations will pool their expertise to achieve the following objectives:

  • Expanding Clean Energy Access in Africa: Masdar and TotalEnergies will work together to provide reliable and sustainable electricity to local communities in Africa. Their joint efforts will not only support long-term energy system transformation but will also contribute to economic growth and job creation in the region.
  • Developing Renewable Energy Projects in Southeast Asia: Masdar and TotalEnergies will identify and pursue new clean energy opportunities in Southeast Asia, supporting the region’s transition to low-carbon power generation.
  • Supporting India’s Clean Energy Ambitions: TotalEnergies and EPointZero will explore partnership opportunities to advance India’s decarbonization efforts. Their focus areas will include large-scale solar, wind, and energy storage projects, crucial for meeting the country’s growing energy demands sustainably.

Official Signing Ceremony and Stakeholder Participation

The landmark agreement was formalized at the third plenary meeting of the UAE-France High Level Business Council, held in Paris on February 16. The event was attended by key dignitaries and business leaders, including:

  • H.E. Dr. Sultan Al Jaber – UAE Minister of Industry and Advanced Technology, Chairman of Masdar
  • Patrick Pouyanné – Chairman and CEO of TotalEnergies
  • H.E. Mariam Almheiri – Group CEO of 2PointZero

The agreement was officially signed by:

  • Mohamed Jameel Al Ramahi – Chief Executive Officer, Masdar
  • Stéphane Michel – President for Gas, Renewable and Power, TotalEnergies
  • Peter Abraam – Chief Strategy and Growth Officer, IHC

This high-level endorsement underscores the importance of international collaboration in addressing global energy challenges and underscores the strategic vision shared by the participating organizations.

Visionary Statements from Leadership

Masdar’s Commitment to Driving Sustainable Development

Mohamed Jameel Al Ramahi, CEO of Masdar, expressed his enthusiasm about the partnership, stating:

“Enabled by the strength of the UAE-France bilateral relationship, Masdar is proud to be working with TotalEnergies to help deliver clean energy access across Southeast Asia and Africa. This agreement reflects our shared commitment to empowering local communities, driving socio-economic growth and sustainable progress, and advancing the global energy transformation. It is heartening to see the UAE-France Framework for Cooperation in Artificial Intelligence signed last week, and we look forward to continuing to utilize cutting-edge clean energy technologies to drive access and sustainable growth.”

TotalEnergies’ Focus on Renewable Energy Growth

Stéphane Michel, President for Gas, Renewable, and Power of TotalEnergies, emphasized the significance of expanding clean energy solutions in emerging markets:

“By supporting the development of the country’s oil and gas reserves, TotalEnergies has been a key partner of Abu Dhabi for more than 80 years. We are now delighted to extend our partnership with Abu Dhabi to the development of renewable energies in emerging markets in Asia and Africa. Combining the strengths, expertise, and reach of Masdar, EPointZero, and TotalEnergies will certainly enable each partner to accelerate their growth and improve the quality of their investment in those fast-developing markets where renewable energies are key to those countries’ energy transition.”

EPointZero’s Decarbonization Vision

H.E. Mariam Almheiri, Group CEO of 2PointZero, highlighted the role of collaborative partnerships in driving global decarbonization efforts:

“This partnership deepens UAE-France ties and advances our shared commitment to advancing the global energy transition. By combining the expertise of Masdar, TotalEnergies, and EPointZero, we are expanding clean energy access in emerging markets, accelerating decarbonization, and driving economic growth. Our collaboration across India, Africa, and Asia will scale up renewables and energy storage, ensuring reliable, sustainable power for millions. Together, we are building a cleaner, more resilient world.”

The Role of the UAE-France High Level Business Council

The UAE-France High Level Business Council, established in July 2022 during a meeting between President Sheikh Mohamed bin Zayed Al Nahyan and President Emmanuel Macron, plays a pivotal role in fostering economic and technological collaboration between the two nations. The Council serves as a platform for:

  • Promoting Economic Exchange: Facilitating business cooperation and investment opportunities.
  • Providing Strategic Recommendations: Advising government authorities on joint initiatives.
  • Supporting Cross-Border Investments: Identifying and implementing projects in key sectors such as energy, technology, and climate action.

The Council’s first plenary meeting took place in January 2023, and since then, it has served as a key driver for innovation and collaboration between the UAE and France. This partnership aligns with the two nations’ Comprehensive Strategic Energy Partnership, signed in 2022, and the UAE-France Bilateral Climate Investment Platform, launched in 2023.

Scaling Clean Energy Solutions

The FFA agreement between Masdar, TotalEnergies, and EPointZero represents a major milestone in advancing clean energy solutions in Africa and Asia. By focusing on renewable energy deployment, energy storage, and sustainable infrastructure development, this partnership aims to:

  • Enhance energy security and reliability in developing economies.
  • Accelerate the adoption of cutting-edge clean energy technologies.
  • Foster economic growth through sustainable development initiatives.
  • Support global climate goals by reducing carbon emissions.

As the world moves towards a more sustainable energy future, strategic collaborations like this will play a crucial role in ensuring that clean, affordable, and reliable energy reaches communities in need. Through joint investments, knowledge sharing, and technological innovation, Masdar, TotalEnergies, and EPointZero are setting a new precedent for international cooperation in the energy sector.

This initiative not only strengthens the UAE-France alliance but also paves the way for a cleaner, more sustainable world powered by renewable energy.

Source Link

Newsletter Updates

Enter your email address below and subscribe to our newsletter