Masdar Signs Agreement for Offshore Wind Projects

Masdar, the leading UAE clean energy company, and Germany’s RWE Renewables have signed a preliminary agreement to collaborate and explore the development of offshore wind projects across the world.

Previously, the UAE and Germany leaders signed a new Energy Security and Industry Accelerator Agreement (ESIA), which is aimed at accelerating joint efforts to boost energy security, decarbonisation and combat climate change.

As part of the ESIA, Masdar will actively explore offshore wind opportunities in Germany’s North and Upper Baltic Sea, with plans for up to 10 gigawatts of renewable energy production capacity by 2030.

By leveraging our two companies’ extensive expertise in this sector, we can help other nations to meet their offshore wind targets, transition to clean energy sources, and meet their net-zero objectives,

said Mohamed Al Ramahi, chief executive of Masdar.