Abu Dhabi Future Energy Company (Masdar), the UAE’s clean energy leader, TotalEnergies, and EPointZero, the decarbonization arm of 2PointZero, have signed a Framework for Action (FFA) agreement [1] to drive access to clean energy in emerging markets and developing economies in Africa and Asia. The agreement was signed at the third plenary meeting of the UAE-France High-Level Business Council in Paris on February 16.
Under the agreement, Masdar and TotalEnergies will strengthen their cooperation to provide reliable and sustainable electricity to local communities in Africa and support its long-term energy systems transformation. Additionally, they will jointly develop new clean energy opportunities in Southeast Asia. EPointZero and TotalEnergies will explore partnership opportunities to support India’s clean energy ambitions, including through solar, wind, and energy storage, to contribute to the country’s decarbonization efforts.
The signing was witnessed by Dr. Sultan Al Jaber, UAE Minister of Industry and Advanced Technology and Chairman of Masdar, Patrick Pouyanné, Chairman and CEO of TotalEnergies, and Mariam Almheiri, Group CEO of 2PointZero. The FFA brings together these major companies under the Council’s umbrella to work together to expand their capabilities and increase access to clean energy in emerging markets and developing economies in Africa and Asia.
Commenting on the agreement, Mohamed Jameel Al Ramahi, CEO of Masdar, said, “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.”
Stéphane Michel, President for Gas Renewable and Power of TotalEnergies, added, “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
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[1] Masdar, TotalEnergies, and EPointZero Partner to Expand Clean Energy in Africa and Asia