Citaglobal has signed an MOU with Abu Dhabi Future Energy Company PJSC for a joint development of renewable energy projects across solar, battery energy storage system (BESS), wind, and other renewable energy technologies.
The parties will together look to develop projects across the renewable energy mix in the state of Pahang. This includes exploring solar, battery energy storage system (BESS), wind and other renewable energy technologies.
Masdar is an investment vehicle of the Government of Abu Dhabi owned by Mubadala Investment Company, Abu Dhabi National Oil Company Group & Abu Dhabi National Energy Company. Together, they have the mandate to generate sustainable economic benefits for Abu Dhabi through the developments related to renewable energy and green hydrogen in partnership with local, regional and international investors. Masdar is active in more than 40 countries across six continents and has invested in or committed to investing in projects with a combined value of over US$30bil, with a total capacity of over 20 gigawatts (GW), and is able to offset 30 million tonnes of CO2 emissions annually.
The execution of this MOU will enable the Citaglobal Group to improve and strengthen the development of a 2GW Solar Farm (landed and floating) in the state of Pahang, that will cater to the local and export renewable energy markets.
