DP World and Masdar, Abu Dhabi’s renewable energy company, have signed a Memorandum of Understanding (MoU), to explore areas of collaboration on clean energy solutions for DP World’s portfolio of ports and freezones in the Middle East and Africa.
According to an official statement, Masdar’s aim is to address challenges related to the delivery of sustainable, reliable and cost effective power generation, with a particular focus on areas that are remote or off-grid. Masdar will provide project management services, from concept to implementation, including community projects to support DP World’s operations.
The first collaborative activity will be to review DP World’s operations at the Port of Berbera in Somaliland, focusing on hybrid solar photovoltaic (PV) – diesel plants, water treatment and other technical advisory services for power generation. The agreement will also look at increasing energy efficiency across the company’s ports and terminals in the region.
DP World Group Chairman and Chief Executive Officer, Sultan Ahmed bin Sulayem, noted that this collaboration is aligned with the UAE’s 2021 vision, as well as the Abu Dhabi Economic Vision 2030, which is focused on developing the UAE into a knowledge-led economy.
“We look forward to this partnership with a world leader in renewable and clean energy that will help reduce our carbon footprint in the region and to develop long term energy solutions for the communities in which we operate”, he said.
Mohamed Jameel Al Ramahi, Chief Executive Officer of Masdar, said: “We are delighted to be working with DP World to explore the potential for commercially viable renewable energy across its operations in the Middle East and Africa.”
