Abu Dhabi Future Energy Company (Masdar) has signed a Memorandum of Understanding (MOU) with the Malaysian Investment Development Authority (MIDA) to invest $8bn in up to 10GW of renewable energy projects.
The strategic partnership will significantly contribute to Malaysia’s sustainable energy transformation.
MIDA will facilitate Masdar to develop the projects by 2035, covering ground mounted, rooftop and floating solar power plants, onshore wind farms and battery energy storage systems.
The MOU was signed by Mohamed Jameel Al Ramahi, CEO of Masdar, and Datuk Wira Arham Abdul Rahman, Chief Executive Officer of MIDA.
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