Masdar, UAE’s green energy producer, plans to double capacity this year

Masdar, the Abu Dhabi-based company which operates projects from the UK to Asia, is targeting boosting global capacity to about 40 gigawatts by the end of the year, Chief Executive Mohamed Jameel Al Ramahi said in an interview. Acquisitions will be a significant part of its strategy of hitting 100 gigawatt by the end of the decade, he said.

“We are at the right trajectory to achieve the 100 gigawatt target that we set ourself by 2030,” Al Ramahi said. “By the end of the year, my expectation is that we will double our capacity.”

Masdar operates solar power plants in the UAE, OPEC’s third-largest oil producer. The company is also one of the biggest clean-energy investors in the UK, including in the London Array offshore wind project. This year it bought wind and geothermal businesses in Europe, Africa, and Asia, giving it stakes in projects valued at about $6 billion and adding about 3.4 gigawatts of capacity

Hydrogen UAE