"source" and"R.W.E" They sign an agreement to support the development of the energy system in Germany and Europe
ABU DHABI, 6 February / WAM / Abu Dhabi Future Energy Company, Masdar, signed a memorandum of understanding with RWI, in a step aimed at enhancing reliance on renewable energy sources and developing the energy system in Germany and throughout Europe.
The memorandum was exchanged by His Excellency Dr. Sultan Ahmed Al Jaber, Minister of Industry and Advanced Technology, Chairman of the Board of Directors of “Masdar”; Dr. Markus Kreber, CEO of RWA, during a state visit by the German Chancellor to the Emirates.
Under the memorandum of understanding between Masdar and RWE, the two companies will continue to invest and explore opportunities in the field of energy storage battery systems in Germany. For its part, Masdar will explore investment opportunities in existing projects owned by RWE in the field of energy storage systems in Germany, with the goal of reaching a capacity of 1 GW by 2030. On the other hand, Masdar and RWE will explore opportunities for cooperation in developing battery systems for energy storage with a capacity of up to 1 GW by 2035. Energy storage systems would contribute to expanding reliance on renewable energy by addressing the problem of supply instability, ensuring stable, secure and affordable electricity supplies in Germany, and contributing to meeting the growing demand from new data centers for reliable energy sources.
Mohammed Jameel Al Ramahi, CEO of Masdar, said: “Energy storage battery systems are an essential element in expanding reliance on renewable energy sources and ensuring the provision of clean, reliable and affordable electricity to consumers, businesses and communities. Germany is an important market that supports Masdar’s endeavors to raise the production capacity of its global project portfolio to 100 by 2030. We look forward to strengthening our partnership with RWE and contributing to creating a qualitative shift in the energy sector in Germany and throughout Europe.”
For his part, Dr. Markus Kreber, CEO of RWE, said: “The memorandum of understanding with Masdar reflects our shared interest in developing flexible energy storage systems as a fundamental pillar for achieving grid stability, ensuring energy supply, and enhancing reliance on renewable energy, which together constitute essential pillars for achieving carbon neutrality and energy goals in Germany. Through this constructive partnership, we have been able to achieve many important achievements, including our recent success in obtaining CFDs for the Dogger Bank South project.” For offshore wind energy in the United Kingdom, we will continue our joint efforts to build a safe and sustainable energy system in Europe.”
It is noteworthy that the long-term partnership between “RWE” and “Masdar” began in 2008, through their joint investment in the “London Array” for offshore wind energy. Last month, the two companies were awarded CFDs for the Dogger Bank South offshore wind project in the UK, the UK government’s main mechanism to support the development of large-scale, low-carbon electricity projects. The Dogger Bank South project includes two stations with a capacity of 1.5 gigawatts each, the eastern array and the western array. The investment value in the two stations amounts to 11 billion pounds sterling, making it one of the largest offshore wind energy projects in the United Kingdom under development.
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