Philippines, UAE's Masdar agree $15 billion renewable energy project

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MANILA : United Arab Emirates state energy firm Masdar has signed a $15 billion renewable energy deal with the Philippines to develop solar, wind and battery energy storage systems, providing it with up to 1 gigawatt of clean power by 2030.

FILE PHOTO: Windmill turbines stand in Masdar's wind farm on Sir Bani Yas Island, in Abu Dhabi, United Arab Emirates, September 28, 2023.

The project is planned to be scaled up to 10 GW by 2035, the energy department said.

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Article Details

Category: EconomyBusiness

Markets: SingaporePhilippinesUnited Arab Emirates

Topics: United Experience Masdar Emirates Energy Cent Wind Power Philippines Renewable Arab

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-16 @ 17:34:28 (7 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 315 words

Reading Time: 2 minutes read

Sentences: 12 lines

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Copyright Owner: © Channel News Asia

News ID: 25190589

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