FIRST conceptualised by the CIMB Group and its sustainability partner Impacto as the founding sponsors, the CEO Action Network (CAN) is a coalition of business leaders with a purpose and is governed by an appointed steering committee and its chair.
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Masdar, Petronas in key Asia renewable energy collaboration
ABU DHABI, March 11, 2021 Abu Dhabi s renewable energy company Masdar said it has signed a MoU with Petronas, a global energy and solutions company, to explore renewable energy opportunities in key markets across Asia and beyond. A subsidiary of Mubadala Investment Company, Masdar said as per the deal, the duo will focus on utility-scale renewable energy developments, including ground-mounted and floating solar projects, as well as offshore wind projects in Asia, and potentially other regions and other technologies. Apart from Malaysia, the companies are also interested in countries in the region that have pledged to accelerate the development of renewable energy, including Vietnam and Taiwan.
Masdar to pursue large-scale PV projects in Asia through deal with Petronas
Image: Masdar.
Masdar has signed an agreement with Malaysian state-owned energy firm Petronas to explore the development of large-scale solar projects in Asia and the Middle East.
A new memorandum of understanding will see the two companies work together to participate in solar and wind opportunities for utilities as well as commercial and industrial customers, with a primary focus on the Asian market.
The partnership will also explore opportunities for the joint production of green hydrogen. Petronas said it is pursuing commercial production of green hydrogen “in the near future”.