Meed | Masdar and Etihad plan pumped hydro project

Masdar and Etihad plan pumped hydro project

19 April 2024

Abu Dhabi Future Energy Company (Masdar) and Etihad Water & Electricity (Ethad WE) have signed a memorandum of understanding (MoU) to develop several clean energy projects in the UAE's northern emirates.

The planned projects include a solar photovoltaic (PV) project, a pumped hydro storage project and a potential battery energy storage system facility.

The two companies signed the MoU on 18 April, the final day of the World Future Energy Summit in Abu Dhabi.

"This agreement aims to formalise the intention of the parties to further discuss the potential areas of collaboration and possible projects," Masdar said in a social media post.

Etihad WE is responsible for the procurement and offtake of water and power production services in Umm Al Quwain, Ras Al Khaimah, Ajman and parts of Sharjah.

Masdar and Emirates Global Aluminium (EGA) announced an agreement to work together on aluminium decarbonisation and low-carbon aluminium growth opportunities during the same event.

As part of the agreement, Masdar and EGA will also work together internationally to find opportunities through which Masdar will support EGA to power new aluminium production facilities with renewable energy sources.

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Jennifer Aguinaldo