This 25-year partnership will enable TotalEnergies to develop the solar energy project with approximately 4,200 photovoltaic (PV) panels, capable of producing 4.2 gigawatt-hours (GWh) of electricity annually while saving around 1,800 tons of CO2 emissions per year.
The project will cover approximately 30 percent of Al Masaood Energy’s forecasted electricity consumption. This initiative reflects Al Masaood Energy’s commitment to decarbonizing and advancing the UAE’s industrial market towards net-zero emissions, in alignment with the country’s strategic environmental objectives.
“We are proud to support Al Masaood Energy in its transition to renewable energy through this solar project. Partnerships like this are essential for achieving sustainable growth and contributing to the UAE’s net zero goals,” said Hamady SY, Managing Director of TotalEnergies Renewables Distributed Generation Middle East & Africa.
“In line with our vision to contribute to the country’s decarbonization efforts, we are delighted to partner with TotalEnergies, a leader in the renewable energy sector in the UAE to meet our mid and long-term industrial power needs with a sustainable footprint”, said Dr. Ahmad El Tannir, General Manager, Al Masaood Energy.
COP28, held in Dubai under the UAE’s Presidency in November 2023, set a goal of achieving 50% decarbonization by 2030. This partnership between Al Masaood Energy and TotalEnergies demonstrates how the alignment of strategic initiatives by the UAE government and the private sector can accelerate progress towards this goal.
