DP World and Masdar Sign Partnership Agreement to Explore Renewable Energy Systems
DP World and Masdar have signed a partnership agreement to explore and implement renewable energy systems across DP World’s port operations in the Middle East and Africa.
The agreement aims to facilitate the large-scale deployment of renewable energy and battery storage systems within DP World’s global supply chains.
Over a three-year period, DP World and Masdar will collaborate to identify potential sites for the deployment of solar and energy storage systems.
With an initial focus on Saudi Arabia, Senegal, and Egypt.
The partnership seeks to accelerate the adoption of renewable energy systems in DP World’s supply chains.
By sharing knowledge on regulatory frameworks and addressing other challenges, particularly in emerging markets.
Reducing Carbon Footprint.
Sultan Ahmed Bin Sulayem, DP World Group Chairman and CEO, said:
“Our partnership with Masdar is a significant step forward in our commitment to sustainable operations across our ports and terminals.
By exploring renewable energy solutions, we aim to reduce our carbon footprint.
We also aim to make a positive impact on the supply chain industry.”
Mohamed Jameel Al Ramahi, CEO of Masdar, said:
“Masdar and DP World are leading the way in decarbonizing port operations and supply chains.
We are committed to exploring all options and making progress.
This is by the development and deployment of renewable energy and energy storage systems in critical sectors.
Following the successful COP28 hosted by the UAE.
It is essential that we take the necessary steps to drive the global energy transition towards tripling renewable energy by 2030.”
Masdar, the UAE’s clean energy company, is one of the fastest-growing renewable energy companies in the world.
It is also active in developing and deploying renewable energy and green hydrogen technologies to address global sustainability challenges.
Collaboration Between DP World and COP28 Presidency
DP World continues its collaboration with COP28 Presidency to advocate for effective climate action.
This includes leveraging DP World’s global reach and impact across 75 countries.
In order to drive industry efforts towards developing impactful and long-term solutions that support the global climate agenda.
DP World works with key stakeholders – from logistics providers to NGOs, governments, and cargo owners.
This is to showcase new technologies and solutions.
And also to share ideas to mitigate the effects of climate change and build resilience.
In addition, it drives the energy transition and encourages environmental stewardship.
While ensuring the continued flow of trade around the world.
The UAE plays an important role in combating financial crimes globally, being one of the world’s major financial centers and a center for trade and investment has had a significant impact on its measures,
It established a more secure foundation for economic relations. pic.twitter.com/h3PE7rNsBJ
— UAE Voice (@uae_voiceeng) February 25, 2024
Decarbonization efforts are a key focus for DP World.
Because the company is committed to become carbon neutral by 2040 and achieve net zero emissions by 2050.
This is in line with the UN Climate Change Framework Convention’s “Race to Zero” initiative and the UAE’s Net Zero by 2050 initiative.
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