EWEC and Masdar sign framework agreement to accelerate UAE renewable energy projects
Type: Partnership · Technology: Solar · Country: United Arab Emirates · Announced: 2026-05-05
Emirates Water and Electricity Company (EWEC) and Masdar signed a Collaboration Framework Agreement to accelerate the deployment of utility-scale renewable energy projects in the UAE. The agreement establishes a structured roadmap covering early-stage development through to financial close, streamlining Masdar’s participation in EWEC’s project pipeline. The framework builds on existing collaboration between the two companies across major projects, including Al Dhafra Solar PV, Al Ajban Solar PV, Khazna Solar PV, and a large-scale solar and battery storage project designed to deliver round-the-clock renewable power. Ahmed Ali Alshamsi, Chief Executive Officer of EWEC, stated that the agreement empowers the acceleration of Abu Dhabi’s energy transformation, targeting 60% of total energy demand from renewable and clean sources by 2035. Mohamed Jameel Al Ramahi, Chief Executive Officer of Masdar, highlighted the agreement’s role in advancing the UAE’s energy transformation and diversifying the national energy mix.