BAKU, Azerbaijan, February 7. Abu Dhabi Future
Energy Company PJSC (Masdar), a global clean energy leader, and
German utility RWE signed a Memorandum of Understanding (MoU) on
Tuesday to support the expansion of renewable energy in Germany and
Europe, Trend
reports via Masdar.
The agreement, witnessed by UAE President Sheikh Mohamed bin
Zayed Al Nahyan and German Chancellor Friedrich Merz during the
Chancellor’s state visit to the UAE, was exchanged by H.E. Dr
Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced
Technology, Managing Director and Group CEO of ADNOC and Chairman
of Masdar, and Dr Markus Krebber, CEO of RWE.
Under the MoU, Masdar and RWE will explore investments in
battery energy storage system (BESS) projects in Germany. Masdar
aims to invest in existing RWE-owned BESS projects with a capacity
of up to 1 gigawatt (GW) by 2030, while both companies will assess
jointly developing new BESS projects of up to 1 GW by 2035. Battery
storage systems are designed to support renewable energy expansion
by balancing intermittent supply and ensuring a stable, affordable,
and secure power supply, meeting growing demand from new data
centers.
RWE and Masdar’s partnership dates back to 2008, beginning with
co-investment in the London Array offshore wind farm. Last month,
the companies were awarded Contracts for Difference (CfDs) by the
UK government for the Dogger Bank South offshore wind farms,
representing an £11 billion investment across two 1.5GW projects,
DBS East and DBS West, currently among the UK’s largest offshore
wind developments.
