Masdar's Clean Energy Push: Expanding Presence in the U.S.
Key Ideas
- Masdar aims to develop a clean energy portfolio of 25GW in the U.S. within the next decade, with investments in wind, solar, and battery storage projects across various states.
- The UAE-U.S. Partnership for Accelerating Clean Energy (PACE) aims to deploy 100GW of clean energy by 2035, with a $20 billion allocation set for developing 15GW of clean energy projects in the U.S. by 2035.
- Abu Dhabi National Oil Company (ADNOC) has acquired a 35 percent equity stake in ExxonMobil’s blue hydrogen project in Texas, supporting clean energy production and low-carbon ammonia output.
- The U.S. and the UAE share a reliable and long-standing energy partnership focused on global energy supply security, resilient infrastructure, civil nuclear cooperation, and joint efforts in developing energy infrastructure for emerging sectors.
Masdar, based in Abu Dhabi, is targeting a clean energy portfolio of 25GW in the United States over the next decade. This initiative is part of the UAE-U.S. Partnership for Accelerating Clean Energy (PACE), which aims to deploy 100GW of clean energy by 2035 with a significant investment of $20 billion allocated for 15GW of clean energy projects in the U.S. by 2035. Masdar, along with private-sector investors, is leading this effort. Additionally, the Abu Dhabi National Oil Company (ADNOC) has acquired a 35 percent stake in ExxonMobil's blue hydrogen project in Texas, focusing on clean energy production and low-carbon ammonia output. Masdar's U.S. operations include wind, solar, and battery storage projects across states like California, Texas, New York, and New Mexico. The company's recent acquisition of Terra-Gen further expanded its U.S. portfolio to over 5.0GW of operating capacity, with additional projects under construction and in the pipeline. The U.S. Department of Energy recognizes the strong partnership with the UAE, emphasizing collaboration on global energy supply security, resilient infrastructure, civil nuclear cooperation, and energy infrastructure development for emerging sectors. The visit of U.S. Energy Secretary Chris Wright to the UAE underscores the commitment to enhancing bilateral energy ties.
Topics
Blue Hydrogen
Renewable Energy
Clean Energy
Energy Security
Innovation
Investment
Energy Infrastructure
Partnership
Acquisitions
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