Masdar is making significant strides towards becoming one of the largest renewable energy companies globally.
Masdar, the Abu Dhabi Future Energy Company, has made remarkable strides in its clean energy efforts, as it recently announced that it has nearly doubled its clean energy capacity and CO2 displacement in just two years. The company is now well on its way to achieving its ambitious goal of becoming one of the world’s largest renewable energy companies by 2030.
In its recently published Sustainability Report revealed that it achieved a clean energy capacity of 20 gigawatts (GW) in 2022, a significant increase from previous years. This growth is a testament to Masdar’s unwavering commitment to renewable energy and its dedication to combatting climate change.
Throughout the year, the company generated an impressive 18,000 gigawatt-hours (GWh) of clean energy. This substantial amount of renewable energy has played a crucial role in reducing the carbon footprint and promoting sustainable development. Furthermore, Masdar’s efforts have resulted in the displacement of a staggering 10 million tonnes of CO2, showcasing the positive impact the company has had on the environment.
The Sustainability Report also sheds light on other significant developments within the company. One notable achievement is the launch of the Green Finance Framework. This framework aims to mobilize funds for renewable energy projects and facilitate the company’s expansion in the clean energy sector. By utilizing sustainable financing methods, Masdar will be able to attract investments that will fuel its growth and further enhance its contribution to global clean energy goals.
Furthermore, the report underscores the company’s dedication to health and safety. The company has implemented robust measures to ensure the well-being of its employees, contractors, and the communities in which it operates. By prioritizing safety and adhering to stringent health guidelines, Masdar sets an example for the industry, reinforcing the importance of sustainable practices both within the organization and beyond.
Masdar’s commitment to empowering women and young people is another highlight of the report. The company has made significant strides in fostering gender equality and promoting youth involvement in renewable energy initiatives. Through various programs and initiatives, Masdar actively encourages the participation of women and young individuals, recognizing their invaluable contributions to the sector and aiming to create a more inclusive and diverse workforce.
With its exceptional progress, Masdar is positioning itself as a global leader in renewable energy. By doubling its clean energy capacity and significantly reducing CO2 emissions, the company has proven its ability to drive sustainable change on a large scale. With the continued implementation of innovative solutions, Masdar is well on track to achieving its ambitious target of becoming one of the world’s largest renewable energy companies by 2030.
Ahmed Al Qubaisi, Senior Vice President of Operations and Business Development at Masdar, expressed his satisfaction with the company’s achievements. He stated, “We are proud of the significant progress we have made in expanding our clean energy capacity and reducing CO2 emissions. Our commitment to sustainability, innovation, and collaboration has been instrumental in driving our success. We remain steadfast in our pursuit of a sustainable future and look forward to even greater accomplishments in the years to come.”
According to Masdar’s recently released Sustainability Report, the year 2022 witnessed the achievement of a clean energy capacity of 20 gigawatts (GW). This substantial increase in capacity showcases Masdar’s commitment to renewable energy and its role in combatting climate change. By significantly expanding its clean energy infrastructure, Masdar is spearheading the transition towards a sustainable and low-carbon future.
As the world grapples with the urgent need to transition to clean and renewable energy sources, Masdar stands as a shining example of what can be achieved through determination and a long-term vision. With its impressive accomplishments, the company is not only contributing to a greener and more sustainable future but also inspiring others to follow suit.
