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DP World and Masdar link up for project to decarbonise ports

DP World's terminal at Dakar in Senegal, one of the countries in the first phase of the decarbonisation project DP World
DP World's terminal at Dakar in Senegal, one of the countries in the first phase of the decarbonisation project
  • UAE giants agree 3-year deal
  • DP World works in 75 countries
  • Solar and battery storage plan

Two of the UAE’s biggest companies have formed a partnership that aims to decarbonise ports in the Middle East and Africa.

Logistics group DP World has signed a three-year agreement with clean energy giant Masdar. Their initial focus will be on ports in Saudi Arabia, Senegal and Egypt.

The companies will identify the best sites for solar power and battery energy storage systems and then install the technology.

Mohamed Jameel Al Ramahi, CEO of Masdar, said both companies were committed to the deployment of renewable energy in hard-to-abate sectors. 

Shipping is known as one of the sectors struggling to reduce high levels of greenhouse gas emissions.

DP World, which has operations in 75 countries, has pledged to become net zero by 2050, in line with United Nations and UAE deadlines.

Sultan Ahmed bin Sulayem, chairman and CEO of DP World, described the Masdar deal as a “significant step forward” in reducing its carbon footprint.

Masdar, which is owned by state oil giant Adnoc, sovereign wealth fund Mubadala and Abu Dhabi National Energy Company (Taqa), is working on clean energy projects in about 40 countries. 

It has become Africa’s largest renewables company through its platform Infinity Power. Last year Masdar joined forces with Africa50, a pan-African infrastructure investment platform and has committed to mobilise $10 billion in clean energy finance.

Its electricity generation capacity is more than 20 gigawatts – from solar, wind, waste-to-energy, geothermal and energy storage projects.

The company aims to reach 100GW of capacity and 1 million tonnes of green hydrogen by 2030.

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