Masdar agrees ten gigawatt project volume in Malaysia

UAE-based renewable energy company Masdar (Abu Dhabi Future Energy Company) has agreed a memorandum of understanding with the Malaysian Investment Development Authority (MIDA) to invest $8 billion in renewable energy projects in the country with up to ten gigawatts (GW) of total capacity.
According to Masdar, MIDA will facilitate the company to implement projects for ground-mounted, rooftop and floating photovoltaic plants, onshore wind power and battery storage at the stated scale by 2035. Masdar did not provide details on specific projects. The company, which was founded in 2006, aims to achieve a global generation capacity of 100 GW by 2030; to date, it says it has implemented a good 20 GW in around 40 countries.

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