Dubai PR Network, Online Press Release from Dubai and Middle East
 
(Energy and Industry)
Filter PR by
  
Masdar and Korea Energy Agency to explore renewable energy collaboration and investment
 

 
Abu Dhabi, United Arab Emirates, 27 March 2018:  Masdar, Abu Dhabi Future Energy Company, announced the signing of a memorandum of understanding (MoU) with the Korea Energy Agency (KEA) for renewable energy collaboration and investment between the Republic of Korea and the United Arab Emirates (UAE). 

Mohamed Jameel Al Ramahi, Masdar’s Chief Executive Officer (CEO), and Dr. Nam Hoon Kang, President and CEO of KEA, signed the MoU, which coincided with the President of the Republic of Korea Moon Jae-in’s four-day visit to the UAE and his first to the Middle East since his election last year. 

Under the terms of the agreement, Masdar and KEA aim to establish a potential strategic partnership to encourage renewable energy investment in Korea and to develop a number of renewable energy projects using solar, wind, energy storage, floating solar power and waste-to-energy technologies, among others.   

“Masdar is proud to collaborate with industry leaders and like-minded companies that share the same values and goals as Masdar.

Our partnership with the Korea Energy Agency will allow us to strengthen our relationship with Korea and accelerate the deployment of renewable energy and new energy industry projects to improve energy security and spur innovation in smart urban development,” said Al Ramahi. 

Both parties have also agreed to the possibility of expanding the scope of the collaboration in the future and will exchange expertise in the renewable energy and new energy industry fields covering energy auditing, smart grids, energy storage and other related areas.     

Dr. Kang said, “We are pleased to enter into this partnership with Masdar, which will lay the foundation for mutually beneficial cooperation. Utilising Masdar and KEA’s specialist knowledge and expertise will enable the Republic of Korea to advance its renewable energy goals.”

The signing of the agreement follows the Korea-UAE bilateral Economic Cooperation Council meeting in March, where Masdar and KEA initiated the development of the partnership. 

The MoU builds upon Masdar’s current ties with the Republic of Korea following the signing of a strategic agreement during Abu Dhabi Sustainability Week 2018 with global infrastructure and energy development company Daewoo Engineering and Construction Co., Ltd. to support the commercialisation of low-energy reverse osmosis seawater desalination plants in the Middle East, North Africa and Asia.   

Masdar’s Clean Energy division is a leading developer and operator of utility-scale, grid-connected projects, as well as applications providing electricity access to communities away from the grid.

The division also engages in research and development of sustainable technologies, from seawater desalination to solar photovoltaics, biofuel and energy storage to enhance current capabilities of renewable energy technologies and boost local, regional and global renewable energy power generation capacity.


Posted by : Dubai PR Network Editorial Team
Viewed 7991 times
PR Category : Energy and Industry
Posted on : Tuesday, March 27, 2018  2:14:00 PM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.com.
Previous Story : ENEC Showcases Opportunities in the UAE Peaceful Nuclear Ene...
Next Story : IRENA to Help Deliver Low-Carbon 2022 Winter Olympics in Zha...
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories



 
 
Most Viewed Press Release posted in the last 7 days
Brow Contour Pro 4-in-1 defining & highlighting brow pencil [12493-Views]
Jessica Kahawaty in Dubai to Celebrate the Launch of SUKIN, Australia's No.1 Natural Skinc... [11608-Views]
BodyO launches officially its AiPod for a full body check-up during the Gitex Future Stars [10144-Views]
The World of Aigner Wunderkammer [9925-Views]
Get flawless skin with Rodial's new Booster Drops [9900-Views]
Manero Peripheral (43 Mm) Classic Watchmaking Meets State of,the Art Technology [7893-Views]
Curate your perfect Autumn Winter wardrobe, with Robinsons [7607-Views]
Fifi & Friends - Now available at more outlets across the UAE [7350-Views]
Corum Heritage Eleganza- Dedicated to the stylish woman [7253-Views]
Halloween “Catwoman” mask using BROW products [7009-Views]
BOLLYWOOD PARKS™ Dubai introduces 11 new shows with a new line up of performances from var... [6917-Views]
Dubai Shopping Festival Returns With Much-awaited Mega Raffles [6838-Views]
With more collections and a more spacious car parking, Kalyan Silks moves to Electra Stre... [6643-Views]
Win up to 250,000 Gold coins at Malabar Gold & Diamonds this festive season [6576-Views]
OMEGA gets set to time the Youth Olympic Games Buenos Aires 2018 [6558-Views]
Joyalukkas Celebrates the Festival of Light with Irresistible Offers [6558-Views]
Malabar Gold & Diamonds to triple number of outlets to 750 and raise Group turnover to US$... [6545-Views]
Dubai's newest social hub - Bar Baar introduces ‘Thela Baar Brunch' [6271-Views]
Sharjah Government pavilion highlights digital transformation of Sharjah at GITEX 2018 [5588-Views]
Hour Choice presents Coach Park Collection (Suede straps) [5307-Views]
Introducing the Nokia 7.1 to the UAE [5258-Views]
Saddle Up With kate spade Fall 2018 [5252-Views]
Michael Kors to Introduce a Special-edition Whitney Handbag for the Middle East [5136-Views]
W Motors and Safe City Group introduce the BEAST PATROL at GITEX: One of the most advance... [5087-Views]
Be Thankful with Tub of Butter This Thanksgiving [5008-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories