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ABU DHABI (WAM)
DP World signed a partnership agreement with the Abu Dhabi Future Energy Company (Masdar), a global leader in clean energy, to explore and implement renewable energy systems across its global port operations in the Middle East and Africa.
The agreement aims to facilitate the widespread adoption of renewable energy and battery energy storage systems (BESS) within DP World’s global supply chain.
For the duration of the three-year partnership, DP World and Masdar will collaborate to identify optimal sites for the potential deployment of solar and energy storage systems, initially focusing on Saudi Arabia, Senegal, and Egypt.
The agreement aims to accelerate the deployment of renewable energy systems in DP World’s supply chain. It seeks to do so by sharing knowledge of the regulatory landscape and other challenges, especially in emerging economies.
Chairman and CEO of DP World, Sultan Ahmed bin Sulayem, said, “Our partnership with Masdar is a significant step forward in our commitment to sustainable operations at our ports and terminals. By exploring renewable energy solutions, we aim to reduce our carbon footprint and drive positive change in the supply chain industry.”
Chief Executive Officer of Masdar, Mohamed Jameel Al Ramahi, said, “Masdar and DP World are leading the way in the decarbonisation of the company’s port operations and supply chain to explore all options to advance the development and deployment of renewable energy power and storage systems in hard-to-abate sectors. Following a successful COP28 hosted in the UAE, it is vital for us to take action to drive the global energy transition towards tripling renewable energy by 2030.”
More about Masdar and DP World
Masdar is the UAE’s clean energy champion and one of the world’s fastest-growing renewable energy companies. The organisation is advancing the development and deployment of renewable energy and green hydrogen technologies to address global sustainability challenges.
As a leading end-to-end supply chain solutions provider, DP World will continue to work with the COP28 Presidency to advocate for more urgent climate action. This will include leveraging DP World’s scale and influence across the 75 countries it operates in, bringing together the broader industry to develop impactful long-term solutions that contribute to the international climate agenda.
The company works with key stakeholders, such as logistics companies, NGOs, governments, and cargo owners, to showcase new technologies and solutions and exchange ideas to combat and build resilience against climate change, driving global energy transition, and promoting environmental stewardship. All while ensuring the continued flow of global trade.
Decarbonisation is a core focus of DP World, which is committed to becoming carbon neutral by 2040 and achieving net zero by 2050, in line with the “Race to Zero” initiative of the United Nations Framework Convention on Climate Change (UNFCCC) and the UAE Net Zero 2050 initiative.
