Renewable energy port partnership announced

DP World has signed a partnership agreement to implement renewable energy systems across its port operations in the Middle East and Africa.

Abu Dhabi Future Energy Company (Masdar) and DP World will identify sites for the deployment of solar and energy storage systems, with an initial focus on Saudi Arabia, Senegal, and Egypt. The agreement aims to facilitate the widespread adoption of renewable energy and battery energy storage systems (BESS) within DP World’s global supply chain.

“Our partnership with Masdar represents a significant step forward in our commitment to sustainable operations at our ports and terminals,” said DP World Chairman and CEO, Sultan Ahmed bin Sulayem. “By exploring renewable energy solutions, we aim to reduce our carbon footprint and drive positive change in the supply chain industry.”

Masdar is an Emirati state-owned company, headquartered in Abu Dahbi, which works to advance renewable energy and green hydrogen technologies to address global sustainability challenges.

“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,” said Masdar Chief Executive Officer, Mohamed Jameel Al Ramahi. “Following a successful COP28 hosted in the UAE, it is vital that we take action to drive the global energy transition towards tripling renewable energy by 2030.”

In other news, tanker transport company, Kenan Advantage Group (KAG), has acquired Northern Dry Bulk.

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