Mohamed Jameel Al Ramahi, Chief Executive Officer of Masdar, said that, since its founding in 2006, Masdar’s mission has been to put the UAE on a path to a sustainable, diversified economy.

In a statement marking Earth Day 2022, Al Ramahi stated, “At Masdar, we are proud pioneers in communicating our sustainability goals and achievements to our stakeholders.”

He highlighted Masdar’s positive impact on carbon-reduction goals, with the company’s operating clean energy portfolio displacing almost 7.5 million tonnes of carbon dioxide last year, up 38 percent on 2020’s adjust figure of 5.4 million tonnes, according to Masdar’s 2021 Sustainability Report. In total, the combined capacity of Masdar’s portfolio – either installed or under development – rose 40 percent last year to over 15 gigawatts (GW).

Al Ramahi reaffirmed Masdar’s ambition to reach a portfolio capacity of 100 GW – and ultimately to achieve double that, besides being positioned to play a key role in the UAE achieving its Net Zero by 2050 Strategic Initiative, and in supporting the journey to the COP28 climate change conference being hosted in the UAE next year.