Masdar, Petronas to consider offshore wind, solar partnerships in Asia

Offshore wind farm. Author: Beverley Goodwin. License: Creative Commons, Attribution 2.0 Generic

March 11 (Renewables Now) - Abu Dhabi Future Energy Company PJSC, better known as Masdar, plans to explore a partnership in offshore wind and solar projects together with Malaysian oil and gas major Petroliam Nasional Bhd (Petronas).

Under a recently signed memorandum of understanding (MoU), the companies agreed to look into opportunities for joint participation, focusing on utility-scale solar, both ground-mounted and floating, and offshore wind projects in Asia. The parties are not ruling out other regions and other renewable energy technologies.

In addition to Malaysia, the partners have an interest in countries that plan faster development of renewable energy, including Vietnam and Taiwan.

At the end of February, Masdar signed a similar agreement with sovereign wealth fund of Kazakhstan, Samruk-Kazyna, for opportunities for collaboration in the Central Asian country.

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Before joining Renewables Now, Alex was a UK-focused business news reporter. Now she is covering global news from the renewable energy industry with a special interest in M&A.

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