Masdar and Silk Road Fund Partner to Invest USD 2.8 Billion in RE Projects

In a significant move to advance global energy transition efforts, Masdar, the Abu Dhabi Future Energy Company, has entered into a strategic partnership with China’s Silk Road Fund. The partnership was formalised through a Memorandum of Understanding (MoU), signed during the COP29 conference in Baku, Azerbaijan.

This collaboration is set to explore co-investment opportunities in renewable energy projects, particularly within the context of China’s Belt and Road Initiative (BRI), focusing on the developing world and global south.

The MoU was signed by Mohamed Jameel Al Ramahi, CEO of Masdar, and Zhu Jun, Chairwoman of Silk Road Fund, marking the beginning of a transformative alliance between two organisations with extensive experience in renewable energy investments.

Speaking about the agreement, Mohamed Jameel Al Ramahi emphasised the importance of this partnership, stating, "This collaboration between two companies with significant investments in renewable energy projects in emerging markets and the global south will provide a major impetus to efforts to advance the energy transition. We look forward to a successful and rewarding partnership with Silk Road Fund." The partnership aims to strengthen the renewable energy landscape in regions aligned with the BRI, enhancing sustainable development and energy access.

As part of the MoU, Silk Road Fund has committed to investing up to 20 billion yuan (USD 2.8 billion) in renewable energy projects developed, invested in, or operated by Masdar. This strategic co-investment is expected to support the deployment of renewable energy technologies in Middle East, Central Asia, Southeast Asia, and Africa — regions where Masdar has already established a strong presence. The partnership will also help further Masdar's ambitious goal to expand its renewable energy capacity to 100 GW by 2030.

Masdar's investments span several continents, with a strong focus on regions that align with the BRI, China’s global development initiative. This partnership with Silk Road Fund will help accelerate the development and deployment of renewable energy infrastructure in these regions, advancing the global push toward a cleaner and more sustainable energy future.

The agreement reflects both Masdar’s and Silk Road Fund’s commitment to sustainable development and climate action, reinforcing the importance of collaboration across borders to meet the world’s growing energy needs while reducing carbon emissions. As both entities continue to work together, the Masdar-Silk Road Fund partnership is expected to set a new standard for international cooperation in the renewable energy sector, driving the transition to clean energy worldwide.