Masdar, TotalEnergies and EPointZero, the decarbonisation division of 2PointZero, have signed a Framework for Action (FFA) agreement to expand clean energy access across Africa and Asia.
The collaboration across India, Africa, and Asia will scale up renewables and energy storage, ensuring reliable, sustainable power for millions, said in the press-release.
Masdar and TotalEnergies will work together to deliver reliable, sustainable electricity to communities in Africa, aiding in the long-term transformation of energy systems. They will also explore new clean energy opportunities in Southeast Asia.
TotalEnergies and EPointZero will also collaborate to support India’s decarbonization efforts through solar, wind, and energy storage projects.
The signing occurred during the third plenary meeting of the UAE-France High-Level Business Council in Paris, following discussions between UAE President Sheikh Mohamed bin Zayed Al Nahyan and French President Emmanuel Macron, who reaffirmed their countries' strategic partnership in climate action and clean energy solutions.
“Enabled by the strength of the UAE-France bilateral relationship, Masdar is proud to be working with TotalEnergies to help deliver clean energy access across Southeast Asia and Africa,” said Mohamed Jameel Al Ramahi, CEO of Masdar. "This agreement reflects our shared commitment to empowering local communities, driving socio-economic growth, sustainable progress, and advancing the global energy transformation.”
Stéphane Michel, President for Gas, Renewable, and Power at TotalEnergies, added, “We are now delighted to extend our partnership with Abu Dhabi to the development of renewable energies in emerging markets in Asia and Africa. By combining the strengths, expertise, and reach of Masdar, EPointZero, and TotalEnergies, we will certainly accelerate growth and enhance the quality of our investment in these rapidly developing markets.”
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Bank of America (BofA) said the recent volatility in Turkish markets has so far had only a limited inflationary impact, stressing that Türkiye’s economic management remains in control.
A severe cyberattack disabled Ukraine’s online railway ticketing system on Monday, causing extensive queues and disruptions, with Kyiv officials attributing the incident to a possible Russian attempt to destabilise the nation.
Tuberculosis (TB) cases among children in Europe's WHO region increased by 10% in 2023, marking a troubling rise that underscores ongoing disease transmission, according to a World Health Organization report released on Monday.
U.S. President Donald Trump reiterated on Monday his proposal for the United States to annex Greenland, sparking strong criticism from Greenlandic and Danish officials over a planned visit by a high-level U.S. delegation later this week.
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