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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Shipping through the Strait of Hormuz has slowed, according to the latest data, as uncertainty over the waterway’s reopening kept most shipowners away. Six commodity vessels crossed the strait on Tuesday, down from nine the day before and below the 10-day daily average of 11.
Shipping traffic through the Strait of Hormuz remains limited on Thursday, with no increase in vessel crossings as U.S.-Iran talks to resolve the conflict remained stalled. Nine commodity vessels transited the key waterway on Wednesday, unchanged from the previous day, according to Kpler data.
Iran has said the Strait of Hormuz will remain closed until the U.S. fulfils the terms of an interim deal, including lifting the maritime blockade and sanctions and releasing Iran’s frozen assets.
Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 19th of August, covering the latest developments.
A wildfire in Croatia driven by strong winds descended on the tourist town of Omis overnight, engulfing houses, forcing about 1,000 people to evacuate to safety and injuring dozens, fire brigade and health officials said on Friday.
Rhossi, a rare Kemp’s ridley sea turtle that washed up near death on a Welsh beach in 2023, has returned to Texas after more than two years of rehabilitation in the UK.
Glacier coverage in Kyrgyzstan’s Issyk-Kul Basin has shrunk by 33.7 per cent over the past 70–90 years, according to an updated glacier inventory by Kyrgyzhydromet. The agency says the pace of glacier retreat has accelerated sharply in recent years.
Extreme heat and historically low river levels are forcing nuclear power plants across Southeast Europe to reduce production, increasing pressure on already stretched electricity supplies and prompting governments to call for lower consumption.
Flash floods in Gansu Province in China's northwest last week killed 25 people and injured 23 more, the official Xinhua news agency reported on Sunday, raising earlier death tolls.
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