Cepsa and Masdar Join Forces to Expand their Renewables Businesses Internationally

Energy Press Releases Thursday January 18, 2018 17:00
ABU DHABI, UAE--18 Jan--PRNewswire/InfoQuest
  • Both companies have complementary expertise to work together in developing projects in Spain, the Middle East, North Africa, Latin America and Europe
  • The collaboration reflects the constant search for synergies among Mubadala group businesses
  • The agreement highlights Cepsa's diversified energy model and long-term strategy
  • Masdar has an established presence in the Middle East and European renewables sectors and this agreement highlights its ambition to continue expanding its geographical footprint

Cepsa, a global energy company with more than 85 years' experience, and Masdar, Abu Dhabi Future Energy Company, an international leader in renewables and sustainable urban development, have signed a Memorandum of Understanding (MOU) to explore renewable energy project collaboration, especially wind and solar. Cepsa and Masdar aim to expand their international presence in the renewable energy market through the signing of this agreement.

(Photo: https://mma.prnewswire.com/media/628847/Cepsa_and_Masdar.jpg )
(Logo: http://mma.prnewswire.com/media/602087/Cepsa_Logo.jpg )

The collaboration between Cepsa and Masdar is a reflection of the constant search for synergies among businesses of the Mubadala Investment Company. The combination of Cepsa's technical excellence in operations and execution of industrial projects in places like Algeria and Latin America, coupled with Masdar's experience in renewable energies in the Middle East, the United Kingdom and other markets, will help drive the development of projects in strategic countries for both companies.

Cepsa and Masdar plan to explore opportunities in the locations where they already operate or can easily access, such as Spain, the Middle East, North Africa, Latin America, Europe, and other regions.

The agreement was announced today at Abu Dhabi Sustainability Week, one of the world's largest gatherings on sustainability which is currently being held in the UAE capital. Last year the event received over 38,000 visitors.

For more information: http://www.cepsa.com / http://www.masdar.ae
For more information please visit: http://www.masdar.ae and connect: facebook.com/masdar.ae and twitter.com/Masdar
Source: Cepsa

Latest Press Release

Sasol Limited: Update on the Lake Charles Chemical Project

Sasol has today updated its guidance for LCCP following a review process to assess the project costs and schedule. - LCCP's schedule remains on track with the Ethylene Glycol/Ethylene Oxide Unit due to achieve beneficial operation within days. The only...

BCPG Announces Dividend Payment for Q1/2019

BCPG Public Company Limited announced the interim dividend payment for Q1/2019 at the rate of 0.16 baht per share, with XD (Exclude Dividend) sign posted on 4 June 2019, and dividend payment date set for 14 June 2019. The Company's Board of Directors...

Mainstream Renewable Power: Audited 2018 Financial Results

Mainstream Renewable Power ("Mainstream" or the "Company"), the leading global developer of wind and solar power plant, today announces its audited results for the twelve-month period ended 31 December 2018 ("the period"). Highlights Financial –...

CATL#s ESS Solutions and LFP Technology Take Centre Stage at ees Europe 2019

Contemporary Amperex Technology Ltd. (CATL), a global leader in lithium-ion power battery R&D and manufacturing, brought its industry-leading lithium-iron-phosphate (LFP) battery solutions to Europe's largest, most-visited exhibition for batteries...

Huawei Wins Intersolar AWARD at Intersolar 2019

Huawei won the Intersolar Award at Intersolar 2019 for SUN2000 15-20KTL series smart inverter. The award was won by the inverter's branding new attractions, ultimate safety and better experience. Huawei Residential & Commercial Smart PV Solution...

Related Topics