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Masdar has signed an agreement with Bapco Energies to jointly explore the development and investment for with a capacity of up to 2 GW. Agreement will focus on exploring the joint development of near-shore and offshore wind projects.

Executives from Masdar and Bapco sign the development Agreement
 

The agreement is first of its kind for developing near-shore and offshore wind farms in the Middle East. This clean energy collaboration will support the Kingdom of Bahrain in accelerating the decarbonization of critical industrial sectors and will open avenues to develop new market sectors. The Kingdom of Bahrain aims to reduce emissions by 30 percent by 2035 and achieve net-zero emissions by 2060, as outlined in its National Energy Strategy.

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Furthermore, Masdar has developed a significant number of wind projects across the world, including the . Masdar Chief Executive Officer, Mohamed Jameel Al Ramahi, said, “As a global clean energy pioneer, Masdar will utilize its well-established expertise and track record in delivering wind energy projects globally, both onshore and offshore. It is a privilege to be supporting the Kingdom of Bahrain to achieve its net zero ambitions and power a more sustainable future.”

About Bapco Energies

Bapco Energies is the energy investment and development arm of the Kingdom of Bahrain. It is a national company that aims to power the next generation of energy, industry, people, wealth, talent, and innovation. Bapco Energies aligns its business with national and international goals and ambitions and partners with the best in every field. Formerly known as nogaholding, Bapco Energies is a semi-independent agency within the Ministry of Oil and Gas in Bahrain. Its mission is to develop the nation's petroleum resources via oil and gas projects.

As Bahrain's national strategic holding company, Bapco Energies owns and manages all of the government's investments in the oil, gas, and petrochemical sector. Bapco Energies is committed to reducing its carbon footprint and is working towards a renewable future. The company is growing strategic partnerships with the best in every field and is aligned with common national and international goals and ambitions.

Read: Australia Approves Feasibility Licences for 6 Offshore Wind Projects

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