Emirati renewable energy company Masdar today signed an agreement to develop renewable energy projects in Tanzania.
The agreement between Masdar and the Tanzania Electric Supply Company specifies that they will work on two energy projects that will ultimately produce 2,000 megawatts of onshore solar and wind power. Masdar said in a press release.
Because matter: The UAE invests in a variety of renewable energy and green technology projects as it seeks to diversify its economy and reduce dependence on oil.
Abu Dhabi-based Masdar, owned by the Emirati sovereign wealth fund Mubadala, plays an important role in this transition. In June, Masdar agreed with Azerbaijan to develop wind and solar energy projects in the Eurasian country. In May, Masdar unveiled a plant in the UAE city of Sharjah that will convert waste into energy.
Other Emirati companies are also carrying out renewable energy projects in Africa. In April, Dubai’s AMEA Power decided to build two solar power plants in Morocco.
Learn more: The agreement with Tanzania represents the UAE’s continued interest in improving its economic ties with the countries of the African continent. In June, the Abu Dhabi Exports Office signed an agreement with the Economic Community of West African States to promote bilateral trade. Last year, Dubai’s government-owned port operator DP World promised to invest $ 1.7 billion in infrastructure across Africa.
