UAE’s Masdar, TotalEnergies to merge Asian onshore renewables into $2.2bln JV
Abu Dhabi Future Energy Company (Masdar) has signed a binding agreement with TotalEnergies to merge their onshore renewable energy portfolios in nine Asian markets into a new 50:50 joint venture
The portfolio acquisition comprises a multifamily community in New Jersey, and two senior housing properties in Orange County, California and Long Island, New York.
The agreement covers the construction and operation of a 360-kilometre railway linking the mining areas of Al-Shidiya and Ghor Al-Safi in Jordan to its Aqaba port.
These programmes will help businesses in the food and health sectors obtain loans more easily and cope with inventory stress and rising costs amid the Middle East conflict
