• Masdar will look to invest in existing RWE projects in Germany with a capacity of up to 1GW, and both companies will explore development of new BESS projects of up to 1GW in capacity

Abu Dhabi, United Arab Emirates – His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the United Arab Emirates, and German Chancellor Friedrich Merz witnessed today the exchange of a Memorandum of Understanding (MoUs) between Abu Dhabi Future Energy Company PJSC – Masdar, a global clean energy leader, and RWE, designed to support the expansion of renewables in Germany and Europe, advancing energy transformation on the continent.

The agreement was exchanged by H.E. Dr Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology, Managing Director and Group CEO of ADNOC and Chairman of Masdar, and Dr Markus Krebber, CEO of RWE, during the Chancellor’s state visit to the UAE.

Under the MoU, Masdar and RWE will work together to identify and pursue investments in battery energy storage system (BESS) projects in Germany. Masdar will explore investing by 2030 in existing BESS projects in the country owned by RWE, with a capacity of up to 1 gigawatt (GW). In addition, RWE and Masdar will assess the joint development of new BESS projects of up to 1 GW by 2035.  Development of battery storage systems will support the expansion of renewable energy by balancing intermittent supply, therefore ensuring a stable, affordable, and secure power supply in Germany. This will also help to meet the growing demand for reliable power from new data centers.

Mohamed Jameel Al Ramahi, CEO of Masdar, said: “Battery storage is critical to unlocking renewable energy deployment and delivering clean, reliable, affordable electricity for the benefit of consumers, businesses and communities. Germany is an important market for Masdar as we progress toward our target of 100 gigawatts of capacity worldwide by 2030 and we look forward to building on our already powerful partnership with RWE to support energy transformation in Germany and across Europe.”

Dr Markus Krebber, CEO of RWE AG, said: “The MoU with Masdar reflects the importance RWE and Masdar place on flexible energy storage as a foundation for grid stability, security of supply, and the integration of renewable energy – core pillars of Germany’s climate neutrality and energy policy objectives. Our collaboration is underpinned by a strong track record, most recently demonstrated by our joint success in the latest UK offshore wind auction for the Dogger Bank South projects. Together, we are making significant progress towards a secure and sustainable energy future for Europe.”

RWE's longstanding partnership with Masdar began in 2008 with their co-investment in the London Array offshore wind farm. Last month, the companies were awarded Contracts for Difference (CfDs), the UK Government’s primary mechanism for enabling the deployment of low-carbon electricity at scale, for the DBS (Dogger Bank South) offshore wind farms. Representing an £11 billion investment, DBS comprises two 1.5GW projects, DBS East and DBS West, together forming one of the UK’s largest offshore wind projects currently under development.

About Masdar

Established in 2006, Masdar (Abu Dhabi Future Energy Company) is leading the global energy transformation by investing in, developing and operating renewable energy projects that deliver commercial returns while providing reliable, affordable clean power worldwide. 

With over 20 years’ experience in renewables, Masdar has a diverse, derisked portfolio totaling over 65 gigawatts (GW) across six continents, including the world’s fastest-growing energy markets.

Jointly owned by TAQA, ADNOC and Mubadala, Masdar is driving the scale-up of renewables worldwide, targeting a portfolio capacity of 100GW by 2030. 

For more information please visit: https://www.masdar.ae and connect: facebook.com/masdar.ae and https://x.com/Masdar

About RWE

RWE is leading the way to a modern energy world. With its investment and growth strategy, RWE is contributing significantly to the success of the energy transition and the decarbonisation of the energy system. Around 20,000 employees work for the company in almost 30 countries worldwide. RWE is one of the leading companies in the field of renewable energy. RWE is investing billions of euros in expanding its generation portfolio, in particular in offshore and onshore wind, solar energy and batteries. It is perfectly complemented by its global energy trading business. Thanks to its integrated portfolio of renewables, battery storage and flexible generation, as well as its broad project pipeline of possible new builds, RWE is well positioned to address the growing global demand for electricity, particularly driven by further electrification and artificial intelligence. RWE is decarbonising its business in line with the 1.5-degree reduction pathway and will phase out coal by 2030. RWE will be net zero by 2040. Fully in line with the company’s purpose - Our energy for a sustainable life.

For enquiries:     
Vera Bücker,
RWE AG
Head of Media Relations
International & Finance
E vera.buecker@rwe.com