The CEO of Masdar, Mohamed Jameel Al Ramahi, has received the International Energy Diplomacy Person of the Year award in London.
Recognising his personal legacy in advancing the clean energy transition, Al Ramahi collected the Gulf Intelligence International Energy Diplomacy Person of the Year Award during the fourth Middle East Energy Summit, reported state news agency Wam.
Speaking on stage after receiving the award from Steve Holliday, President of the Energy Institute, Al Ramahi described the UAE as a “first-mover” in renewable energy and was bullish about its potential to become a leading player in the low-carbon economy.
Al Ramahi said: "As a global leader we have all the necessary technical expertise at Masdar, but partnerships with companies that share our values will always be part of our strategy because every market is unique," Al Ramahi said.
"We support governments in achieving their renewable energy targets besides working with the private sector – for example, we worked with Equinor to deliver one of the world’s largest offshore wind farms here in the UK."
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Al Ramahi said that when Masdar was established, few believed Abu Dhabi’s target of seven percent renewables by 2020 was realistic.
However, today the UAE as a whole is pursuing an even more ambitious strategy to deliver 50% of the nation’s electricity from clean energy sources by 2050.
Masdar will is se to shortly launch the 800-megawatt third phase of the Mohamed bin Rashid Al Maktoum Solar Park in Dubai together with Dubai Electricity Water Authority and EDF Renewables, after setting a record-low price for solar power generation.
Masdar is also building Oman’s first utility-scale wind farm and developing the Dumat Al Jandal wind farm in Saudi Arabia, the region’s largest wind energy project to date. Later this quarter, the company will unveil Jordan’s largest solar power plant, Al Ramahi added.
"Today we have nearly 6GW of power generating capacity either installed or under development, and more than double that in the pipeline. We are already active in 30 countries, including in Texas and New Mexico in the United States, but that is only the start,” he said.