Abu Dhabi Future Energy Company PJSC (Masdar), recognized as the UAE’s leader in clean energy, along with TotalEnergies and EPointZero—the decarbonization division of 2PointZero, a transformative global investment platform—have formalized a Framework for Action (FFA) agreement aimed at enhancing clean energy access in emerging markets and developing economies across Africa and Asia.
Strengthening cooperation for sustainable electricity
Through this agreement, Masdar and TotalEnergies are set to boost their collaboration to ensure reliable and sustainable electricity for local communities in Africa. They aim to support the long-term transformation of energy systems while jointly exploring new clean energy opportunities in Southeast Asia. Furthermore, TotalEnergies and EPointZero plan to investigate partnership prospects to promote India’s clean energy initiatives, focusing on solar, wind, and energy storage solutions that contribute to the nation’s decarbonization efforts, according to a statement.
Ceremony attended by key industry leaders
The signing of the FFA was witnessed by notable figures, including Dr. Sultan Al Jaber, UAE minister of Industry and Advanced Technology and chairman of Masdar, Patrick Pouyanné, chairman and CEO of TotalEnergies, and Mariam Almheiri, group CEO of 2PointZero.
The agreement was formalized during the third plenary meeting of the UAE-France High-Level Business Council in Paris on February 16. Leaders participating in the signing included Masdar’s Chief Executive Officer, Mohamed Jameel Al Ramahi, Stéphane Michel, TotalEnergies president for Gas Renewable and Power, and Peter Abraam, chief strategy and growth officer of IHC. The FFA unites these significant companies under the Council’s framework to collaboratively enhance their capabilities and expand access to clean energy in emerging markets and developing economies within Africa and Asia.
Leaders express commitment to clean energy
Reflecting on the agreement, Mohamed Jameel Al Ramahi, CEO of Masdar, stated, “Enabled by the strength of the UAE-France bilateral relationship, Masdar is proud to be working with TotalEnergies to help deliver clean energy access across Southeast Asia and Africa. This agreement reflects our shared commitment to empowering local communities, driving socio-economic growth and sustainable progress, and advancing the global energy transformation. It is heartening to see the UAE-France Framework for Cooperation in Artificial Intelligence signed last week, and we look forward to continuing to utilize cutting-edge clean energy technologies to drive access and sustainable growth.”
Stéphane Michel, president for Gas Renewable and Power at TotalEnergies, commented, “By supporting the development of the country’s Oil and Gas reserves, TotalEnergies has been a key partner of Abu Dhabi for more than 80 years. We are now delighted to extend our partnership with Abu Dhabi to the development of renewable energies in emerging markets in Asia and Africa. Combining the strengths, expertise, and reach of Masdar, EPointZero, and TotalEnergies will certainly enable each partner to accelerate their growth and improve the quality of their investment in those fast-developing markets where renewable energies are key to those countries’ energy transition.”
Mariam Almheiri, group CEO of 2PointZero, remarked, “This partnership deepens UAE-France ties and advances our shared commitment to advancing the global energy transition. By combining the expertise of Masdar, TotalEnergies, and EPointZero, we are expanding clean energy access in emerging markets, accelerating decarbonization, and driving economic growth. Our collaboration across India, Africa, and Asia will scale up renewables and energy storage, ensuring reliable, sustainable power for millions. Together, we are building a cleaner, more resilient world.”
Council’s role in promoting innovation
The Council convened its inaugural plenary meeting in January 2023 and acts as a critical catalyst for innovation and collaboration, reinforcing the UAE and France’s mutual commitment to a sustainable, low-carbon future. The two nations have sustained a Comprehensive Strategic Energy Partnership since 2022 and launched the UAE-France Bilateral Climate Investment Platform last year.
