- Strategic partnership is a result of closer ties between UAE
and France forged in the UAE-France High-Level Business Council,
and follows the landmark signing of the UAE-France Framework for
Cooperation in Artificial Intelligence.
- Masdar and TotalEnergies will strengthen their cooperation
to provide reliable and sustainable electricity to support Africa’s
energy systems transformation and to develop clean energy
opportunities in Southeast Asia.
- EPointZero and TotalEnergies to concentrate on partnership
opportunities supporting India’s clean energy ambitions in solar,
wind and energy storage.
Abu Dhabi Future Energy Company PJSC – Masdar, the UAE’s clean
energy leader, TotalEnergies and EPointZero, the decarbonization
arm of 2PointZero, a transformational global investment platform,
have signed a Framework for Action (FFA) agreement to drive access
to clean energy in emerging markets and developing economies in
Africa and Asia.
The agreement follows the UAE President His Highness Sheikh
Mohamed bin Zayed Al Nahyan’s visit to France and meeting with
French President His Excellency Emmanuel Macron, where they
reaffirmed the strong strategic partnership between the two
countries and discussed developing collaboration in key sectors
such as climate action, energy, artificial intelligence and
advanced technology.
Under the agreement, Masdar and TotalEnergies will strengthen
their cooperation to provide reliable and sustainable electricity
to local communities in Africa and support its long-term energy
systems transformation, and to jointly develop some new clean
energy opportunities in Southeast Asia. TotalEnergies and
EPointZero will explore partnership opportunities to support
India’s clean energy ambitions, including through solar, wind and
energy storage, to contribute to the country’s decarbonization
efforts.
The FFA signing was witnessed by H.E. Dr. Sultan Al Jaber, UAE
Minister of Industry and Advanced Technology, Chairman of Masdar,
Patrick Pouyanné, Chairman and CEO of TotalEnergies, and H.E Mariam
Almheiri, Group CEO of 2PointZero. The agreement was signed at the
third plenary meeting of the UAE-France High Level Business Council
in Paris on February 16 by 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 brings together these major companies under the
Council’s umbrella to work together to expand their capabilities
and increase access to clean energy in emerging markets and
developing economies in Africa and Asia.
Commenting on the agreement, Mohamed Jameel Al Ramahi, CEO,
Masdar, said: “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 of
TotalEnergies, said: “By supporting the development of
the country 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.”
H.E. Mariam Almheiri Group CEO of 2PointZero, said: “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."
The UAE-France High Level Business Council was launched in July
2022 in the presence of UAE President His Highness Sheikh Mohamed
bin Zayed Al Nahyan and Emmanuel Macron, President of the French
Republic, with the aim of promoting economic exchanges and
conveying the voice of UAE and French businesses to the highest
public authorities, as well as to identify and implement private
cross-investment projects.
The Council held its first plenary meeting in January 2023 and
serves as an important catalyst for innovation and collaboration,
reinforcing the UAE and France’s joint commitment to a sustainable,
low-carbon future. The two nations have maintained a Comprehensive
Strategic Energy Partnership since 2022 and launched the UAE-France
Bilateral Climate Investment Platform last year.
***
About Masdar
Masdar (Abu Dhabi Future Energy Company) is one of the world’s
fastest-growing renewable energy companies. As a global clean
energy leader, Masdar is advancing the development and deployment
of solar, wind, geothermal, battery storage and green hydrogen
technologies to accelerate the energy transformation and help the
world meet its net-zero ambitions. Established in 2006, Masdar has
developed and invested in projects in over 40 countries with a
combined capacity of 51 gigawatts (GW), providing affordable clean
energy access to those who need it most and helping to power a more
sustainable future.
Masdar is jointly owned by TAQA, ADNOC, and Mubadala, and is
targeting a renewable energy portfolio capacity of 100GW by 2030
while aiming to be a leading producer of green hydrogen by the same
year.
About 2PointZero
2PointZero, a subsidiary of IHC (International Holding Company),
was founded in 2023 as a transformational investment platform
focused on making strategic investments in emerging technologies
and future-sustaining businesses to create a globally diversified
and resilient portfolio.
2PointZero brings together a suite of innovative and established
UAE subsidiaries, including Chimera Investments, Lunate Capital,
Beltone, Sagasse, EPointZero and International Resources Holding
(IRH) under one transformational umbrella, placing 2PointZero at
the forefront of key sectors including financial services, consumer
goods, mining resources, technology and energy. Our Dynamic Value
Network is sector agnostic, allowing it to connect capabilities
across our portfolio to unlock new pathways for growth and create
measurable value for investors while empowering communities,
fostering sustainable ecosystems, and driving groundbreaking
technological advancements.
About TotalEnergies
TotalEnergies is a global integrated energy company that
produces and markets energies: oil and biofuels, natural gas and
green gases, renewables and electricity. Our more than 100,000
employees are committed to provide as many people as possible with
energy that is more reliable, more affordable and more sustainable.
Active in about 120 countries, TotalEnergies places sustainability
at the heart of its strategy, its projects and its operations.
@TotalEnergies TotalEnergies TotalEnergies
TotalEnergies
Cautionary Note
The terms “TotalEnergies”, “TotalEnergies company” or “Company”
in this document are used to designate TotalEnergies SE and the
consolidated entities that are directly or indirectly controlled by
TotalEnergies SE. Likewise, the words “we”, “us” and “our” may also
be used to refer to these entities or to their employees. The
entities in which TotalEnergies SE directly or indirectly owns a
shareholding are separate legal entities. This document may contain
forward-looking information and statements that are based on a
number of economic data and assumptions made in a given economic,
competitive and regulatory environment. They may prove to be
inaccurate in the future and are subject to a number of risk
factors. Neither TotalEnergies SE nor any of its subsidiaries
assumes any obligation to update publicly any forward-looking
information or statement, objectives or trends contained in this
document whether as a result of new information, future events or
otherwise. Information concerning risk factors, that may affect
TotalEnergies’ financial results or activities is provided in the
most recent Universal Registration Document, the French-language
version of which is filed by TotalEnergies SE with the French
securities regulator Autorité des Marchés Financiers (AMF), and in
the Form 20-F filed with the United States Securities and Exchange
Commission (SEC).
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Masdar Contacts For media inquiries, please contact:
press@masdar.ae For more information, please visit:
https://www.masdar.ae and connect: facebook.com/Masdar.ae and
twitter.com/Masdar
2PointZero Contacts For media inquiries, please contact:
press@2pointzero.com For more information, please visit:
http://www.2PointZero.com
TotalEnergies Contacts Media Relations: +33 (0)1 47 44 46
99 l presse@totalenergies.com l @TotalEnergiesPR Investor
Relations: +33 (0)1 47 44 46 46 l ir@totalenergies.com
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