UAE-based renewable energy company Masdar has partnered with Bahrain’s Bapco Energies to explore the development of wind energy projects in Bahrain with a potential 2 GW capacity.
The agreement marks Masdar’s first foray into the Bahraini market and could lead to the establishment of near-shore and offshore wind farms in the region.
The collaboration contributes to Bahrain’s environmental targets, which include a 30% reduction in greenhouse gas emissions by 2035 and the ambition to reach net zero emissions by 2060.
The wind projects will accelerate the decarbonization of Bahrain’s industrial sectors and create new economic opportunities.
The projects align with Masdar’s strategic objective to increase its renewable energy portfolio to 100 GW by 2030.
Masdar CEO Mohamed Jameel Al Ramahi stated: “As a global clean energy pioneer, Masdar will utilize its well-established expertise and track record in delivering wind energy projects globally, both onshore and offshore.
“It is a privilege to be supporting the Kingdom of Bahrain to achieve its net zero ambitions and power a more sustainable future.”
Bapco Energies group CEO Mark Thomas stated: “Today marks a significant milestone in Bapco Energies’ pathway towards sustainable energy development. Our partnership with Masdar demonstrates our commitment to diversifying the Kingdom of Bahrain’s energy mix to include cleaner energy sources, underscoring our role as leaders in renewable energy development.
“This strategic collaboration signifies a bold step towards realizing the ambitions outlined in Bahrain’s national energy strategy, propelling us closer to our net zero goals. Together, we will pave the way for a more sustainable and resilient future for generations to come.”
In March 2024, Masdar completed the acquisition of a 49% stake in the Dogger Bank South offshore wind projects in the UK from RWE, a deal announced at COP28 in Dubai in December 2023.
Following the acquisition, Masdar secured a financing package worth €488m from a consortium of financial institutions.
Masdar recently purchased a 50% stake in the US renewable energy company Terra-Gen Power from Energy Capital Partners.
