Masdar Shares Core Methods For Advancing Renewable Energy Initiatives
Date
11/16/2024 7:12:16 PM
(MENAFN- Trend News Agency)
BAKU, Azerbaijan, November 16. Masdar takes
three key approaches to kick-starting renewable energy projects,
said Martin Nagel, Advisor to Masdar's CEO, as he addressed the
Energy Transition investment Forum for Central Asia during COP29,
Trend reports.
“Our methods include government engagement, competing in
commercial tenders, and acquiring renewable energy projects through
platforms that we develop and scale,” Nagel explained.
He highlighted that government engagement is the most critical
approach, often starting with the signing of a memorandum of
understanding for a specific project. From there, Masdar
collaborates closely with development partners and government
agencies to ensure the project is financially viable.
“This process can be particularly challenging in the early
stages,” Nagel noted,“as it often requires aligning the efforts of
different government departments and making legislative adjustments
to meet the requirements of financial institutions.”
He added that Masdar's success lies in its collaborative
approach.“We are not an infrastructure fund with limited partners,
nor do we focus on equity valuation models. Our strength is in
building relationships and delivering projects with a pragmatic
approach to risk,” he said.
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