Abu Dhabi Future Energy Company PJSC – Masdar, has signed a Memorandum of Understanding (MoU) with the Malaysian Investment Development Authority (MIDA) to invest US$8 billion for up to 10GW of renewable energy projects in the country.
MIDA will facilitate Masdar to develop up to 10GW of renewable energy projects by 2035, to include ground mounted, rooftop and floating solar power plants, onshore wind farms and battery energy storage systems.