Emerge, a joint venture between Masdar and the EDF Group, has signed a Memorandum of Understanding (MoU) with Emirates Development Bank (EDB) to explore collaboration on developing and financing distributed solar projects across the UAE.
Under the agreement, Emerge will identify potential renewable energy projects for the commercial and industrial sector, while EDB will assess and explore tailored financing solutions to support implementation.
His Excellency Ahmed Mohamed Al Naqbi, CEO of EDB, said the partnership focuses on practical solutions that combine technical expertise with flexible financing, enabling manufacturers, logistics operators, and SMEs to reduce costs, improve resilience, and remain competitive.
Mohamed Jameel Al Ramahi, CEO of Masdar, noted that Emerge’s client-focused approach helps companies lower operational costs and meet clean energy goals, while the collaboration with EDB ensures greater access to financing.
Luc Koechlin, CEO Middle East at EDF Group, highlighted that the alliance will combine Emerge’s innovative clean energy solutions with EDB’s financial capabilities to drive impactful projects that align with the UAE’s sustainability and industrial growth objectives.
Established in 2021, Emerge develops distributed solar, battery storage, off-grid solar, and hybrid solutions for commercial and industrial clients, and currently supplies clean power to more than 40 sites across the GCC.
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