Abu Dhabi Future Energy Company PJSC – Masdar and German utility major RWE have signed a Memorandum of Understanding (MoU) to jointly support the expansion of renewable energy and battery storage projects across Germany and Europe, strengthening efforts to accelerate the continent’s energy transition.
The agreement was exchanged in the presence of His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the United Arab Emirates, and German Chancellor Friedrich Merz, during the Chancellor’s official state visit to the UAE. The MoU was signed by H.E. Dr Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology, Managing Director and Group CEO of ADNOC and Chairman of Masdar, and Dr Markus Krebber, CEO of RWE.
Under the MoU, Masdar and RWE will collaborate to identify and develop battery energy storage system (BESS) projects in Germany. Masdar plans to explore investments by 2030 in existing BESS assets owned by RWE, with a total capacity of up to 1 GW. In parallel, the partners will assess opportunities for the joint development of new BESS projects of up to 1 GW by 2035.
The development of large-scale battery storage is expected to play a critical role in supporting renewable energy expansion by balancing intermittent power generation, improving grid stability, and ensuring a secure and affordable electricity supply. The projects will also help meet rising power demand driven by the growth of data centres and digital infrastructure in Germany.
Mohamed Jameel Al Ramahi, CEO of Masdar, said battery storage is essential to unlocking the full potential of renewable energy deployment and delivering reliable, affordable clean power. He added that Germany remains a key strategic market for Masdar as the company advances toward its global target of 100 GW of renewable energy capacity by 2030.
Dr Markus Krebber, CEO of RWE, said the partnership underscores the importance of flexible energy storage in achieving grid stability, security of supply, and the integration of renewables, aligning with Germany’s climate neutrality and energy policy objectives.
Masdar and RWE have maintained a strategic partnership since 2008, beginning with their joint investment in the London Array offshore wind farm. Most recently, the companies secured Contracts for Difference (CfDs) in the UK government’s latest offshore wind auction for the Dogger Bank South (DBS) projects. The £11 billion development comprises two 1.5 GW offshore wind farms — DBS East and DBS West — representing one of the largest offshore wind initiatives currently under development in the UK.
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