DP World has signed a partnership agreement with clean energy player, Abu Dhabi Future Energy Company (Masdar), to explore and implement renewable energy systems across DP World's global port operations in the Middle East and Africa.
The agreement aims to facilitate the widespread adoption of renewable energy and battery energy storage systems (BESS) within DP World's global supply chain.
In the announcement, DP World said over the course of the three-year partnership, the firms will work together to identify optimal sites for the potential deployment of solar and energy storage systems, with an initial focus on Saudi Arabia, Senegal, and Egypt.
The partnership also seeks to accelerate the deployment of renewable energy systems in DP World's supply chain by sharing knowledge of the regulatory landscape and other challenges, particularly in emerging economies.
"Our partnership with Masdar represents a significant step forward in our commitment to sustainable operations at our ports and terminals. By exploring renewable energy solutions, we aim to reduce our carbon footprint and drive positive change in the supply chain industry," commented Sultan Ahmed bin Sulayem, chairman and CEO of DP World.
Mohamed Jameel Al Ramahi, Masdar chief executive officer, for his part, noted that Masdar and DP World are leading the way in the decarbonisation of the company's port operations and supply chain to explore all options to advance the development and deployment of renewable energy power and storage systems in hard-to-abate sectors.
"Following a successful COP28 hosted in the UAE, it is vital that we take action to drive the global energy transition towards tripling renewable energy by 2030," he added.
DP World has already committed to becoming carbon neutral by 2040 and net zero carbon by 2050, aligned to the UNFCCC's Race to Zero and UAE's 2050 net zero initiative.