Masdar Makes Strategic Investment in One of the World's Largest Geothermal Players, Growing Clean Energy Portfolio
ABU DHABI, UAE, Feb. 24, 2023 /PRNewswire/ -- Masdar, a global clean energy powerhouse, is entering the geothermal energy sector, through a strategic investment in Pertamina Geothermal Energy (PGE), one of the world's largest geothermal players.
- ABU DHABI, UAE, Feb. 24, 2023 /PRNewswire/ -- Masdar, a global clean energy powerhouse, is entering the geothermal energy sector, through a strategic investment in Pertamina Geothermal Energy (PGE), one of the world's largest geothermal players.
- The investment marks Masdar's entry into geothermal energy, in the second-largest geothermal market in the world.
- We are especially excited to add geothermal energy to our clean energy portfolio, a clean energy source that can deliver dispatchable power 24 hours a day, which further underscores our position as a global leader in delivering clean energy solutions that help drive the global energy transition."
- These attributes mean geothermal energy could potentially play a significant role in the clean energy transition, helping nations with a high concentration of geothermal activity to reduce carbon emissions.