ADNOC targets up to 100% renewable grid power supplly by 2022
ADNOC’s Board of Directors, has launched a landmark clean energy partnership between the Abu Dhabi National Oil Company (ADNOC) and EWEC (Emirates Water and Electricity Company).
The strategic partnership, which is the largest of its kind in the oil and gas industry, will see up to 100 per cent of ADNOC’s grid power supplied by EWEC’s nuclear and solar clean energy sources, making ADNOC the first major oil and gas company to decarbonise its power at scale through a clean power agreement and strengthening the company’s position as one of the world’s least carbon-intensive oil and gas producers.
Simultaneously, EWEC will benefit from long-term electricity offtake for its current and future renewable and clean power sources, which include solar and nuclear power, enabling continued investment in transformative innovations to decarbonise the energy sector.
This progressive approach supports the United Arab Emirates (UAE) Net Zero by 2050 Strategic Initiative and enhances ADNOC’s pathway to decarbonisation while enabling sustainable future growth. It also underpins the UAE’s bold and strategic approach to enable a lower carbon future.
The agreement was signed by His Excellency Dr. Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and Managing Director and Group CEO of ADNOC, and His Excellency Mohamed Hassan Alsuwaidi, Chief Executive Officer of ADQ and Chairman of EWEC.
The clean energy partnership reinforces ADNOC’s role as a leading global supplier of lower carbon oil and gas products and builds on its legacy of responsible hydrocarbon production. Murban, ADNOC’s flagship crude grade, already has a carbon intensity that is less than half the industry average, a figure that will be further improved as a result of this agreement.
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