TotalEnergies, Abu Dhabi's Masdar form $2.2 billion renewables joint venture
Published on April 2, 2026.
French oil and gas company TotalEnergies and Emirati new energy firm Masdar are set to merge their activities in nine Asian countries into a $2.2 billion joint venture. The companies will contribute to a portfolio of 3 gigawatts of operational capacity, with 6 GW under advanced development. They will own 50% of the venture each. The deal allows the companies to develop, build, own and operate solar, wind and battery projects in countries such as Azerbaijan, Indonesia, Japan, Kazakhstan, Malaysia, the Philippines, Singapore, South Korea and Uzbekistan.
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Articles written by Hillary Remy
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