Masdar, one of the world’s leading renewable energy companies, and Tribe Infrastructure Group, an infrastructure advisory and development firm, will strengthen their collaboration in the deployment of utility-scale energy-from-waste (EfW) projects by establishing a joint venture in Australia.
The announcement was made by the Honorable Christopher Pyne, Former Australian Defence Minister, and His Excellency Abdullah Al Subousi, UAE Ambassador to Australia, alongside Mohamed Jameel Al Ramahi, Chief Executive Officer of Masdar, and Peter McCreanor, Tribe CEO, during the inauguration of the Australia-United Arab Emirates Business Council, which took place in Sydney, Australia.
The aim of the JV company is to develop EfW projects across Australia, as well as to support the delivery and management of these projects.
“Tribe and Masdar have the distinction of being the first companies to ink contracts that actively engage in business activity in Australia as part of the Australia UAE Business Council. Australia and the UAE have very strong connections, and the joint venture agreement between Masdar and Tribe for turning waste into energy is only the beginning of the relationship that the two companies will have across Australia,” said Hon Pyne.
“This is an exciting day for both the United Arab Emirates and Australia. I have no doubt that the Council will do a great job in enhancing our bilateral relations,” said HE Al Subousi.
HE added: “Masdar has been a great champion of the energy-from-waste sector. We are honored to see Masdar and Tribe come together to establish a joint venture company and I hope this can pave the way for future collaboration in additional sectors.”
“The Australian energy-from-waste sector provides excellent potential in the long-term. The signing of this agreement is a reflection of Masdar’s global clean energy ambitions and will further support Australia’s roadmap towards a low-carbon future,” said Al Ramahi.
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