United Arab Emirates’ (UAE) clean energy leader Masdar, the decarbonisation arm of 2PointZero EPointZero and TotalEnergies, have signed a Framework for Action (FFA). 

The agreement will drive access to clean energy in emerging markets and developing economies in Africa and Asia.

2PointZero is a transformational global investment platform. The agreement follows UAE president Sheikh Mohamed bin Zayed Al Nahyan’s visit to France to meet with French president Emmanuel Macron. They reaffirmed the strong strategic partnership between the two countries, and discussed developing collaboration in key sectors.

This includes climate action, energy, artificial intelligence and advanced technology. 

Under the agreement, Masdar and TotalEnergies will strengthen their cooperation to provide reliable and sustainable electricity to local communities in Africa. They will support its long-term energy systems transformation and jointly develop clean energy opportunities in Southeast Asia. 

TotalEnergies and EPointZero will explore partnership opportunities to support India’s clean energy ambitions. 

This includes solar, wind and energy storage to contribute to the country’s decarbonisation efforts. 

The FFA signing was witnessed by Sultan Al Jaber, UAE minister of industry and advanced technology; chairman of Masdar, Patrick Pouyanné; chairman and CEO of TotalEnergies; and Mariam Almheiri, Group CEO of 2PointZero. 

The agreement was signed at the third plenary meeting of the UAE-France High-Level Business Council in Paris yesterday by Al Ramahi, Stéphane Michel, TotalEnergies president for Gas Renewable and Power, and Peter Abraam, chief strategy and growth officer of the International Holding Company. 

The FFA brings together these major companies under the council’s umbrella to work together to expand their capabilities, and increase access to clean energy in emerging markets and developing economies in Africa and Asia. 

Commenting on the agreement, Al Ramahi said “enabled by the strength of the UAE-France bilateral relationship, Masdar is proud to be working with TotalEnergies to help deliver clean energy access across Southeast Asia and Africa. This agreement reflects our shared commitment to empowering local communities, driving socio-economic growth and sustainable progress, and advancing the global energy transformation. 

“It is heartening to see the UAE-France Framework for Cooperation in artificial intelligence signed last week. We look forward to continuing to utilise cutting-edge clean energy technologies to drive access and sustainable growth”.

President for gas renewable and power of TotalEnergies Michel said “by supporting the development of the country’s oil and gas reserves, TotalEnergies has been a key partner of Abu Dhabi for more than 80 Years. We are now delighted to extend our partnership with Abu Dhabi to the development of renewable energies in emerging markets in Asia and Africa. “Combining the strengths, expertise and reach of Masdar, EPointZero and TotalEnergies will certainly enable each partner to accelerate their growth, and improve the quality of their investment in those fast-developing markets where renewable energies are key to those countrie’s energy transition”. 

Group CEO of 2PointZero Almheiri said “this partnership deepens UAE-France ties, and advances our shared commitment to advancing the global energy transition. By combining the expertise of Masdar, TotalEnergies and EPointZero, we are expanding clean energy access in emerging markets, accelerating decarbonisation, and driving economic growth. Our collaboration across India, Africa and Asia will scale up renewables and energy storage, ensuring reliable, sustainable power for millions. Together, we are building a cleaner, more resilient world”. 

The UAE-France High-Level Business Council was launched in July 2022 in the presence of UAE president Al Nahyan and Macron to promote economic exchanges, and convey the voice of UAE and French businesses to the highest public authorities.

In addition, it was to identify and implement private cross-investment projects. 

The council held its first plenary meeting in January 2023, serving as an important catalyst for innovation and collaboration.

It moreover reinforces the UAE and France’s joint commitment to a sustainable, low-carbon future. 

The two nations have maintained a Comprehensive Strategic Energy Partnership since 2022, and launched the UAE-France Bilateral Climate Investment Platform last year.