Emerge Collaborates with Emirates Development Bank to Advance Solar Initiatives in UAE
Emerge, a joint venture between Masdar and the EDF Group, has signed a MoU with EDB. The agreement aims to explore opportunities for collaboration in the development and financing of distributed solar energy projects across the United Arab Emirates.
August 12, 2025. By News Bureau
Under the terms of the MoU, Emerge will identify and present potential renewable energy project opportunities, which EDB will evaluate to explore tailored financing solutions. This partnership supports the UAE’s clean energy transition and reflects a shared commitment to advancing sustainable infrastructure and innovation in the energy sector.
Ahmed Mohamed Al Naqbi, CEO, Emirates Development Bank, said, “Clean energy is one of the UAE’s biggest industrial enablers, and solar offers a clear opportunity for manufacturers, logistics operators, and SMEs to lower costs, improve resilience, and stay globally competitive. Through this partnership with Emerge, we’re focusing on practical solutions that combine technical capability with the kind of smart, flexible financing that accelerates execution. It’s an exciting model that supports the UAE’s energy transition while strengthening the foundations of industrial growth.”
Mohamed Jameel Al Ramahi, CEO, Masdar, said, “Emerge and EDB share a common commitment to supporting the UAE’s energy transformation, and to helping companies in the commercial and industrial sector to achieve their own clean energy objectives. Emerge’s flexible and client-centric approach enables companies to focus on their core business while reducing operational costs and this partnership with EDB will help provide access to the financing needed to deliver on their sustainability goals. We look forward to working more closely with EDB on unlocking clean energy opportunities for UAE companies.”
Luc Koechlin, CEO Middle East, EDF Group, said, “The MoU between Emerge and EDB reflects the shared ambition to strengthening collaboration on infrastructure that supports the C&I business of tomorrow. By combining Emerge’s expertise in delivering innovative solutions with EDB’s financial support, we aim to enable and expand impactful clean energy projects—contributing not only to the nation’s sustainability objectives but also to the resilience and efficiency.”
Through its tailored financing solutions and strategic support, EDB continues to drive innovation, foster business growth, and support the UAE's journey toward achieving its Net Zero ambitions.
please contact: contact@energetica-india.net.
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