Masdar enters Australia after buying 40% stake in waste-to-energy plant

energy plant
energy plant`

The Middle East UAE global energy organization named Abu Dhabi Future Energy Company run under the subsidiary of Abu Dhabi’s Mubadala Investment Company. They have entered the Australian market and it is their first attempt after getting a 40% stake in a utility-scale waste-to-energy facility.

As in the news at the Abu Dhabi Sustainability Week 2020, the asset will be a combined scheme between Masdar and Abu Dhabi advisory and development firm Tribe Infrastructure Group.

Building on the $352.3m the East Rockingham Resource Recovery Facility plant, which is situated around 40km outside of Perth, Australia has just been initiated and will take around three years to complete.

Under the contract, Acciona has to deliver the project in partnership with Hitachi Zosen INOVA (HZI) and will be operational by the end of 2022.

Utilities firm SUEZ will be the main handler of the operations and maintenance of the facility under a 20-year operations and maintenance agreement in partnership with HZI.

Masdar’s clean energy processes and their efforts to maximize the company’s global renewable energy manufacturing will now encompasses in more than 30 countries.