ADNOC and EWEC launch clean energy partnership
His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Member of the Abu Dhabi Executive Council, Chairman of the Abu Dhabi Executive Office and Chairman of the Executive Committee of Abu Dhabi National Oil Company (ADNOC)’s Board of Directors, has launched a landmark clean energy partnership between ADNOC and EWEC (Emirates Water and Electricity Company).
The strategic partnership, which is the largest of its kind in the oil and gas industry, will see up to 100 per cent of ADNOC’s grid power supplied by EWEC’s nuclear and solar clean energy sources, making ADNOC the first major oil and gas company to decarbonise its power at scale through a clean power agreement and strengthening the company’s position as one of the world’s least carbon-intensive oil and gas producers.
Simultaneously, EWEC will benefit from long-term electricity offtake for its current and future renewable and clean power sources, which include solar and nuclear power, enabling continued investment in transformative innovations to decarbonise the energy sector.
This progressive approach supports the United Arab Emirates Net Zero by 2050 Strategic Initiative and enhances ADNOC’s pathway to decarbonisation while enabling sustainable future growth. It also underpins the UAE’s bold and strategic approach to enable a lower carbon future.
The clean energy partnership reinforces ADNOC’s role as a leading global supplier of lower carbon oil and gas products and builds on its legacy of responsible hydrocarbon production. Murban, ADNOC’s flagship crude grade, already has a carbon intensity that is less than half the industry average, a figure that will be further improved as a result of this agreement.
On the refined products side, the new partnership will further reduce the carbon intensity of ADNOC products. As part of the partnership, the clean energy supplied to ADNOC will be validated via I-REC Clean Energy Certificates registered by EWEC.
In addition to developing world leading solar power projects, EWEC is supporting the integration of the Barakah Nuclear Energy Plant to the Abu Dhabi grid. Once all four nuclear reactors are fully operational, the Barakah Plant will prevent the release of up to 21 million tonnes of carbon emissions every year, leading the biggest decarbonisation efforts in the region.
The new clean energy partnership will accelerate ADNOC’s sustainability goal of decreasing its greenhouse gas emissions intensity by 25 percent by 2030 and offers the potential for additional value and operational efficiencies.