EPointZero, TotalEnergies Partner To Support Africa & Asia Market

Abu Dhabi Future Energy Company PJSC—Masdar, a UAE-based clean energy company, TotalEnergies, and EPointZero, the decarbonization arm of 2PointZero, a global investment platform, signed a Framework for Action (FFA) agreement. This agreement aims to increase access to clean energy in emerging markets and developing economies in Africa and Asia.

The agreement follows the UAE President Sheikh Mohamed bin Zayed Al Nahyan’s visit to France and meeting with French President Emmanuel Macron, to reaffirm their partnership and discuss developing collaboration in key sectors such as climate action, energy, artificial intelligence, and advanced technology.

Under the agreement, Masdar and TotalEnergies can strengthen their cooperation to provide reliable and sustainable electricity to local communities in Africa to support its long-term energy systems transformation, and jointly develop some new clean energy opportunities in Southeast Asia. TotalEnergies and EPointZero can explore partnership opportunities to support India’s clean energy ambitions, including through solar, wind, and energy storage, to contribute to the country’s decarbonization 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 on February 16 by Masdar’s Chief Executive Officer, Mohamed Jameel Al Ramahi, Stéphane Michel, TotalEnergies President for Gas Renewable and Power, and Peter Abraam, Chief Strategy and Growth Officer of IHC.

Expansion Into Africa And Asia

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, Mohamed Jameel Al Ramahi, CEO, Masdar, 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. It is heartening to see the UAE-France Framework for Cooperation in Artificial Intelligence signed last week, and we look forward to continuing to utilize cutting-edge clean energy technologies to drive access and sustainable growth.”

Stéphane Michel, President for Gas Renewable and Power of TotalEnergies, said: “By supporting the development of the country Oil and Gas reserves, TotalEnergies has been a key partner of Abu Dhabi for more than 80 Years. 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 countries Energy Transition.”

Mariam Almheiri Group CEO of 2PointZero 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 decarbonization, 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.”

UAE-France

The UAE-France High-Level Business Council was launched in July 2022 in the presence of UAE President Sheikh Mohamed bin Zayed Al Nahyan and Emmanuel Macron, President of the French Republic. This agreement aims to promote economic exchanges and convey the voice of UAE and French businesses to the highest public authorities, as well as to identify and implement private cross-investment projects.

The Council held its first plenary meeting in January 2023 and serves as an important catalyst for innovation and collaboration, reinforcing 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.