BAKU, Azerbaijan, November 16. Masdar takes three key approaches to kick-starting renewable energy projects, said Martin Nagel, Advisor to Masdar’s CEO, as he addressed the Energy Transition Investment Forum for Central Asia during COP29, Trend reports.
“Our methods include government engagement, competing in commercial tenders, and acquiring renewable energy projects through platforms that we develop and scale,” Nagel explained.
He highlighted that government engagement is the most critical approach, often starting with the signing of a memorandum of understanding for a specific project. From there, Masdar collaborates closely with development partners and government agencies to ensure the project is financially viable.
“This process can be particularly challenging in the early stages,” Nagel noted, “as it often requires aligning the efforts of different government departments and making legislative adjustments to meet the requirements of financial institutions.”
He added that Masdar’s success lies in its collaborative approach. “We are not an infrastructure fund with limited partners, nor do we focus on equity valuation models. Our strength is in building relationships and delivering projects with a pragmatic approach to risk,” he said.