RWE and two partners in the United Arab Emirates signed two agreements on 11 September: a Memorandum of Understanding regarding offshore wind between RWE and Abu Dhabi Future Energy Company PJSC (aka Masdar), and a Letter of Intent between RWE and ADNOC regarding future LNG supplies.
These agreements reinforce the growing economic and energy relationship between Germany and the UAE and reflect the ongoing dialogue between the respective companies, including their shared interest in supporting the development of renewable energy opportunities, and enhancing energy security in Germany and Europe.
Under the MoU, RWE and Masdar intend to consider joint participation in the German offshore wind auctions in 2027. This agreement has an indicative investment value exceeding €3 billion, reinforcing the UAE’s role as a committed investor in Germany’s energy sector and deepening bilateral co-operation in clean energy development.
Offshore wind is set to become one of the cornerstones of Germany’s energy system, and Germany’s ambitious offshore expansion targets underline both the scale of the opportunity and the importance of strong partners.
The LOI between ADNOC and RWE Supply & Trading builds on ongoing discussions about long-term LNG supply opportunities established under the Strategic Collaboration Agreement signed in February this year. Both parties intend to agree on the terms of up to two LNG sale and purchase agreements, building upon key commercial terms covering deliveries to Germany and other European markets, as well as to Asian markets, supplied from ADNOC Gas’ and XRG’s growing LNG portfolio including Ruwais, Das, Rio Grande, Mozambique and Argentina, with supply commencing in the early 2030s.
Dr Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology, ADNOC MD & Group CEO, and chairman of Masdar, said: “The UAE and Germany have built a strong partnership grounded in shared ambition, industrial co-operation and a commitment to energy security. The UAE’s intention to invest an additional €40 billion in Germany reflects the long-term confidence and ambition behind this partnership.”
