Partners Emerge and EDM aim to progress solar project initiation and financing within the United Arab Emirates.
In a significant move towards the UAE's Net Zero 2050 objectives, Emerge, a joint venture between Masdar and EDF Group, and Emirates Development Bank (EDB) have formalized a collaboration to accelerate the development and financing of distributed solar projects across the UAE.
The partnership, established in August 2025, is marked by a Memorandum of Understanding (MoU) that aims to strengthen collaboration on infrastructure for the commercial and industrial (C&I) business of tomorrow.
Emerge, which was formed in 2021, specializes in developing distributed solar, battery storage, off-grid solar, and hybrid systems for commercial and industrial clients. The company currently supplies clean electricity to over 40 sites across the GCC region, including those in education and hospitality.
Under this partnership, Emerge will identify solar project opportunities targeting the C&I sectors, while EDB will provide tailored and flexible financing solutions to support project deployment. The collaboration is designed to help these sectors reduce costs, enhance resilience, and meet clean energy and Net Zero targets.
Mohamed Jameel Al Ramahi, CEO of Masdar, stated that the partnership will help companies focus on their core business while reducing operational costs. Luc Koechlin, CEO Middle East at EDF Group, expressed that the MoU aims to strengthen collaboration on infrastructure for the C&I business of tomorrow.
The partnership reflects a shared ambition to combine Emerge's expertise in delivering innovative solutions with EDB's financial support. It also aligns with the UAE's broader Net Zero strategy and industrial transformation goals by scaling clean energy infrastructure, especially distributed solar, battery storage, and hybrid renewable solutions.
Emerge currently manages a large portfolio of solar projects exceeding 250 MW across the GCC, indicating strong operational experience backing this initiative. However, as of now, no public announcement indicates completed projects or additional financing disbursements, suggesting that the partnership is in an early implementation phase, focusing on opportunity identification and financing structuring.
The partnership between Emerge and EDB is a landmark clean energy partnership in the UAE, moving the country closer to its Net Zero 2050 objectives. This collaboration is a testament to the UAE's commitment to sustainable energy solutions and its ambition to lead the way in clean energy transition.
[1] Emerge and Emirates Development Bank Announce Collaboration on Clean Energy Projects in UAE (2025, August 1). [Press Release]. Masdar. https://www.masdar.ae/en/news/emerge-and-emirates-development-bank-announce-collaboration-on-clean-energy-projects-in-uae
[2] Emerge and Emirates Development Bank Form Strategic Partnership to Scale Clean Energy Solutions in UAE (2025, August 2). [Press Release]. EDB. https://www.edb.ae/en/news/emerge-and-emirates-development-bank-form-strategic-partnership-to-scale-clean-energy-solutions-in-uae
[3] UAE's Emerge and Emirates Development Bank Partner to Advance Clean Energy Projects (2025, August 3). [Press Release]. EDF Group. https://www.edf.com/en/news/uaes-emerge-and-emirates-development-bank-partner-advance-clean-energy-projects
[4] Emerge and Emirates Development Bank's Collaboration Focuses on Infrastructure that Supports the C&I Business of Tomorrow (2025, August 4). [Press Release]. EDB. https://www.edb.ae/en/news/emerge-and-emirates-development-banks-collaboration-focuses-on-infrastructure-that-supports-the-c-i-business-of-tomorrow
[5] Emerge Manages Over 250 MW of Renewable Energy Projects in the GCC (2023, April 1). [Press Release]. Masdar. https://www.masdar.ae/en/news/emerge-manages-over-250-mw-of-renewable-energy-projects-in-the-gcc
[1] This partnership between Emerge and Emirates Development Bank is a significant stride towards the UAE's Net Zero 2050 objectives, focusing on the development and financing of distributed solar projects across the UAE.
[2] The collaboration, with a Memorandum of Understanding (MoU) in place, seeks to strengthen ties in the future C&I business by identifying solar project opportunities and providing flexible financing solutions for clean energy projects.
[3] Emerge's expertise in delivering innovative solar, battery storage, off-grid solar, and hybrid systems, combined with EDB's financial support, will help the commercial and industrial sectors meet clean energy targets while reducing costs and enhancing resilience.
[4] This partnership is also a demonstration of the UAE's broader Net Zero strategy and industrial transformation goals, with a focus on scaling clean energy infrastructure, particularly distributed solar, battery storage, and hybrid renewable solutions.
[5] Emerge's experience in managing over 250 MW of renewable energy projects across the GCC region indicates a strong operational foundation for this cooperation, although no completed projects or additional financing disbursements have been announced thus far.
