Emerge will identify solar project opportunities, with EDB offering tailored financing to support deployment.
The collaboration aims to help commercial and industrial players reduce costs, increase resilience, and meet clean energy targets.
The initiative aligns with the UAE’s broader push for Net Zero and industrial transformation through clean energy infrastructure.
Emerge, the joint venture between Masdar and EDF Group, has signed a Memorandum of Understanding (MoU) with Emirates Development Bank (EDB) to accelerate the development and financing of distributed solar projects in the UAE.
Under the agreement, Emerge will identify potential renewable energy opportunities across the country, while EDB will explore bespoke financing options to support viable projects. The partnership is designed to scale clean energy access for commercial and industrial (C&I) sectors—ranging from manufacturing to logistics—helping them meet sustainability goals and improve operational efficiency.
“Clean energy is one of the UAE’s biggest industrial enablers, and solar offers a clear opportunity for manufacturers, logistics operators, and SMEs to lower costs, improve resilience, and stay globally competitive,” said His Excellency Ahmed Mohamed Al Naqbi, CEO of Emirates Development Bank. “Through this partnership with Emerge, we’re focusing on practical solutions that combine technical capability with the kind of smart, flexible financing that accelerates execution.”
The MoU brings together Emerge’s technical and project delivery expertise with EDB’s mandate to drive economic diversification through strategic investment.
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“Emerge and EDB share a common commitment to supporting the UAE’s energy transformation,” said Mohamed Jameel Al Ramahi, CEO of Masdar. “Emerge’s flexible and client-centric approach enables companies to focus on their core business while reducing operational costs, and this partnership with EDB will help provide access to the financing needed to deliver on their sustainability goals.”
Luc Koechlin, CEO Middle East at EDF Group, added: “The MoU between Emerge and EDB reflects the shared ambition to strengthen collaboration on infrastructure that supports the C&I business of tomorrow. By combining Emerge’s expertise in delivering innovative solutions with EDB’s financial support, we aim to enable and expand impactful clean energy projects.”
Formed in 2021, Emerge develops distributed solar, battery storage, off-grid solar, and hybrid systems for commercial and industrial clients. It currently supplies clean electricity to over 40 sites across the GCC region, including those in education and hospitality.
As the UAE continues to progress toward its Net Zero 2050 objectives, this partnership marks another step in mobilizing capital and technical capability toward scalable renewable energy solutions.
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