Abu Dhabi, UAE & Zhejiang, China – 19 August, 2024 – CMMZE Invest Limited (CMMZE) and Das Solar Co., Ltd. (Das Solar) are pleased to announce the formation of a strategic consortium aimed at developing, financing, building, operating, and maintaining renewable energy projects for green hydrogen production.
This landmark partnership marks a significant step towards advancing sustainable energy solutions and reducing carbon footprints globally.
The consortium, named “CMMZE-Das Solar,” will focus initially on green hydrogen projects, with plans to expand to other regions. The initiative includes the development of wind and solar renewable electricity production units with a total installed capacity of up to 1GW, incorporating electricity storage systems, transmission lines, and ancillary infrastructure. The generated electricity will be utilized to power green hydrogen production sites and related by-products for export.
Mr. Alex Vancauwenbergh, the manager of CMMZE, emphasized the importance of this collaboration, stating, “We are thrilled to partner with Das Solar to drive forward the green hydrogen agenda. This consortium aligns with our commitment to sustainable energy development and innovation.”
Aldo Labia, the founder of CMMZE Invest Limited, has been instrumental in steering the company towards pioneering sustainable energy solutions. With a deep-rooted passion for environmental sustainability, Labia has fostered numerous strategic partnerships, including the recent consortium with Das Solar, to advance green hydrogen projects. His leadership and innovative approach continue to drive CMMZE’s mission of reducing carbon footprints and promoting renewable energy on a global scale.
CMMZE, headquartered in Masdar City, Abu Dhabi, UAE, is a limited liability company recognized for its investment in sustainable and innovative energy solutions. Das Solar, based in Zhejiang, China, is a leading company in the renewable energy sector with extensive experience in solar technology and project execution.
The consortium agreement designates CMMZE as the Representative of the Consortium, authorizing it to manage relations with third parties, submit applications, sign necessary agreements, and coordinate the services of the consortium members. Both CMMZE and Das Solar are committed to adhering to the consortium’s obligations and ensuring the successful execution of the green hydrogen projects.
Mr. Vincent Cao, Senior Vice President of Das Solar, highlighted the strategic significance of the partnership, “Joining forces with CMMZE enables us to leverage our combined technological and operational capabilities. This collaboration is set to pave the way for innovative green hydrogen solutions and contribute to the global transition towards renewable energy.”
About CMMZE Invest Limited:
CMMZE Invest Limited is a UAE-based company dedicated to investment in sustainable energy projects and innovative technologies. With a strong focus on renewable energy, CMMZE aims to contribute to global efforts in combating climate change and promoting environmental sustainability.
About Das Solar Co., Ltd.:
Das Solar Co., Ltd. is a leading Chinese company specializing in renewable energy solutions, particularly in the solar power sector. With a commitment to technological innovation and sustainable development, Das Solar plays a pivotal role in advancing renewable energy projects worldwide.
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