Abu Dhabi-based Masdar and China’s Silk Road Fund (SRF) signed a Memorandum of Understanding (MoU) at COP29 to explore renewable energy co-investment opportunities in Belt and Road Initiative (BRI) nations. SRF plans to invest up to ¥20 billion (~$2.8 billion) in projects developed, financed, or managed by Masdar, forming a strategic alliance. Masdar, targeting 100GW capacity by 2030, operates in the Middle East, Central Asia, Southeast Asia, and Africa. SRF, with over 7GW in renewable projects, focuses on BRI countries, including the Middle East, Africa, Southeast Asia, and Latin America. The company also plans to produce 1 million tons of green hydrogen annually by 2030. According to SRF, this partnership reinforces China-UAE collaboration under the "Green Silk Road" vision.