The United Arab Emirates is looking to develop a “world-leading'' clean energy portfolio, with state-run giants Abu Dhabi National Oil Company (Adnoc) and national energy company Taqa to join Mubadala Investment Company as major shareholders in Abu Dhabi-based renewables player Masdar.

The newly formed strategic partnership will launch under the Masdar brand, combining their renewable energy commitment of 23GW, with a target to more than double that figure to over 50GW by 2030.