TotalEnergies and Masdar have announced the formation of a $2.2 billion joint venture focused on renewable energy development across Asia, according to company announcements.

The partnership between the French energy company and the UAE-based renewable energy developer will serve as the exclusive vehicle for both companies to develop and operate renewable energy and battery storage projects in nine Asian countries.

The joint venture represents a significant commitment by both companies to expand their presence in Asia's growing renewable energy market. The collaboration will combine TotalEnergies' global energy expertise with Masdar's experience in renewable energy development and operations.

The venture will focus on developing solar, wind, and battery storage projects across the designated Asian markets, though specific details about project timelines and individual country allocations were not immediately disclosed.

This partnership comes as Asian countries continue to increase investments in renewable energy infrastructure to meet climate commitments and growing energy demands. The region has become a key battleground for international energy companies seeking to expand their clean energy portfolios.