According to Energy Daily, the project, called Partnership for Accelerating Clean Energy (PACE), could start delivering power before 2035.

The two countries will also be focusing on managing carbon and methane emissions, developing nuclear power and on the decarbonization of the transport sector.

White House spokeswoman Karine Jean-Pierre said that the project aims to also help "emerging economies whose clean development is both underfunded and essential to the global climate effort."

UAE is one of the world's largest petrol producers and it will also be the country to host next year's COP28 climate summit.

United Nations experts say that fossil fuels represent the largest contributor to worldwide greenhouse gas emissions, accounting for 75% of harmful gases released.