Masdar Explores Green Hydrogen Ventures with Norwegian Partners
Key Ideas
  • Masdar strengthens its partnerships with Norwegian companies to explore renewable energy and green hydrogen opportunities.
  • The agreements aim to enhance collaboration in existing projects like offshore wind farms and explore new ventures in green energy infrastructure.
  • Masdar aims to be a leading producer of green hydrogen by 2030, aligning with UAE's goal to triple global renewables capacity by the end of the decade.
Abu Dhabi's clean energy leader, Masdar, has signed agreements with Norwegian companies to deepen their collaboration in renewable energy and green hydrogen projects. The UAE-Norway Investment Forum served as a platform to strengthen the bilateral relationship and discuss investment opportunities in clean energy. Masdar's successful history of partnerships in offshore wind with Equinor has now extended to a Strategic Framework Agreement to enhance collaboration on existing projects and explore new initiatives. Additionally, agreements with ICP Infrastructure and Aker Horizons Asset Development aim to explore investment opportunities in green energy infrastructure and green hydrogen value chains. Masdar's ambitious goal to achieve a 100GW renewable energy portfolio capacity by 2030 includes becoming a major green hydrogen producer. The company's CEO highlighted the shared legacy of driving the energy transition between UAE and Norway. Through these agreements, Masdar is poised to play a significant role in advancing sustainable energy solutions globally.
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