Masdar Signs Agreements with Norwegian Partners to Boost Renewable Energy and Green Hydrogen Investment
Key Ideas
  • Masdar collaborates with Equinor to enhance projects like Hywind and explore new opportunities in the supply chain.
  • Partnership with ICP Infrastructure focuses on green energy infrastructure investment in Europe.
  • Agreement with Aker Horizons Asset Development aims at exploring opportunities in the power-to-green-hydrogen value chain.
  • Masdar and Yara aim to develop the green hydrogen-to-ammonia value chain to meet ambitious production targets.
Masdar, an energy company in Abu Dhabi, has signed agreements with Norwegian partners Equinor, ICP Infrastructure, and Yara to enhance bilateral investment opportunities in renewable energy and green hydrogen. The CEO highlighted the success rooted in the strong UAE-Norway relationship and shared commitment to clean energy. Agreements with Equinor focus on projects like Hywind and expanding the supply chain. ICP Infrastructure partnership aims at green energy infrastructure investments in Europe, while another agreement explores opportunities in the power-to-green-hydrogen value chain. The collaboration with Yara targets developing the green hydrogen-to-ammonia value chain. Masdar aims to produce 1 million tonnes of green hydrogen annually within a decade, showcasing a commitment to pioneering clean energy projects and driving the energy transition forward.
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