Masdar Allies With Norwegian Companies on Renewables and Green Hydrogen

Wedoany.com Report-Oct 09, Abu Dhabi Future Energy Company (Masdar) has signed agreements with Norwegian companies to explore clean energy opportunities with green hydrogen in focus.

Specifically, the UAE company inked a strategic framework agreement with Equinor to enhance collaboration between the companies on existing projects, while exploring new ventures and strengthening the supply chain for current and future initiatives.

Furthermore, it penned an agreement with ICP Infrastructure, an infrastructure fund manager backed by the Aker Group, to explore partnership and investment opportunities in green energy infrastructure in Europe, including potential collaborations in renewables in the Nordics.

Masdar also partnered with Aker Horizons Asset Development to explore joint development and investment opportunities along the ‘Power-to-Green Hydrogen’ value chain, targeting the decarbonization of hard-to-abate sectors.

Lastly, the company entered an agreement with Yara to explore collaboration and investment opportunities along the ‘Power-to-Green Ammonia’ value chain, with green hydrogen at its core.