UAE's Masdar and NPCC agree to explore renewable energy opportunities
UAE-based renewables major Masdar has signed an agreement with National Petroleum Construction Company (NPCC) to explore collaboration in offshore wind, green hydrogen, and other renewable energy technologies, the company said on Friday.
The companies will initially focus on collaboration in offshore wind and will also explore extending their efforts to cover other sectors, including green hydrogen production and battery storage technologies, Masdar said in a statement.
Mohamed Jameel Al Ramahi, Chief Executive Officer of Masdar, and Eng. Ahmed Al Dhaheri, Chief Executive Officer of NPCC, signed the Memorandum of Understanding (MoU) on behalf of their respective organisations, at an event held in Masdar City.
“NPCC continually explores new opportunities that align with our resources and engineering expertise in decarbonisation projects in support of the UAE’s climate change action initiatives and long-term sustainable development vision. Partnering with Masdar will undoubtedly contribute towards advancing energy transition in the country and open new avenues for clean energy integration and adoption,” Al Dhaheri said in a statement.
Masdar, which is working in green hydrogen development in collaboration with a number of global partners, formed a strategic alliance with France’s ENGIE last year to co-develop a UAE-based green hydrogen hub, with a planned investment in the region of US $5 billion.
“Masdar and NPCC share a common commitment to advancing the UAE’s leadership position in the energy sector and to driving sustainable growth,” Mohamed Jameel Al Ramahi, Chief Executive Officer of Masdar, said in a statement.
“By leveraging each other’s world-class expertise in our respective fields, our combined efforts could play a vital role in achieving the UAE’s clean energy objectives and support our nation’s net-zero commitment,” he added.
