Masdar has signed a joint development agreement for a 1 GW wind project and a battery energy storage system. The company has also entered into a separate Memorandum of Understanding (MoU) for a feasibility study on a green hydrogen plant in Jordan.

The feasibility study aims to assess the viability of installing a green hydrogen project near the Port of Aqaba. The objective is to generate cost-effective green hydrogen by utilizing desalinated seawater and dedicated renewable energy sources.

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Masdar, based in the UAE, signed these agreements with the Jordanian Ministry of Energy during the COP 28 summit. In a press release, the company announced that Masdar's Chief Executive Officer, Mohamed Jameel Al Ramahi, and the Jordanian Minister of Energy and Mineral Resources, His Excellency Dr. Saleh Al-Kharabsheh, signed the agreements.

Mohamed Jameel Al Ramahi, the CEO of Masdar, stated that the company will leverage its expertise in clean energy projects and technologies to help Jordan achieve its decarbonization plans and unlock the nation's enormous potential. Regarding domestic and international green energy transitions, Oman has the capacity to emerge as a global powerhouse.

Masdar has already executed projects in Jordan, such as the 200 MW Baynouna Solar Park, the largest clean energy project in Jordan, in February of this year. Masdar aims to achieve a production volume of 1 million metric tonnes of green hydrogen by 2030. This objective aligns with the United Arab Emirates' strategic plan to become a prominent center for green hydrogen and to secure 25 percent of the worldwide low-carbon hydrogen market by 2030.

About Masdar

Masdar is a global leader in renewable energy and sustainable development. Headquartered in Abu Dhabi, UAE, Masdar has a portfolio of projects in over 40 countries across six continents. The company has invested, or committed to invest, in projects with a combined value of over USD 30 billion.  

Masdar's mission is to accelerate the global adoption of sustainable energy and technologies to address climate change and create a more sustainable future.

Masdar has a number of upcoming renewable power projects in development around the world. These projects are expected to play a significant role in helping to achieve Masdar's ambitious target of 100 gigawatts (GW) of clean energy capacity by 2030. Some of them include:

Indonesia's Floating Solar PV Project

Masdar and PT PLN (Persero), Indonesia's state-owned electricity company, are collaborating to develop the world's largest floating solar photovoltaic (PV) project in Indonesia. The project is expected to have a capacity of 14.5 MW and is located on the Cirata Reservoir in West Java.

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Azerbaijan Offshore Wind and Green Hydrogen Project

Masdar has signed a memorandum of understanding (MoU) with the government of Azerbaijan to develop a 2 GW offshore wind and green hydrogen project in the Caspian Sea.

Egypt Green Hydrogen Projects

Masdar has signed a number of agreements to develop green hydrogen projects in Egypt. These projects are expected to produce a total of 4 GW of green hydrogen per year and could help to decarbonize Egypt's economy.

Angola Solar PV Project

Masdar is developing a 150-MW solar PV project in Angola. The project is expected to power 90,000 homes and is part of Angola's efforts to increase its renewable energy capacity.

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