Skip to content Skip to Search
Skip navigation

Masdar expands renewables footprint to Jordan and Europe

By Pramod Kumar
Masdar has signed an agreement with Jordan to develop a 1GW wind project with a battery energy storage system Unsplash/Dan Meyers
Masdar has expanded its renewables footprint to Jordan

UAE company Masdar has expanded its renewables footprint to Jordan, while exploring the development of a green hydrogen supply chain from Abu Dhabi to Europe.

The agreements were signed on the sidelines of the Cop28 climate summit in Dubai.

Masdar signed a joint development agreement with the Jordanian energy and mineral resources ministry to develop a 1 gigawatt wind project with a battery energy storage system.

They also signed a memorandum to explore the feasibility of establishing a green hydrogen plant near the Port of Aqaba to produce the “most cost-competitive” hydrogen, utilising desalinated seawater and renewable power.

“Jordan has the potential to become a global powerhouse in the green energy transition,” Masdar CEO Mohamed Al Ramahi said.

The UAE company already has a presence in Jordan through its Baynouna Solar Energy Company joint venture with Finland’s Taaleri, which inaugurated the 200 MW Baynouna Solar Park earlier this year.

Masdar has also signed a memorandum of understanding with the Port of Amsterdam, SkyNRG, Evos Amsterdam and Zenith Energy Terminals to explore the development of a green hydrogen supply chain between Abu Dhabi and Amsterdam.

“The UAE aims to play a central role in the emerging green hydrogen economy and this partnership with the Port of Amsterdam and associated players in the green hydrogen space would help position Abu Dhabi as a key hub for green hydrogen development,” Sultan Al Jaber, Cop28 president and chairman of Masdar said.

Under the MoU, the parties will develop a green hydrogen supply chain, focusing on production in Abu Dhabi and export to the Netherlands.

The exported green hydrogen will be delivered to key European sectors such as sustainable aviation fuel, steelmaking, and bunkering for shipping. It will also be supplied to new, emerging European offtakers via pipeline, truck and barge.

The parties will further explore several hydrogen transportation methods, focusing on liquid organic hydrogen carriers and liquid hydrogen.

Global consultancy PwC has estimated that hydrogen demand could be between 150 to 500 million metric tonnes annually by 2050.

The hydrogen rainbow

  • Green hydrogen is produced on a carbon-neutral basis through water electrolysis. 
  • Turquoise hydrogen is created when natural gas is broken down into hydrogen and solid carbon with the help of methane pyrolysis.
  • Blue hydrogen is generated from the steam reduction of natural gas. 
  • Grey hydrogen is obtained by steam reforming fossil fuels such as natural gas or coal. 
  • Sometimes other colours are ascribed to hydrogen, based on how it is produced. For red, pink and violet hydrogen, the electrolysers are driven by nuclear power. 
  • Yellow hydrogen is hydrogen produced from a mixture of renewable energies and fossil fuels. 
  • White hydrogen is a waste product of other chemical processes, while the use of coal as a fuel produces brown hydrogen.

Latest articles

STC wants to consolidate the mobile tower market

STC approves PIF purchase of telecom company

Shareholders of Saudi telecom giant STC have approved plans to create a new telecommunications infrastructure company in which the Public Investment Fund will have a 51 percent stake valued at SAR8.7 billion ($2.3 billion).  Under the deal, the STC-owned Telecommunication Towers Co. Limited (Tawal) will become a PIF subsidiary through a merger with Golden Lattice […]

Flavio Cattaneo of Enel, of which Endesa is a subsidiary, and Mohamed Jameel Al Ramahi at the signing of the deal

Masdar buys stake in Spanish utilities company Endesa

The UAE’s state-owned clean energy company Masdar has agreed to acquire a minority stake in Spanish electric utility business Endesa to partner for 2.5 gigawatts (GW) of renewable energy assets in Spain. Under the agreement, subject to regulatory approval, Masdar will invest nearly $890 million to acquire a 49.99 percent stake in Endesa, with an […]

UAE markets Hong Kong

UAE capital markets partner with Hong Kong exchange

The Hong Kong Stock Exchange (HKSE) has added the Abu Dhabi Securities Exchange (ADX) and the Dubai Financial Market (DFM) to its roster of recognised marketplaces. The move opens the door for UAE-based companies to pursue secondary listings on one of Asia’s premier financial markets. It also follows the inclusion of the Saudi Exchange (Tadawul) […]

Person, Worker, Adult

Aramco and PIF invest in Saudi-Chinese steel venture

Saudi Aramco and the Public Investment Fund have doubled their investment in a steel plate joint venture with a Chinese company to $500 million. The two Saudi companies each own 25 percent shares in the new venture in Ras Al Khair industrial city, Bloomberg reported, quoting a statement published on the Chinese stock exchange. Chinese […]