(Paris, France / Abu Dhabi, UAE) – The French energy supplier Engie SA and the Arab state project developer Masdar want to jointly develop a green hydrogen center in the United Arab Emirates (UAE). The goal is to build projects with an output of at least two gigawatts by 2030. According to Engie, investments are estimated at five billion dollars (4,4 billion euros).
The agreement was signed by Sultan Ahmed Al Jaber, UAE Minister of Industry and High Technology and Masdar Chairman, and Catherine MacGregor, Managing Director of Engie. The ceremony was held in the presence of Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, and French President Emmanuel Macron during his visit to the UAE.
By using the existing infrastructure, the project initially aims to provide local supplies. A giga-scale green hydrogen center will later be built to also supply the export markets.
Masdar combines the activities of three companies
Two days earlier, Mohamed bin Zayed Al Nahyan announced that state-owned power utility Abu Dhabi National Energy Company PJSC (TAQA), Mubadala Investment Company (Mubadala) and Abu Dhabi National Oil Company (ADNOC) would expand their joint activities in renewable energy and green hydrogen under the Abu Dhabi Future Energy Company (Masdar) brand.
According to the information, the companies initially want to launch renewable energy power plants with an output of over 23 gigawatts. By 2030 it should be more than 50 gigawatts. This will make Masdar “one of the largest clean energy companies.”
TAQA is said to hold a 43 percent stake in Masdar's renewable energy business, Mubadala 33 percent and ADNOC 24 percent. In contrast, ADNOC is expected to take the leading role in Masdar's green hydrogen business with a share of 43 percent, Mubadala holds 33 percent and TAQA 24 percent.
30 GW of renewable energy by 2030
The new Masdar partnership builds on the launch of the Abu Dhabi Hydrogen Alliance in January 2021, composed of Mubadala, ADNOC and ADQ (TAQA's majority shareholder). 
ADNOC and TAQA had already agreed in November to develop renewable energies with an output of “at least 2030 gigawatts” by 30. The collaboration will focus on national and international projects in the areas of renewable energy and waste-to-energy, as well as the production, processing and storage of green hydrogen and related activities.
UAE hosts COP28
Masdar was founded by Mubadala in 2006 to expand the UAE's leadership in the global energy sector while advancing the country's economic diversification and climate change agenda. The Emirates want to operate emissions-free by 2050 (“net zero carbon”). Today, the company operates in more than 35 countries on six continents and has developed and invested in projects worth nearly $20 billion worldwide.
The current efforts are no coincidence: the United Arab Emirates will host the COP2023 climate conference in 28.
deep link
https://www.engie.com/en/journalists/press-releases/engie-and-masdar-form-us-5-billion-strategic-alliance-to-drive-uae-s-green-hydrogen-economy
https://news.masdar.ae/en/News/2021/12/01/11/30/Mohamed-bin-Zayed-Launches-Abu-Dhabi-Powerhouse-to-Develop-World-Leading-Portfolio-in-Clean-Energy
https://www.adnoc.ae/en/news-and-media/press-releases/2021/khaled-bin-mohamed-bin-zayed-launches-new-global-green-energy-venture
Photo above
TAQA, Mubadala and ADNOC are bringing together their renewable energy and green hydrogen businesses under the Abu Dhabi Future Energy Company (Masdar) brand. © Masdar
Photo middle
In November, ADNOC and TAQA founded a new renewable energy and green hydrogen company. © ADNOC
