Syed Al Hajjar (Abu Dhabi)
Abu Dhabi Future Energy Company “Masdar” invests in projects around the world with a total value exceeding $30 billion (110 billion dirhams), as the company’s business is spread out in more than 40 countries spread over 6 continents.
On the sidelines of his participation in the World Future Energy Summit as part of Abu Dhabi Sustainability Week, Mohammed Jamil Al-Ramahi, CEO of Masdar, confirmed to Al Ittihad that the total production capacity of the company’s projects, whether in operation or under development, exceeds 20 gigawatts. Enough to supply 5.25 million homes with energy, explaining that these projects contribute to reducing the emission of more than 30 million tons of carbon dioxide annually, which is equivalent to removing 6.5 million cars from the roads.
He explained that Masdar aims to reach the total capacity of its projects to 100 gigawatts by 2030, and Masdar for Green Hydrogen aims to produce one million tons of green hydrogen by 2030, which is equivalent to avoiding more than 6 million tons of carbon dioxide emissions.
acquisition of shares
Last December, “TAQA”, “Mubadala” and “ADNOC” announced the completion of the strategic agreement to acquire shares in the Abu Dhabi Future Energy Company “Masdar”, which aims to expand, develop and develop the scope of “Masdar” operations, to include renewable energy, green hydrogen and other innovations. technology supporting clean energy.
Al-Ramahi said: This partnership brings together the most prominent energy and investment companies in the Emirates, as it combines the great expertise of “TAQA”, “Mubadala” and “Masdar” in the field of renewable energy, and the pioneering role of “ADNOC” in the field of hydrogen and its global trade capabilities, infrastructure and logistical network that You own it, and Masdar will benefit from the shareholder portfolio and their relationships to maximize cooperation and obtain additional benefits.
He added: We will continue the company’s role as a global developer, owner and operator of clean and renewable energy projects, and we will evaluate all growth opportunities in line with the company’s approach and pioneering path in the renewable energy sector. Masdar’s business is expected to grow through a group of new and existing projects, in addition to investment operations. Especially in the hydrogen sector.
promising energy source
Al-Ramahi stressed the importance of green hydrogen as a promising energy source that serves high-emission sectors, in a way that supports global efforts to reduce carbon emissions, which prompted Masdar recently to launch a special department for green hydrogen.
It is noteworthy that the production of green hydrogen takes place with green electricity generated from renewable energy sources such as wind energy or solar energy, in a process that separates the two parts of water into oxygen and hydrogen through electrolysis.
Al-Ramahi explained that Masdar recently signed an agreement with the Port of Amsterdam, SkyNRG, Evos Amsterdam and Zenith Energy to explore ways to develop the green hydrogen supply chain between Abu Dhabi and Amsterdam to support the needs of the Dutch and European markets. All parties will collaborate to develop a green hydrogen supply chain, with a focus on production in Abu Dhabi and export to the Netherlands via the port of Amsterdam.
Al-Ramahi stated that Masdar is currently participating in a number of green hydrogen projects, as it signed agreements with leading Egyptian institutions supported by the state to cooperate in developing green hydrogen production plants in the Arab Republic of Egypt, aiming to produce up to 480,000 tons of green hydrogen annually by 2030. , through electrolyzers with a capacity of 4 GW. He pointed out the importance of Masdar’s projects in supporting the UAE’s strategic initiative to achieve climate neutrality by 2050.
