 |
| |
UAE's Masdar Sets Green Hydrogen Target | |
| Sumita Pawar |
Masdar, the Abu Dhabi Future Energy Company, has revealed plans to target an annual green hydrogen production capacity of up to 1 million metric tonnes by 2030 as part of its commitment to become a global green hydrogen leader.
 |
The company believes that this target would enable it to save more than six million metric tonnes of CO2 emissions.
Masdar is focused on meeting green hydrogen demand domestically and internationally by targeting key segments, including aviation, ammonia, steel, maritime, power, refining, and heavy-duty transportation.
The company has nearly doubled its clean energy capacity and CO2 displacement in the space of two years and is on track to fulfil its ambition of becoming one of the world’s largest renewable energy companies by 2030.
Masdar achieved a clean energy capacity of 20 GW in 2022, generated 18,000 GWh of clean energy, and displaced 10 million metric tonnes of CO2.
The company also launched a Green Finance Framework and signed several significant agreements in new and existing markets, including Uzbekistan, Azerbaijan, Egypt, Jordan, Kyrgyzstan, Turkmenistan, and Tanzania.
Masdar has developed the Green Finance Framework to guide all future financing activities, including plans to become an issuer of green bonds in the debt capital markets.