United Arab Emirates-based renewable energy company Masdar has signed an agreement with National Petroleum Construction Company (NPCC) to explore collaboration in offshore wind, green hydrogen, and other forms of renewable energy
Masdar chief executive Mohamed Jameel Al Ramahi and NPCC chief executive Ahmed Al Dhaheri signed a memorandum of understanding (MoU) on behalf of their respective organisations at an event held in Masdar’s head office in Masdar City.
The companies will initially focus on collaboration in offshore wind and will also explore extending their efforts to cover other sectors, including green hydrogen production and battery storage technologies.
Masdar is already a developer and investor in wind projects, including a stake in the London Array in the UK, and in Hywind Scotland, the world’s first floating offshore windfarm, which became operational in 2017. Earlier in 2022, Masdar signed an agreement with Cosmo Energy Holdings in Japan to explore the development of renewable energy, including offshore wind projects, in Japan.
Masdar is also working on green hydrogen development, in collaboration with several international partners. In December, it formed an alliance with ENGIE to co-develop a UAE-based green hydrogen hub, with a planned investment in the region of US$5Bn. Masdar and Hassan Allam Utilities last month co-signed agreements with leading organisations in Egypt related to development of green hydrogen production in the country, targeting an electrolyser capacity of 4 GW by 2030.
NPCC is a well-known EPC contractor in the offshore and onshore oil and gas and petrochemicals industries. It operates several yards for steel structures fabrication and a fleet of vessels for transporting and installing structures. It also operates heavy-lift ships, derrick and pipelay barges, a cable-lay barge and other units.
Masdar’s chief executive said the companies “share a commitment to advancing the UAE’s leadership position in the energy sector and to driving sustainable growth.”
