Subscribe

Don't miss any update with Africazine.

― Advertisement ―

spot_img
HomeAfricaAbu Dhabi's Masdar to boost investments in green hydrogen projects

Abu Dhabi’s Masdar to boost investments in green hydrogen projects

Abu Dhabi Future Energy Company (Masdar) is doubling down on its commitment to green hydrogen with the establishment of a dedicated unit that aims to develop projects in this sector locally, regionally and globally. This move not only reinforces Masdar’s global position in renewable energy but also solidifies Abu Dhabi’s pivotal role in the growing green hydrogen industry.

Mohammad Abdelqader El Ramahi, chief green hydrogen officer at Masdar, revealed during the World Future Energy Summit in Abu Dhabi that the company is entering a new phase of investment in green hydrogen projects. El Ramahi highlighted the importance of today’s time for such endeavors in the UAE. Moreover, he outlined the company’s ambitious targets, including the production of one million tonnes per year of green hydrogen and its derivatives by 2030-2033.

Abu Dhabi’s leading role

El Ramahi emphasized that Abu Dhabi will play a significant role in achieving Masdar’s green hydrogen production goals. He stated that half of Masdar’s production target will go to development in Abu Dhabi. This initiative aims to position Abu Dhabi as a global hub for green hydrogen production.

Masdar has already initiated several green hydrogen projects, including a 2-megawatt pilot project with Emirates Steel Arkan. This project produces green iron using electrolyzers. El Ramahi also outlined plans for the expansion of this project, with a focus on enhancing efficiency and scalability. “We are working to expand this project in the second phase, where we aim to raise efficiency to reach approximately 100 megawatts, but this figure is still under study and development,” he added.

Read: UAE’s DEWA aims to reach 1,000 EV charging stations by 2025, with focus on ultra-fast chargers

Expansion plans

Additionally, Masdar’s green hydrogen projects in Egypt and Morocco reach 4,000 megawatts of electrolyzers each. Masdar is also actively pursuing green hydrogen projects and expansions in Europe, America and the Balkan countries. Hence, the company aims to utilize its effective presence in more than 40 countries and its investment portfolio of over $30 billion.

El Ramahi added that the green hydrogen sector is one of the new emerging sectors globally. Moreover, the World Bank estimates that the sector’s investments will reach $11 trillion by 2050.

The green hydrogen sector holds immense promise in mitigating the impacts of climate change and reducing carbon emissions globally. El Ramahi emphasized Masdar’s commitment to supporting international efforts in this regard. He also cited the sector’s potential to drive significant environmental benefits.

For more news on sustainability, click here.