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Masdar, Abu Dhabi’s renewable energy company, has entered into a partnership with the National Petroleum Construction Company (NPCC) for exploring green hydrogen and offshore wind production opportunities.
According to the statement, the memorandum of understanding is anticipated to help UAE’s efforts for a clean energy transition. It also includes partnering in other renewable energy technologies such as battery storage.
NPCC, a subsidiary of the National Marine Dredging Company (NMDC), is one of the most prominent engineering procurement and construction firms in the region.
Masdar invests in and develops wind and solar energy projects. Masdar owns a stake both in London Array, which is one of the most important offshore wind farms across the globe, and Hywind Scotland, which is the first floating offshore wind farm in the world.