Masdar signs an agreement with Korea Electric Power Corporation (KEPCO) to investigate prospects in green hydrogen, wind energy, and battery storage.
The agreement was signed by Seung-il Cheong, CEO of Kepco, and Mohamed Jameel al-Ramahi, CEO of Masdar in South Korea. Both companies will see the potential of green hydrogen production.
Korea Electric Power Corporation (KEPCO) was founded under the Korea Electric Power Corporation Act to facilitate the development of electric power sources, satisfy the nation’s electric power supply and demand and contribute to the development of the national economy.
Masdar recently signed implementation agreements with the Ministry of Energy of the Republic of Azerbaijan to develop clean and renewable energy projects in the country with a combined confirmed capacity of 4,000 megawatts (MW) as an exclusive concession, with the right to develop an additional 6,000 MW as a second phase, bringing the total production capacity of these projects to 10,000 MW – the largest such signing in Azerbaijan’s history.